English
RussianMechanism Capital is an investment firm that invests in the cryptocurrency industry with a focus on decentralized finance or DeFi.
Investors Mechanism Capital
Mechanism Capital
Tier 2Lead investor
Projects
93
Portfolio market cap
$13.14B
sum across all projects
Raised in these rounds
$622.8M
97 of 109 rounds with disclosed amounts
Tier
Tier 2
Lead investor
About the fund
Portfolio · 93
| Project | Price | Entry price | ROI | Stage | Date | Market cap | |
|---|---|---|---|---|---|---|---|
 NEAR ProtocolNEAR | $5.01 | $0.1739 | 29x | — | — | $6.55B | |
 Shiba InuSHIB | $0.00000596 | — | — | — | — | $3.51B | |
 MorphoMORPHO | $2.77 | — | — | — | — | $1.94B | |
 PendlePENDLE | $2.48 | $0.1394 | 18x | Private Round | $430.6M | ||
 HumanityH | $0.0696 | — | — | — | — | $144.4M | |
 BeamBEAM | $0.002602 | $0.00043 | 6.1x | Seed Round (Early Investors) | $133.5M | ||
 BIO ProtocolBIO | $0.0307 | $0.0328 | 0.94x | — | — | $65.9M | |
 AlloraALLO | $0.2648 | — | — | — | — | $53.1M | |
 Frax (prev. FXS)FRAX | $0.2980 | — | — | — | — | $27.9M | |
 ChainflipFLIP | $0.3047 | $0.2444 | 1.2x | — | — | $26.9M | |
 Yield Guild GamesYGG | $0.0281 | $0.0675 | 0.42x | — | — | $26.3M | |
 HOMEHOME | $0.005716 | — | — | — | — | $24.8M | |
 BENQIQI | $0.003037 | $0.0055 | 0.55x | — | — | $21.9M | |
 BiconomyBICO | $0.0218 | $0.0750 | 0.29x | — | — | $21.8M | |
 PixelsPIXEL | $0.006269 | $0.00866667 | 0.72x | — | — | $21.7M | |
 MiraMIRA | $0.0533 | — | — | — | — | $19.1M | |
 JOEJOE | $0.0408 | — | — | — | — | $18.7M | |
 PufferPUFFER | $0.0233 | — | — | — | — | $12.9M | |
 NAVI ProtocolNAVX | $0.0146 | — | — | — | — | $11.9M | |
 BOB (Build on Bitcoin)BOB | $0.004816 | — | — | — | — | $10.7M | |
 Verona (prev. XION)VERONA | $0.1153 | — | — | — | — | $10.7M | |
 Heroes of MaviaMAVIA | $0.0341 | — | — | — | — | $8.5M | |
 BluefinBLUE | $0.0103 | — | — | — | — | $6.2M | |
 SuilendSEND | $0.0614 | — | — | — | — | $4.6M | |
 Star Atlas DAOPOLIS | $0.0142 | $0.1380 | 0.10x | — | — | $4.2M | |
 Star AtlasATLAS | $0.0001542 | $0.00138 | 0.11x | — | — | $4.0M | |
 Ancient8A8 | $0.005388 | $0.0400 | 0.13x | — | — | $3.5M | |
 HighstreetHIGH | $0.0351 | $0.3000 | 0.12x | — | — | $3.4M | |
![RAMP [OLD]](/img/px?u=aHR0cHM6Ly9kcm9wc3RhYi5jb20vX2dhdGV3YXkvc3RhdGljL2ltYWdlcy9yYW1wLnBuZw==){kind=small} RAMP [OLD]RAMP | $0.0232 | $0.006 | 3.9x | — | — | $2.8M | |
 KYVE NetworkKYVE | $0.002126 | — | — | — | — | $2.6M | |
 CreatorBidBID | $0.006167 | $0.0250 | 0.25x | — | — | $2.4M | |
 dHEDGE DAODHT | $0.0406 | $0.1650 | 0.25x | — | — | $2.2M | |
 Zeus NetworkZEUS | $0.002282 | $0.3000 | 0.01x | — | — | $2.1M | |
 BlockchainSpaceGUILD | $0.002279 | $0.0300 | 0.08x | — | — | $1.0M | |
 SovrunSOVRN | $0.000925 | $0.1000 | 0.01x | — | — | $781.7K | |
 Fjord FoundryFJO | $0.0124 | — | — | — | — | $685.2K | |
 K21K21 | $0.0158 | $0.1240 | 0.13x | — | — | $290.6K | |
 GenopetsGENE | $0.002856 | $0.2553 | 0.01x | — | — | $280.8K | |
 GAM3S.GGG3 | $0.000382 | — | — | — | — | $253.5K | |
 SirenSI | $0.003725 | $0.1538 | 0.02x | — | — | $249.0K | |
 Merit CircleMC | $0.0198 | $0.0430 | 0.46x | — | — | $235.6K | |
 XDEFIXDEFI | — | $0.1385 | 0.04x | — | — | $193.7K | |
 Nyan HeroesNYAN | $0.0004692 | $0.0100 | 0.05x | — | — | $190.3K | |
 DecimatedDIO | $0.0003102 | $0.0267 | 0.01x | — | — | $168.5K | |
 AurigamiPLY | $0.0000401 | $0.00475 | 0.01x | — | — | $165.5K | |
 MON ProtocolMON | $0.0002732 | $0.0990 | 0.00x | — | — | $162.2K | |
