Description
Hedgey Finance is a unique onchain token distribution platform offering services to distribute tokens to teams, contributors, investors, and communities. Its custom dashboards simplify tracking, managing, and claiming tokens, catering to a range of needs like investor lockups and community token claims. Hedgey is notable in the DAO community, assisting major entities like Gitcoin, Gnosis, and Shapeshift in managing token tables efficiently.
Value Proposition
Hedgey is an onchain token distribution platform. Hedgey helpts distirbute tokens to teams, contributors, investors, and community using onchain, programmatic token releases. Hedgey simplifies the experience for recipients of vested tokens by providing custom dashboards. These dashboards make it easy to track, manage, and claim tokens, streamlining the process significantly. The platform is versatile, accommodating a range of needs such as investor lockups, community token claims, and treasury lockups. What's more, it offers these services at no cost, helping projects to bring their existing vesting plans onchain seamlessly. Hedgey is also well-regarded in the DAO community, supporting major players like Gitcoin, Gnosis, and Shapeshift. It aids DAOs and token projects in managing their token tables efficiently, reducing the time and cost associated with setting up investor distributions and vesting plans. Recognized as an industry leader, Hedgey provides a robust system for issuing vesting plans and distributing time-locked tokens to communities. This combination of comprehensive onchain token management, free service, and support for a wide range of users sets Hedgey Finance apart in the competitive token distribution landscape.
Governance
Hedgey Finance does not have a formal governance process involving its community or token holders. Instead, the protocol and its operations are governed directly by the founders.
Tokenomics
Hedgey currently doesnt have a token because its commitment lies to being a public good. The platform offers its core services for free, eliminating the significant costs (often upwards of $20,000 a year) that teams typically face in managing tokens, vesting, and investor lockups. This approach not only democratizes access to advanced token management but also supports teams of all sizes in their onchain growth.
Previous Funding
Hedgey Finance has received investments, although the specific amounts raised in these rounds have not been disclosed. The platform has been funded by 10 investors, including Acrew Capital and Blockchange Ventures. In terms of grants, Hedgey Finance has sought funding for specific initiatives. For example, they requested a grant from the Polygon Community Forum for building their protocol and bringing options markets to various tokens. They aimed to achieve milestones such as 50 active options markets, $500k in Total Value Locked (TVL) on the Polygon network, and $1 million in notional value traded. However, this grant request was denied.
