MIDNIGHT FUND
The Based Midnight Fund offers exposure to all facets of the crypto asset and blockchain market. The decentralized fund invests in venture equity, early-stage tokens, and liquid tokens targeting a 5 year life-cycle.
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• Minimum Investment: $25k USDC
• Maximum investment $500k USDC
• Management Fee: 10% Of assets annually
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The Midnight fund is structured as an ethereum based decentralized autonomous organization managed by a Delaware llc in order to enable investing in off-chain assets such as equities.
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• 5 year investment perio
• 10 year term
• Unlimited Recycling of liquid assets
• 20% recycling of venture liquidity events
Areas of focus
The fund targets investments in emerging protocols and infrastructure focused on scaling blockchains for specialized, emerging, & B2B uses cases. Including but not limited to the following categories: scalability (Layer 2), DeFi, Gaming, and enterprise. The fund will invest in primarily liquid tokens but will take opportunistic stakes in private token sales, and equity.
Differentiation
The fund's commitment to long-term support provides its investments with ample time to mature and realize their full potential. The Midnight fund is one of the first on-chain investment platforms that rewards members and researchers for deal flow and investment guidance.
The on-chain nature of the fund provides a level of transparency that is unmatched. Including token-based membership, and real-time visibility into the majority of positions.
Why Now
There are three catalysts the we believe will drive outsized returns to those exposed to crypto assets and related companies:
We believe cryptographic assets are going to be the building blocks that power industry in the very near future. Protocols will reshape traditional financial institutions with open, global and sometimes permission-less lending, payments, insurance and exchange products.
The necessity for non-sovereign reserve assets is being highlighted by quantitative easing and related measures. Institutions are treating crypto assets as a hedge against inflation due to macroeconomic uncertainties. We intend to aggressively hold these assets prior to mass adoption.
Global conflicts have demonstrated the benefit of having censorship resistant stores of value that can be transferred instantly.