Bribe Closes $4M Seed Round to Bring Voter Extractable Value (VEV) to DAOs
Summary
We are delighted to announce the successful closing of our seed funding round, raising $4M to incentivize voting in DAO governance with Voter Extractable Value (VEV). Our protocol aims to address the problems of low participation and voter apathy in DeFi governance with transparent markets for DAO decisions. By moving this activity on-chain, we are ensuring that retail users can also participate, as well as providing data and case studies necessary to really understand what is going on ‘under-the-hood’ in DAO ecosystems,” said Bribe founder Condorcet. Bidders borrow the voting power of their chosen Bribe pool with USDC, rather than accumulating large amounts of DAO tokens over time, to support or reject one governance proposal within a certain timeframe. “We are excited to support Bribe as it builds out infrastructure to incentivize governance participation for protocols” said Sanat Kapur, an Investment Analyst at Spartan Group.
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