Tomahawk VC and Wixpool Announce Partnership to Boost Liquidity Mining

Venture fund Tomahawk and liquidity provider Wixpool are negotiating a partnership, with Tomahawk planning to invest $14M in liquidity mining. According to Tomahawk’s General Partner Claude Donzé, the main goal of the venture fund is to support the development of the liquidity mining industry, which is in a growing trend.

“Over the past few years, users’ interest in liquidity mining has grown by 120%, indicating significant growth in this industry. I am sure that our partnership with Wixpool will allow us to move forward in this direction and create more opportunities for the industry,” said Claude Donzé.

Tomahawk stated that the growth of the liquidity mining industry is likely linked to the parallel growth of the DeFi industry. For example, in the last six months, the largest decentralized exchange, Uniswap, has grown by 30%. The overall volume of DeFi has grown by more than 6,900% since 2020. Since liquidity mining is part of the DeFi industry, Tomahawk investors expect their investments to grow 10-fold by the end of 2024.

Wixpool became Tomahawk’s first partner in this direction. According to Claude Donzé, the decision to collaborate is conditioned by the infrastructure that Wixpool provides for liquidity mining. Thanks to this infrastructure, private investors can easily provide assets to 300 cryptocurrency exchanges, including Uniswap, Pangolin, Open Ocean, and other decentralized exchanges.

Thus, the partnership between Tomahawk and Wixpool will allow the fund to gain access to more cryptocurrency exchanges and increase its influence on the industry. On the other hand, Tomahawk’s upcoming investments will also have a positive impact on liquidity mining, making it more stable.

“For us, liquidity mining is not only a tool for passive investments but also an opportunity for liquidity providers to interact with large decentralized exchanges. This is important not only for individual users but also for the development of the DeFi industry as a whole. This is exactly what we need,” added Claude Donzé.

The investment date has not yet been set, but according to Claude Donzé, it will happen before September, 2023. In the future, Tomahawk plans to expand its investments to make liquidity mining more stable and increase its opportunities for investors. Both companies are leaders in their industries and hope for fruitful cooperation in the future.

About Tomahawk

Tomahawk VC is a venture fund focused on investing in blockchain and cryptocurrency projects. The fund provides startups with seed and pre-seed funding and assists them in scaling their businesses.

About Wixpool

Wixpool is a liquidity provider that offers cryptocurrencies to decentralized exchanges. Users can earn up to 180% per year by providing their cryptocurrencies to the platform. The platform for private investors was launched in 2022 and has already attracted the attention of 8,000 users.

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