Description

Overview:

Catalyst is a permissionless liquidity platform designed to connect all chains in the web3 ecosystem. It aims to dissolve barriers between chains, allowing access to assets across any chain and empowering developers to connect to a unified ecosystem of users.

Catalyst raised 4,2M USD in their seed round, valued at 70M USD, in 04/23 from Spartan group, Robot Ventures, Maven11, Alchemy Ventures, HashKey Capital, Circle Ventures, Superscrypt, among others. In the current round they are raising 3M USD, with only 500k USD left at 85M USD valuation.

Tokenomics and token utility are decribed in attached pitchdeck. TGE is expected in Q3/Q4 2024 with 12 months cliff and 36 months linear vesting schedule, mainnet launch of the platform is scheduled for Q1 24.

Team consists of members familiar in the web3 space and with many connections and partnerships already made, such as with companies like Altlayer, Polygon, Arbitrum, Eclipse, Celestia, Espresso, Polymer, Binance and others.

Positives:

• fragmentation of liquidity accross various chains is the problem of future, whilst Catalyst works on solving this - first mover advantage
• any new chain will be able to implement this bridge solution immediately and in permisionless way Initially, this feature won't be available at launch but is planned to become more safeguarded and potentially permissionless in about a year to a year and a half. The process for adding chains is not entirely permissionless; it involves bilateral agreements where chains must conduct due diligence before approval, serving as a protection layer.
• support of single side pools, with no risk of impermanent loss
• strong, experienced and very well connected team
• notable backers of the project - investors
• notable partners of the project
• security risks elimination
• architecture design

Negatives:

• long vesting schedules and late TGE
• despite having first mover advantage, competition still can occur and take a part of market share
• not fully clear how token will capture a value from the platform, not very well specified yet

Disclaimer

• • Risk of Loss: Investing in cryptocurrency projects carries inherent risks, including the risk of losing your entire investment. Be prepared to potentially lose all the funds you invest.
• • No Guarantees: There are no guarantees of profits, returns, or success when participating in projects. Past performance is not indicative of future results.
• • No Financial Advice: The information provided is not financial advice. Consult with a financial advisor if you are uncertain about participating.
• • Due Diligence: It's your responsibility to conduct thorough due diligence on the project, team and tokenomics before participating. Make informed decisions.
• • Community and Social Hype: Be aware that investment decisions based solely on social media hype or community sentiment can be risky and speculative.
• • Backup Your Private Keys: Ensure you have securely stored your private keys or seed phrase. Losing access to them may result in permanent loss of your assets.