Superform Labs Raises $6.5M, Redefining Yield Opportunities for Investors

Key Points:

• Former BlockTower investors and a Microsoft veteran lead a crypto startup, creating a groundbreaking cross-chain yield marketplace.
• Superform introduces a permissionless platform across seven EVM-compatible networks, simplifying yield management. The $6.5M funding includes support from Polychain and BlockTower.
• SuperFrens, a gamified on-chain rewards program, offers NFT incentives and exclusive benefits.

Superform Labs, a crypto startup founded by former BlockTower Capital investors and a former Microsoft product manager, has secured $6.5 million in seed and angel funding rounds.

Led by Polychain Capital in the seed round, participants included BlockTower Capital, Maven 11, Circle Ventures, and others. Angel investors, such as Arthur Hayes and Marc Bhargava, also contributed.

The seed round, concluded in November 2022, was revealed alongside the launch of Superform’s marketplace in early access mode. Co-founder Blake Richardson explained that the round, structured as equity with token warrants, had notable support from BlockTower Capital, their second-largest backer.

Yield Marketplace Redefining Crypto Investments

Superform, initiated by Richardson, Vikram Arun, and Alex Cort, offers a permissionless, cross-chain yield marketplace for DeFi protocols. Users can deposit funds into listed vaults, earning yield through Superform’s streamlined interface. Richardson highlighted the challenge of managing yield positions across multiple blockchains, which led to the creation of Superform.

Launching on seven EVM-compatible networks, Superform allows users to mint SuperPositions, enabling diverse combinations of yield across Ethereum Virtual Machines (EVMs). The platform plans to expand to other blockchains in the future.

Former BlockTower Investors Pioneer Crypto Yield Evolution

To reward users, Superform introduces SuperFrens, a gamified on-chain rewards system, with Season 0 live for early-access users. SuperFrens are NFTs, and collecting multiple NFTs qualifies users for future rewards and exclusive benefits. While details about potential native token airdrops remain undisclosed, Superform emphasizes its commitment to continued decentralization.

The public launch is scheduled for the first quarter, leveraging blockchain infrastructure from LayerZero, Hyperlane, Wormhole, Li.Fi, and Socket.