Founders Fund, the venture firm backed by billionaire Peter Thiel, led a $5 million purchase of ANVL, the governance token of DeFi collateral protocol Anvil. Pantera Capital, Theta Blockchain Ventures, Bullish and Protoscale Capital also took part in the deal. Anvil said the tokens sold in the transaction came from the project treasury rather than a new issuance, while the deal terms and valuation were not disclosed. Built on Ethereum, Anvil is designed to use digital assets as collateral for financial commitments such as payments and credit. At the same time, its development company, Anvil Research Labs, released an SDK aimed at helping enterprises and financial institutions integrate the protocol without writing blockchain code. Consensus, Bitcoin.com and payments company Flexa are listed as partners. ANVL has a total supply of 100 billion tokens, with about 80 billion in circulation, and the Anvil network currently has roughly $14 million in total value locked.
Founders Fund, the venture firm backed by billionaire Peter Thiel, led a $5 million purchase of ANVL, the governance token of DeFi collateral protocol Anvil. Pantera Capital, Theta Blockchain Ventures, Bullish and Protoscale Capital also participated in the transaction.
Anvil said the tokens sold in the deal came from the project’s existing treasury and were not newly issued. The specific terms of the transaction and the valuation were not disclosed.
Anvil’s protocol model
Anvil is built on Ethereum and is designed to use digital assets as collateral for financial commitments such as payments and credit. Unlike traditional DeFi lending protocols, Anvil is focused on backing financial commitments with on-chain collateral rather than letting users borrow and pay interest.
SDK released alongside the deal
Anvil Research Labs, the company developing the protocol, also released an SDK to help enterprises and financial institutions integrate Anvil without writing blockchain code.
Consensus, Bitcoin.com and payments company Flexa are listed as partners.
Token supply and network data
ANVL has a total supply of 100 billion tokens, with about 80 billion currently in circulation. The Anvil network has roughly $14 million in total value locked.
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