Varys Capital is pleased to announce an investment in Exponent. Exponent’s mission is to connect end users with quantitative traders in a permissionless, non-custodial, and trustless way.

With decentralized finance (DeFi) solutions continuing to offer a level of speed and responsiveness not typically available to on-chain solutions, quantitative trading has become more and more prevalent, which relies on mathematical computations and analysis to identify opportunities. What is available on the market tends to fall short, however, as current options are lacking in terms of user interface and capital and data accessibility. …


Non-fungible tokens (NFTs) shot out of the gate in February 2021, and while they were initially dismissed as a fad, they have shown incredible staying power and continued growth as the year has progressed. While the most well-known uses for NFTs are for digital art, such as when Beeple sold a piece for $69m, the marketplace has so much more to offer and has managed to fill several new market needs in the process.

OpenSea Posts Meteoric Sales Numbers in Q1 to Q2 2021

OpenSea was founded in 2017 to facilitate the sales of non-fungible tokens, but came into its…


On July 18th, 2021, the upgrade for Ethereum’s long-awaited London hard fork was deployed to its final testnet, with an estimated go-live date on August 4th. This move represents an important milestone in the progression towards Ethereum 2.0, which stands to be one of the most momentous advancements in the history of digital assets. The hard fork brings with it several immediate upgrades that may serve to provide several much-needed boosts as the sphere recovers from its sell-off over the past few months.

What the hard fork contains

Five EIPs (Ethereum Improvement Proposals) are included in the upgrade, with two…


The digital asset market has been on a wild ride downwards over the past few months, attributed to negative sentiment from a few particularly large market movers and concerns of crackdowns over trading and mining in China, which had previously held the lion’s share of the network’s mining operations. Much of the prevailing sentiment has called this a repeat of 2018, but there are strong indicators that long-term oriented market movers are scooping up coins at a massive discount.

Fear driving recent sell-offs, not fundamentals

What’s important to realize is that although the price has bounced around $32,000 to $37,000…


In recent years, traditional banking institutions have struggled with meeting the needs of their customer base. With a great reliance on legacy processes that have not changed appreciably in decades, the need for innovation has never been greater. Fintech offerings have sidestepped many of the slow mechanisms that have hamstrung traditional financial system development, and their influence is beginning to eat into the market share legacy banks had previously enjoyed without competition.

How fintech apps ate the lunch of legacy systems

Over the past ten years, the demand for digital wallets has grown and become the Achilles’ heel of legacy…


Varys Capital is pleased to announce an investment in PolkaCipher. PolkaCipher’s aim is to bridge the gap between the off-chain Internet economy and on-chain decentralized applications, and to be at the forefront of the cross-chain NFT ecosystem with community governance and a privacy-enabled network.

Although NFTs (non-fungible tokens) have been around since 2014, they have exploded into the digital asset space in recent years as a way to purchase and sell digital artwork. Since November 2017, $174 million has been spent on these tokens, and the market reached a total of $250 million in 2020. Anything that can be transmitted…


Varys Capital is pleased to announce an investment in Matrixswap. Matrixswap’s mission is to develop a community-owned and governed decentralized finance (DeFi) protocol with infinite on-chain liquidity.

DeFi has exploded onto the scene over the past couple of years, allowing individuals to swap currencies directly without needing to trust an intermediary with their assets. Centralized exchanges are disadvantaged by the possibility of manipulation and attacks, which makes them poor candidates for long term storage. …


Varys Capital is pleased to announce an investment in Mintlayer’s seed round. Mintlayer’s mission is to provide access to decentralized finance (DeFi) in an accessible, user-friendly, and flexible manner.

Digital assets represent a rebellion against the ever-decreasing value of fiat currency. Even under prime economic conditions, no bank will pay enough interest in a savings account to match the loss of value from the average 2% yearly effects of inflation. In response, digital asset chains if they so choose can be structured to mint tokens to have finite and knowable supply if they so choose, as is the case of…


With markets firmly in “Altcoin Season” territory as of this writing, all eyes have been on potential shortcomings of Ethereum at its current scale. With transaction times and fees on the rise and concerns over power usage and potential centralization growing, the community has been hard at work building solutions with alternative blockchains while maintaining Ethereum’s mission and structure. This has led to a crop of up-and-coming projects, all eager to fill the needs in the market left as Ethereum continues to mature.

Where Ethereum falls short

Challenges have risen with Ethereum as it continues to grow, such as the…


Bitcoin has reached several all-time highs in 2021, primarily driven by economic uncertainty in regard to the pandemic and concerns of inflation triggered by large amounts of economic stimulus. Initially, the push was driven by a large amount of institutional investment and greater accessibility of Bitcoin, such as with PayPal offering crypto trading to a massive and previously largely untapped user base. As time has passed and the bull run has continued, though, its tenor has changed. For example, Grayscale, one of the largest forces behind the institutional investment force has tapered off their purchase of coins, but this has…

Varys Capital

Varys Capital is a total return fund providing secure access to the digital asset class through venture capital and quantitative trading strategies.

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