Balmy

Decentralized Finance (DeFi)balmy.xyz

Balmy was a multi-chain cryptocurrency DeFi platform offering retail crypto users automated Dollar-Cost Averaging positions and yield-generating Earn vaults. The company shut down all services in June, retaining only a withdrawal portal for users to recover remaining balances.

Company typePrivate
Founded2021
Headquarters—
Headcount1–10
GTM typeB2C
OfferingSoftware

Balmy firmographics

Firmographics

Name: Balmy
Website: https://balmy.xyz
Company type: Private
Founded year: 2021
Operating status: Closed
Headcount range: 1–10 employees
Short description: Balmy was a multi-chain cryptocurrency DeFi platform offering retail crypto users automated Dollar-Cost Averaging positions and yield-generating Earn vaults. The company shut down all services in June, retaining only a withdrawal portal for users to recover remaining balances.
Ownership category
akta.pro rank

Balmy industry classification

Industry

Product category: Decentralized Finance (DeFi)
NAICS: Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
SIC: Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
akta.pro primary industry: Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG)
akta.pro secondary industry: DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD)

Keywords

Crypto DCA platform
DeFi earn vaults
Multi-chain yield
Automated crypto investing
Wallet-based DeFi

Balmy business model

Business model

GTM type: B2C
Offering type: Software
Cost components: Technology or R&D, Operations, Infrastructure, Personnel

Go-to-market motion1 record

Distribution channels1 record

Balmy product offering

Product offering

Core offering

Balmy operated a cryptocurrency DeFi platform that enabled retail users to automate recurring crypto purchases through DCA (Dollar-Cost Averaging) positions and earn yield on digital assets through Earn vaults across multiple blockchain networks. Following its June shutdown announcement, the company now only maintains a withdrawal portal that scans all supported chains to help users check and retrieve any remaining balances from their DCA positions and Earn vaults.

Differentiator

Problem solved

Functional benefit

Products and services

DCA Positions
Earn Vaults
Withdrawal Portal

Companies that use Balmy

Customer profile

Segments1 record

Ideal customer profiles1 record

Balmy technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Balmy competitors and assessment

Company assessment

Emerging players

Zapper: Zapper is a multi-chain DeFi dashboard for tracking and managing positions and yield, sharing Balmy's retail-user, multi-chain aggregation approach.
Sommelier Finance: Sommelier offers automated, strategy-driven DeFi vaults via Cosmos — a directly comparable automated vault product to Balmy's Earn Vaults.
Instadapp: Instadapp provides DeFi automation and position management across protocols, overlapping with Balmy's DCA automation and cross-chain position-management concepts.

Broad incumbents

Aave: Aave is a dominant DeFi lending protocol whose yield-bearing deposits are an underlying primitive that Balmy's Earn Vaults would have ultimately routed to or competed against.
Compound Finance: Compound is a foundational DeFi lending market providing the yield primitives that retail vault products like Balmy's Earn Vaults build on or differentiate from.

Direct peers

Yearn Finance: Yearn Finance is the canonical multi-chain DeFi yield aggregator offering automated vault strategies — directly comparable to Balmy's Earn Vaults product in both mechanism and target user.
Convex Finance: Convex optimizes yield on Curve liquidity through automated vault wrappers, representing the same vault/yield-optimization category as Balmy's Earn product.
Idle Finance: Idle Finance aggregates yield across lending protocols via automated vaults, sharing the vault-strategy and yield-spread business model with Balmy.
Beefy Finance: Beefy is a multi-chain yield optimizer that automates compounding across dozens of chains, mirroring Balmy's multi-chain DCA + Earn positioning and retail-user focus.
Autofarm: Autofarm is a multi-chain yield optimizer offering auto-compounding vaults, comparable to Balmy in product structure and multi-chain coverage.

Market position

Customer concentration

Balmy financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Balmy leadership team

Management profile

Number of profiles

Balmy funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Balmy M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Balmy

What does Balmy do?

Is Balmy a public or private company?

Balmy is a private company. It is classified as unknown and is currently closed.

When was Balmy founded?

Balmy was founded in 2021. It employs 1 to 10 people.

Who are Balmy's main competitors?

Emerging players on record are Zapper, Sommelier Finance and Instadapp. Broad incumbents are Aave and Compound Finance. Direct peers are Yearn Finance, Convex Finance, Idle Finance, Beefy Finance and Autofarm.

Does Balmy have an API?

No public API is recorded for Balmy.

What industry is Balmy in?

Balmy's product category is Decentralized Finance (DeFi). Its primary akta.pro industry code is FSAPAEAG, Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield), with a secondary code of FSAPAEAD, DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading). Its NAICS code is 52232 and its SIC code is 6200.