Den is a multisig wallet solution that enables onchain teams to execute secure transactions quickly, allowing users to send both crypto and fiat, swap tokens, and interact with decentralized applications. By automating signer coordination and transaction simulations, Den eliminates the inefficiencies of manual approvals and enhances transaction safety, having facilitated over $1 billion in transactions for more than 400 teams.
Funding
$7.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+13Founders
Product
Problem
Onchain teams often face challenges in coordinating secure transactions efficiently, leading to delays and complexities in manual approvals. Existing multisig solutions can be cumbersome, requiring significant manual effort for signer coordination, transaction monitoring, and understanding transaction details.
Solution
Den provides an end-to-end multisig wallet solution designed to streamline onchain team transactions, supporting both crypto and fiat payments, token swaps, and interaction with any dApp or smart contract. The platform automates signer coordination through integrations with communication platforms like Discord, Telegram, and Slack, sending recurring notifications to ensure timely approvals. By automatically decoding transactions and simulating their outcomes, Den enhances transaction safety, enabling users to identify and prevent potentially malicious activities before execution. Furthermore, Den offers features for onchain accounting, providing a human-readable ledger with annotated data, automated categorization, and financial insights, simplifying financial reporting and analysis.
Target Audience
Den primarily targets onchain teams, DAOs, and Web3 organizations that require secure, efficient, and transparent transaction management and accounting capabilities.
Features
- Multisig wallet supporting crypto and fiat payments, token swaps, and bridging across multiple networks (Ethereum, Polygon, Optimism, Arbitrum, Base, Gnosis Chain, Avalanche, BNB Chain)
- Automated signer coordination via Discord, Telegram, Slack, and SMS bots with auto-tagging and direct messaging
- Transaction simulation to preview outcomes and prevent loss of funds
- Automatic transaction decoding to understand complex transaction inputs
- Bulk token transfers to send multiple tokens to multiple recipients
- Onchain accounting features with pre-populated categories, descriptions, and file attachments
- Financial insights with visualizations of inflows, outflows, and balance changes
- Automated generation of financial statements (P&L, Balance Sheet)