TL;DR
- The fund is valued at $75 million and is exclusively focused on Decentralized Finance projects.
- Investment targets include perpetual DEXs, decentralized money markets, and yield-bearing asset products across multiple chains.
- DWF Labs seeks projects with a functional MVP that solve structural problems of on-chain liquidity and risk.
Last Wednesday, November 26, DWF Labs, one of the leading cryptocurrency market makers and Web3 investment firms, announced the creation of a $75 million fund focused on DeFi infrastructure. The invested capital aims to accelerate the development of the next generation of on-chain financial systems, in a context where institutional demand is driving decentralized finance towards a new stage of growth.
We are launching the $75M DWF Labs DeFi Fund, focused on perp DEXs, money markets, and yield protocols across @ethereum, @BNBCHAIN, @solana, and @base.
— DWF Labs (@DWFLabs) November 26, 2025
Capital + liquidity + ecosystem support for teams ready to scale. pic.twitter.com/d6n0CWHHKA
DWF Labs wants to support teams developing optimized yield, credit, and liquidity systems. The fund’s central objective will be blockchain projects that create dark pool perpetual DEXs, decentralized money markets, and fixed-income or yield-bearing asset products. The firm specified that this investment will cover key ecosystems such as Ethereum, BNB Chain, Solana, and Base.
With this initiative, they aim to attract founders capable of solving structural problems in on-chain liquidity, settlement, lending, and risk management, not just those offering minor adjustments to existing protocols. According to the firm, the mission is to identify and support high-conviction teams with a functional Minimum Viable Product (MVP) and a creative value proposition, so they can quickly achieve technological and commercial maturity.
Capital Strategy and Support for Institutional Adoption
Andrei Grachev, Managing Partner at DWF Labs, emphasized the importance of developing DeFi infrastructure “with real utility” that can meet the demands of institutional investors. “DeFi is entering its institutional phase. We’re seeing real demand for infrastructure that can handle size, protect order flow, and generate sustainable yield. The new fund is designed to support founders who are building the systems that will define the next decade of open financial markets,” Grachev stressed.
Beyond the capital injection, the DWF Labs fund guarantees practical ecosystem support. Their portfolio teams will gain access to active liquidity provisioning and Total Value Locked (TVL), assistance with go-to-market strategies, and connections with market makers, infrastructure providers, and institutional partners.
The investment firm will also leverage its global communication and marketing capabilities to accelerate user acquisition, providing entrepreneurs an “unfair advantage” where distribution and liquidity are as crucial as the product.
This announcement aligns with the general market momentum. Currently, the TVL across all DeFi protocols stands above $121 billion. Experts like Sergey Nazarov, co-founder of Chainlink, estimate that DeFi is 30% of the way towards mass adoption.