# Asymmetry Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/asymmetry-finance

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.asymmetry.finance
- Total disclosed funding: $3M
- Latest round: Seed (May 16, 2023)
- Investors on record: 4

## About

Based in New York, US, and co-founded by Justin Garland and Hannah Hamilton, Asymmetry Finance operates as a finTech company offering a web3-based decentralized finance (DeFi) platform. In May 2023, the firm raised USD 3 million in seed funding led by investor Ecco Capital, with participation from other investors Ankr Inc., gmjp, and Republic Capital.

The company through its DeFi platform, SafETH focuses on decentralizing Ethereum, by offering staked Ethereum derivatives in the form of indices to the web3 users. The company’s platform allows users to diversify their staked Ethereum exposure while earning market-proportional yield, with approximately 5.8% APY and automatic reward compounding. Additionally, Asymmetry operates as a DAO governed by the ASF token, ensuring that all the user's protocol revenue is reinvested back into the users and ecosystem.

The company plans to utilize its May 2023, funding for further development of its product and platform. The company’s product lineup also includes wstETH, rETH, frxETH, and sETH2, as well as soon-to-be-launched ankrETH and afETH, to increase the decentralization within the staked Ethereum market.

## Funding rounds

- Seed, May 16, 2023, $3M — Ankr Inc., Republic Capital, Ecco Capital, gmjp

## Investors

- Ankr Inc. — Seed
- Republic Capital (https://capitalatlas.ai/funds/republic-capital) — Seed
- Ecco Capital — Seed
- gmjp — Seed