 HubbleHBB | $0.002327 | $0.3000 | 0.01x | — | — | $160.3K | |
 Anzen FinanceANZ | $0.0000488 | $0.006 | 0.01x | — | — | $153.1K | |
 CryowarCWAR | $0.0005416 | $0.0160 | 0.03x | — | — | $140.8K | |
 FrontierFRONT | $0.0169 | $0.0650 | 0.26x | — | — | $131.2K | |
 ItheumITHEUM | $0.0002611 | $0.0200 | 0.01x | — | — | $127.0K | |
 NAOS FinanceNAOS | $0.001394 | $0.0790 | 0.02x | — | — | $117.4K | |
 TimeswapTIME | $0.0002148 | — | — | — | — | $75.2K | |
 Self ChainSLF | — | $0.0650 | 0.01x | — | — | $62.0K | |
 Nsure NetworkNSURE | — | $0.0750 | 0.01x | — | — | $45.8K | |
 LeverFiLEVER | $0.00000054 | $0.000171 | 0.00x | — | — | $30.1K | |
 SifchainEROWAN | $0.0000007 | $0.0300 | 0.00x | — | — | $21.2K | |
 Covalent Query TokenCQT | — | $0.009 | — | — | — | $20.4K | |
 Cross The AgesCTA | $0.0002613 | — | — | — | — | $15.6K | |
 XY FinanceXY | — | $2.47 | — | — | — | $15.0K |
Showing 60 of 93 — the rest fall below this market-cap range.
Entry price and ROI come from the source's data for this fund. Stage and date are derived by matching the entry price against the project's rounds; where there is no match, a dash is shown.
Funding rounds · 109
| Project | Stage | Raised | Valuation | Date |
|---|---|---|---|---|
 Inference | Seed Round | $11.8M | $118.0M | |
| BIO Protocol | Seed Round | $6.9M | $69.0M | |
 Mecka.AI | Seed Round | $8.0M | $80.0M | |
 Magicblock | Seed Round | $7.5M | $75.0M | |
| HOME Lead | Extended Seed Round | $2.0M | $100.0M | |
 Mirai Labs Lead | Seed Round | $4.0M | $40.0M | |
 Canopy Lead | Strategic Round | $1.2M | $12.0M | |
| Suilend | Funding Round | $4.0M | $40.0M | |
| HOME Lead | Seed Round | $2.0M | $100.0M | |
 Exponent | Funding Round | $2.1M | $21.0M | |
 Nectar AI Lead | Seed Round | $3.9M | $39.0M | |
 Breakout | Funding Round | $4.5M | $45.0M | |
| Mira | Seed Round | $9.0M | $90.0M | |
 Gudchain Lead | Funding Round | $5.0M | $50.0M | |
| Anzen Finance | Seed Round | $4.0M | $40.0M | |
 StripChain | Funding Round | $10.0M | $100.0M | |
 Param Labs | Funding Round | $7.0M | $70.0M | |
 Holograph Lead | Strategic Round | $2.8M | $28.0M | |
| CreatorBid | Funding Round | — | — | |
| Shiba Inu | Founding Round | $12.0M | $120.0M | |
 Runes DEX | Seed Round | $2.0M | $20.0M | |
| Puffer | Series A Round | $18.0M | $180.0M | |
 Inference Labs Lead | Pre-seed | $2.3M | $23.0M | |
| BOB (Build on Bitcoin) | Seed Round | $10.0M | $100.0M | |
 MyPrize | Funding Round | $13.0M | $140.0M | |
| Nyan Heroes Lead | Strategic Round | — | — | |
| Fjord Foundry | Seed Round | $4.3M | $43.0M | |
 Munchables Lead | Pre-seed Round | — | — | |
| Zeus Network Lead | Funding Round | $8.0M | $100.0M | |
| Humanity | Strategic Round | — | — | |
| MON Protocol | Strategic Round | — | — | |
| NAVI Protocol | Funding Round | $2.0M | $20.0M | |
 Anboto | Funding Round | $3.0M | $35.0M | |
| GAM3S.GG | Funding Round | $2.0M | $20.0M | |
 Silent Protocol | Funding Round | $5.0M | $50.0M | |
 Fableborne | Seed Round | $5.5M | $55.0M | |
 Boxed | Pre-seed | $1.5M | $15.0M | |
 Portals | Seed Round | $2.0M | $20.0M | |
| Morpho | Funding Round | $18.0M | $180.0M | |
| Decimated | Funding Round | $4.5M | $45.0M | |
 Cantina Royale Lead | Private Round | $4.5M | $30.0M | |
| Holograph | Seed Round | $6.5M | $65.0M | |
| Cross The Ages | Seed Round | $12.0M | $120.0M | |
| Allora | Extended Series A Round | $22.0M | $220.0M | |
| Itheum | Private Round | $4.0M | $20.0M | |
