Polygon Co-founder and Aave Founder Invest in Llama’s Seed Funding Round
Llama, a protocol aiming to simplify access control and governance for smart contracts, has raised $6 million in a seed funding round. The funding was led by Founders Fund and Electric Capital, with participation from investors including Polygon co-founder Sandeep Nailwal and Aave founder Stani Kulechov. The capital will be used to further develop Llama’s platform, which provides easy-to-use tools for on-chain organizations.
According to Llama co-founders Shreyas Hariharan and Austin Greene, the platform allows developers to focus on their core products by defining roles and permissions for critical actions such as protocol upgrades and treasury fund management. It aims to reduce development costs and create more secure decentralized protocols.
“Building and maintaining privileged access systems requires precious engineering resources and a large security budget. Teams just want a secure way to set and iterate on granular roles and permissions for all their decision-makers without writing custom modules.”
Austin Greene, Llama co-founder
The Llama platform was developed based on the founders’ experience in supporting blockchain builders and understanding the challenges of running smart contracts. Other seed investors include Willy Gaybrick (Stripe), Nathan McCauley (Anchorage CEO), Viktor Bunin (Coinbase), and various entities.
Hot Take: Llama Raises $6 Million in Seed Funding for Access Control and Governance Platform
Llama, a protocol offering access control and governance solutions for smart contracts, has successfully raised $6 million in its seed funding round. Led by Founders Fund and Electric Capital, the funding round attracted notable investors such as Polygon co-founder Sandeep Nailwal and Aave founder Stani Kulechov. Llama’s platform aims to simplify the development process for on-chain organizations by providing easy-to-use tools.
The funds will be utilized to further enhance the platform’s capabilities, allowing developers to focus on their core products. By defining roles and permissions, Llama enables builders to scale their on-chain entities and reduce development costs. The co-founders emphasize the importance of secure access systems without the need for custom modules.
Llama’s full-stack solution addresses pain points identified through extensive experience in supporting blockchain builders. With a strong roster of investors backing the project, Llama is poised to make significant contributions to the decentralized protocol landscape.
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