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.

Founder @joinlegend — Solving the UX problem

Founder + CEO @joinlegend prev compound, @coinbase

Founder and CTO of Compound
Hockey player

🧭 Your gateway to decentralized finance.

legend.xyz

Programming, philosophy, history, internet, startups, crypto.

Investor: a16zcrypto.com

Author: readwriteown.com

I believe Legend has the potential to revolutionize the DeFi space with their innovative approach to simplifying the user experience. The team's experience and expertise make them well-equipped to tackle the challenges hindering DeFi adoption. Overall, I am excited to see how Legend will help bring the next 100M users onchain