Rift Finance

The company's core business is to provide a more sustainable liquidity solution for DAOs. Traditionally, DAOs have resorted to expensive liquidity mining programs that attract temporary capital and deplete their treasuries. Rift Finance addresses this by allowing DAOs to deploy their own governance tokens from their treasuries to deepen liquidity pools without relinquishing ownership of these assets. The protocol pairs these governance tokens with cryptocurrencies like Ethereum, which are supplied by external liquidity providers. This symbiotic relationship provides DAOs with the necessary liquidity while offering liquidity providers potentially high, diversified yields and reduced impermanent loss risk.

The firm's primary clients are DAOs operating on various Layer 1 blockchains, including Ethereum, Fantom, and Aurora. By facilitating this protocol-owned liquidity, Rift aims to create a more stable financial foundation for the growth and scalability of these decentralized entities. The business model centers on this structured liquidity product, which processed over $50 million in its initial capped beta phase. In February 2022, Rift Finance secured $18 million in a Series B funding round led by Pantera Capital, with participation from other notable investors such as Two Sigma Ventures, Coinbase Ventures, and The Spartan Group. However, as of February 2025, the DApp has been marked as inactive due to a lack of on-chain activity and the unavailability of its official website.