Lido Wants Liquidity

Our last blog focused on SIZE's two planned auction types: sealed bid and multi-unit dutch auction. Now, let's explore a use case: treasury diversification. SIZE makes treasury diversification easy by improving market participation and price discovery. It's also all on-chain. What does this practically mean? Some thoughts and then let's…

One Size Doesn't Fit All

Auctions are everywhere. Anyone can bid. eBay alone does 2 billion transactions daily. Last year, the top 3 auction houses hit a record of $15 billion in sales. So, what are people bidding on? Turns out, pretty much everything. Last month, @mevcheb posted a blog called When Winners Don't Win…

When Winners Don't Win

After two weeks of frenzied bidding, Vignesh Sundaresan probably overpaid for Beeple's Everyday's NFT when he spent 42,329 ETH ($69mm) on the most expensive NFT ever. This isn't a criticism of splashing cash on JPEGs - but a fact based on a phenomena in auctions known as the "Winner's…

SIZE Closes $6M Seed Round

We are proud to announce our $6 million seed raise led by 3 Arrows Capital, Wintermute, and mgnr, accompanied by others such as Alameda Research, D1 Ventures, and Genblock Capital. We are also grateful to be backed by angels like Cobie, Pomp, 0xtuba, 0xSisyphus, DCF God, Satsdart, Grug, Cozomo de'…