StationX crosses $1.5M in volume within two months

It has been less than three months since we launched our public beta, and today marks a major milestone in our journey to serving communities.

At a high level, StationX allows syndicates, venture DAOs and asset managers to create and manage self-custodial SPVs—stations—at the cost of gas. Stations turn the otherwise cumbersome process of raising capital privately and managing investments—into a cakewalk.

Our infrastructure abstracts away the complexities of shuffling between tools like wallets, multisigs, sheets, and tokens. In addition to that, StationX integrates with an intent layer which allows you to seamlessly perform ops like sending funds, swapping assets, distributing returns and deducting fees.

We’ve witnessed a range of use cases

1. Sommi, a popular YouTuber in the crypto space, along with his community, raised over $700K via his station to co-invest in the pre-seed round of a DeFi project called Clip Finance.

2. A few friends decide to raise some ETH and restake in Eigen Layer via their station. This small experiment coupled with network effects led them to raise over 40+ ETH ($150K+) across two stations, putting their station’s multisig on the top 1000 list of wallets that restaked on EL by volume.

3. Mona Tiesler is an investment manager who runs a syndicate called Momentum 8—on the side. She has raised $500K across 6 stations so far and her most recent deal was an L2 blockchain.

4. Climber Collective is an unofficial syndicate of the Outlier Ventures accelerator's alumni network that includes founders, mentors and staff. They raised over $15K among members via a station to fund one of their portfolio companies.

Chain-wise Stats

To break down the protocol’s performance slightly further, there were less than 5K unique addresses that generated $1.5 Million in volume cumulatively on the two chains we were live on since Jan’24.

• On Polygon

  • 2,222 Unique Stations were created

  • 2,494 Unique Addresses made deposits

• On Ethereum

  • 141 Unique Stations were created

  • 153 Unique Addresses made deposits

Stations offer customisable deposit pages

Add customisations like a banner, profile images, and a description on the deposit page of your station to give better context about the opportunity to investors.

Utilise Public Owner Profiles

Share your profile page to showcase all your stations in one place, invite investors to check out your deals and build a strong reputation for your syndicate.

What’s next

In the coming few months, we’re scheduled to go live on Linea, Base, Berachain and Scroll among a few others. In addition to that, we’re also partnering with protocols/solutions that can help us build offerings around compliance, cross-chain, on/off ramps, and DeFi capabilities within the StationX ecosystem.

If you run a syndicate or participate in one, we’d love to help you get started on StationX. You can try creating a station on your own at app.stationx.network or get in touch with our team.

Links

1. Website: stationx.network

2. Enter dApp: app.stationx.network

3. Follow announcements on X

4. Follow announcements on Lens

5. Warpcast (coming soon)