Carapace

Carapace

Aims to Invest in DeFi with protection against credit default risk. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
AUD15—23m (Dealroom.co estimates Oct 2022.)
Austin Texas (HQ)

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD20222023
Revenues<1m<1m
  • Edit
DateInvestorsAmountRound
-

N/A

-

N/A

-
*

$2.5m

Seed
Total FundingAUD3.9m

Recent News about Carapace

Edit
More about Carapaceinfo icon
Edit

Carapace Finance is a pioneering startup in the decentralized finance (DeFi) sector, focusing on revolutionizing how credit is managed. The company operates by offering a platform where users can earn risk-adjusted yields by providing capital to cover credit default risks. Essentially, Carapace allows individuals to lend money through various loan protocols while offering protection against defaults, thereby securing their investments.

The primary clients of Carapace are investors looking for safer ways to earn yields in the DeFi space and credit protocols seeking to mitigate default risks. By providing capital to cover these risks, investors can earn returns while ensuring their investments are protected. This dual focus on earning and protection makes Carapace an attractive option for both individual and institutional investors.

Carapace operates in the rapidly growing DeFi market, which aims to decentralize traditional financial services using blockchain technology. This market is characterized by its innovative approach to financial transactions, eliminating the need for intermediaries like banks. Carapace stands out by addressing one of the key challenges in this space: credit risk management.

The business model of Carapace is built around its unique offering of "on-chain protection markets." These markets allow investors to earn yields by providing capital that covers the risk of loan defaults. In return, Carapace earns revenue through fees associated with these transactions. This model not only provides a steady income stream for the company but also ensures that investors have a secure way to earn returns.

Carapace is supported by top entrepreneurs and investors, including notable names like Amy Sun, Chase Adam, and Kain Warwick. This backing adds credibility and trust to its operations, further attracting potential clients and partners.

In summary, Carapace Finance is at the forefront of the DeFi revolution, offering a secure and profitable way for investors to engage in credit investing. By providing protection against loan defaults, it ensures that both lenders and borrowers can operate with confidence in the decentralized financial ecosystem.

Keywords: DeFi, credit management, risk-adjusted yields, loan protection, decentralized finance, blockchain, investment security, capital provision, credit protocols, financial innovation.