 SO-COL | Seed Round | $1.8M | $17.5M | |
| Aurigami | Strategic Round | $9.5M | $47.5M | |
| Sovrun | Series A | $10.0M | $100.0M | |
| Verona (prev. XION) | Series A | $8.0M | $80.0M | |
| Heroes of Mavia | Seed Round | $5.5M | $55.0M | |
| NEAR Protocol | Funding Round | $150.0M | $1.50B | |
| Ancient8 | Seed Round | $4.0M | $40.0M | |
 Platypus Finance | Private Round | $3.3M | $20.6M | |
| Hubble | Seed | $3.6M | $30.0M | |
| BlockchainSpace | Seed Round | $3.8M | $30.0M | |
| KYVE Network | Seed Round | $2.8M | $28.0M | |
| Timeswap | Seed Round | — | — | |
 FIAT DAO Token | Seed Round | $2.0M | $20.0M | |
 DeHorizon | Seed Round | $8.5M | $85.0M | |
| Genopets | Private Sale | $8.3M | $25.5M | |
| JOE | Seed Round | $5.0M | $50.0M | |
| Beam | Seed Round (Early Investors) | $4.5M | $45.0M | |
| XY Finance | Private Round | — | — | |
| Highstreet Lead | Private Round | $9.9M | $30.0M | |
| Cryowar Lead | Private Round | $2.5M | $18.0M | |
 Strips Finance | Private Round | $8.5M | $85.0M | |
| Merit Circle | Seed Round (Early Investors) | $4.5M | $28.1M | |
 Ardana | Private Sale | $6.5M | $37.5M | |
| Chainflip | Strategic Round | $5.8M | $45.0M | |
| XY Finance | Seed Round | — | — | |
| Holograph | Pre-Seed | $1.7M | $17.0M | |
 Smart Layer Network | Seed Round | — | $50.0M | |
| Star Atlas DAO | Private Sale | — | — | |
| Star Atlas | Private Sale | — | — | |
| Cryowar Lead | Seed Round | $520.0K | $14.0M | |
| Biconomy Lead | Private Round | $9.0M | $75.0M | |
| KYVE Network | Pre-Seed | $1.0M | $10.0M | |
 Pontem Liquidswap Lead | Seed Round | $4.5M | $45.0M | |
 Nansen | Series A Round | $12.0M | $120.0M | |
| Allora | Series A | $7.5M | $60.0M | |
| Verona (prev. XION) | Seed Round | $3.0M | $30.0M | |
| Bluefin | Seed Round | $6.4M | $64.0M | |
| Pendle Lead | Private Round | $3.7M | $36.0M | |
| BENQI | Private Sale | $6.0M | $39.6M | |
| XDEFI Lead | Private Sale | $6.0M | $60.0M | |
| Siren | Seed Round | $4.0M | $15.4M | |
| NAOS Finance | Private Round | $5.1M | $23.7M | |
| Chainflip | Second Seed | $1.1M | $29.0M | |
| Nyan Heroes | Angel Round | $500.0K | $10.0M | |
| Strips Finance Lead | Seed Round | $2.5M | $25.0M | |
| K21 | Institutional purchases | — | — | |
| Yield Guild Games | Series A-2 | $2.0M | $90.0M | |
| Yield Guild Games | Series A-1 | $2.0M | $45.0M | |
| Chainflip | Sapling | $1.4M | $19.0M | |
| Sifchain | Private Round 2 | $1.4M | $30.0M | |
| Siren | Pre-seed | $1.2M | $12.0M | |
| Chainflip | Seed Round | $942.5K | $11.0M | |
 Horizon Finance | Seed Round | $1.3M | $13.3M | |
| Chainflip | Pre-seed | $337.5K | $6.0M | |
| Nansen Lead | Seed Round | $1.2M | $12.0M | |
| XDEFI Lead | Seed | $1.2M | $6.5M | |
| Nsure Network | Private Round | $1.4M | $100.0M | |
| Nsure Network | Seed Round | $50.0K | $50.0M | |
| Self Chain | Private Round | $1.3M | $23.4M | |
| Frontier | Private Round | $1.3M | $6.5M | |
| Covalent Query Token Lead | Private Round 1 | $2.6M | $13.0M | |
| RAMP [OLD] | Private Round | $1.1M | $6.0M | |
| LeverFi | Private Round | $1.1M | $6.0M | |
| Covalent Query Token Lead | Seed Round | $500.0K | $5.0M |
Focus areas
Ethereum Ecosystem5
DeFi2
Blockchain1
Coinlist Launchpad1
Meme1
Lending Platform1
Derivatives1
Co-investors
Animoca Brands3 shared
YZi Labs (prev Binance Labs)3 shared
DWF Labs2 shared
Shima Capital2 shared
Big Brain Holdings2 shared
Pantera Capital2 sharedFunds that most often back the same projects.