Chris Dixon pfp
Chris Dixon
@cdixon.eth
I’m excited to announce that we’re leading the $15M seed round in @joinlegend to simplify DeFi & help bring the next 100M users onchain. While DeFi activity has grown, it has also become more complex, & remains too complicated for many people to use. Legend is pointing the way to a simpler user experience & broader adoption. Their first product is an embedded smart contract wallet that allows users to borrow, lend, or swap across chains without manual wallet connections or the risk of interacting with malicious websites. Legend’s founders @json, @hayesgm, & @mykel all worked together at DeFi pioneer Compound. Geoffrey was an inventor of the Compound protocol, and a co-founder of Compound Labs. Mykel & Jayson worked together on product and design at Compound Labs before Jayson took the reins as CEO. With their user-facing product expertise and empathy for DeFi developers, the Legend team is perfect to address the UX challenge that’s still hindering DeFi adoption. We’re delighted to support them.
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Chris Dixon pfp
Chris Dixon
@cdixon.eth
None of the above should be taken as investment advice or an advertisement for investment services; please see https://a16z.com/disclosures/ for more information.
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trevor
@trevoranon
for a second i thought this was investing in john legend to simplify defi and was like wtf
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↑ j4ck 🥶 icebreaker.xyz ↑ pfp
↑ j4ck 🥶 icebreaker.xyz ↑
@j4ck.eth
haha compound famously simple to use 😅 congrats on the round! looking forward to a simple defi experience myself
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Darryl Yeo 🛠️ pfp
Darryl Yeo 🛠️
@darrylyeo
Congrats. Can’t wait to see what UX improvements are in store 👀
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amc
@amc
Sounds like a lot of improvements defi has been yearning for, congrats Chris!
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Sujit 🇮🇳 🎩
@0xsujit
I truly believe this fund will perform incredibly well
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nirbhik.eth
@nirbhik
Congrats @joinlegend 🎉
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Garrett
@garrett
Is this goal here basically to build a defi version of BlockFi or Celsius?
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Chris pfp
Chris
@piffie
They will have a long way to go - countries on the waitlist are ordered wrong - emails go into the google spam folder… let’s see if the app is the same quality
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Ran Domero
@randomerror.eth
so like ehm who's running compound now?
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Jae
@bigjae
Nice work. Agree, the only path to greater adoption is to make onboarding process and tools that are so user friendly that people don’t realize they are interacting with blockchain. Hide the wires, keep it simple.
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Chris Carlson
@chrislarsc.eth
What happened to the next billion?
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ELENA🎩💋
@helensun18
Wow! Very cool 🔥🔥🔥
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Azternomic
@azternomic
So DeFi with chain abstraction and a strong product focus, nice
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dantes
@dantesj
Exciting $15M seed round investment in @joinlegend to simplify DeFi for broader adoption. Strong team with Compound background. Bullish on their potential
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Light
@gcryptp
Congratulations 🎊
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sunwaves
@murton
seems good one ay
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jesus.eth
@jesusdoteth
Thx for putting Legend on my radar
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Cryptohubber
@cryptohubber
Congratulations on the round!
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