Today, we’re announcing our $15M Seed round to bring Legend to market—making DeFi how it should be: easy to use.

Today, we’re announcing our $15M Seed round to bring Legend to market—making DeFi how it should be: easy to use.

https://fortune.com/crypto/2025/02/11/decentralized-finance-platform-legends-raises-15-million-from-a16z-and-coinbase/

We back bold entrepreneurs building the next internet. 
a16zcrypto.com/

Founder + CEO @joinlegend prev compound, @coinbase

Akin to a legend on a map, we believe @joinlegend will be your personal guide to accessing DeFi.

We’re turning the DeFi money lego thesis into a reality for the end user—building the foundation for a truly magical onchain experience.

Our mission is simple: take DeFi from a niche group of enthusiasts to mainstream adoption.

How? By fixing one of the blockchain's biggest hurdles: the UX problem.

Let's dive in:
- 🔮 DeFi is the future
- ✅ Self-custody matters
- ⚠️ Wallet UX is broken
- ⛔️ Users are sidelined
- 🧭 We're just getting started

🔮 DeFi is the future

Why? Because onchain markets are always on, permissionless, and hyper-efficient. Interest rates adjust in real time, dictated by supply and demand, not a committee meeting every 60–90 days.

Just last month, DEXs hit an all-time high in market share, making up over 20% of digital asset trading volume—up more than 50% year-over-year.

✅ Self-custody matters

Blockchain transparency and direct ownership remove the need for costly intermediaries—and the complex regulations designed to keep them in check.

When users control their assets, there’s no Bernie Madoff to misuse the funds. No trust required.

The result? Potential for a more efficient system where better rates, lower fees and increased economic freedom are passed down to the end user.

⚠️ Wallet UX is broken

Today’s wallets offer access—but access alone doesn’t bring new users onchain, experiences do. Most wallets drop users into the deep end, expecting them to navigate an ocean of complexity on their own.

When someone is learning to swim, we don’t throw them into the open ocean and hope for the best. Yet, that is exactly how most wallets treat new users––it’s overwhelming and unintuitive.

DeFi deserves better. And that’s where @joinlegend comes in.

⛔️ Users are sidelined
Robinhood didn’t invent stock trading. Uber didn’t invent private rides. They made them effortless. 

Legend aims to do the same for DeFi.

The demand is there—an estimated 617M users hold crypto, yet only 30–60M transact onchain. The gap isn’t interest, it’s accessibility.

By delivering the first wallet with DeFi truly built in, we view this gap as an opportunity to bring users onchain.

🧭 We're just getting started

We have over 400k signups on our waitlist and began rolling invites out last week. We expect the public release of the app to be available later this year.

https://legend.xyz/waitlist

Over the next few weeks I’ll be sharing more about how we’re designing the product, and what it takes for us to reach the endgame. 

It takes a village, but we’re on our way 🫡

Open roles:

🧭 We're just getting started

We have over 400k signups on our waitlist and began rolling invites out last week. We expect the public release of the app to be available later this year.

https://legend.xyz/waitlist

Over the next few weeks I’ll be sharing more about how we’re designing the product, and what it takes for us to reach the endgame. 

It takes a village, but we’re on our way 🫡

Open roles:
https://jobs.ashbyhq.com/legend-xyz

We couldn’t be more stoked to have the unwavering support of the best to do it, w/ @a16zcrypto leading and support from @coinbaseventures

First things first don’t use the word DeFi to describe anything!