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Thrive Protocol logo - Funnel Bakers client

Thrive Protocol: 777 Meetings in 12 Months

Funnel Bakers ran signal-based outbound for Thrive Protocol, a Web3 ecosystem, across email, LinkedIn, Telegram and X. Over 12 months the program booked 777 qualified meetings and 220 grant applications, with peak open rates of 79.8% - all tracked end-to-end in HubSpot.

777

Meetings Booked

220

Applications

4

Channels

79.8%

Peak Open Rate

Client Overview

Thrive.xyz is a Web3-native capital coordination platform connecting protocols, funds, and builders.

By partnering with ecosystems like Hedera, Polygon, Portals, zkVerify, Horizen, and Boba Network, Thrive helps high-quality projects access funding, resources, and ecosystem support.

Objective

Build and run a multi-channel outbound engine (Email, LinkedIn, Telegram, X) that keeps a consistent stream of high-TVL projects applying to partner ecosystem funds.

  • Primary target profiles spanned:
  • DeFi
  • RWA
  • Gaming & Metaverse
  • Infrastructure / Middleware
  • Security & Privacy
  • DePIN
  • Cross-chain / Interop
  • Wallets & Payments
  • AI x Blockchain
  • And more

Strategy & Execution

1. Deliverability & Infrastructure Optimization

  • Configured 10 domains and 20 inboxes via Quickmail to distribute outreach volume and ensure high deliverability.
  • Used Mailflow for warm-up and ongoing inbox health monitoring.
  • Executed campaigns across multiple channels: Email & LinkedIn: Quickmail Telegram: nReach X (Twitter): TweetDM
  • Integrated all tools through Zapier and centralized reporting, tracking, and workflows in HubSpot.

2. Data Enrichment & Targeting

  • Used Clay and Apollo for precise project discovery and enrichment based on TVL, category, and on-chain traction.
  • Segmented outreach by vertical - DeFi, RWA, Gaming & Metaverse, Infrastructure, AI x Blockchain, and Privacy - for contextual relevance.
  • Enhanced personalization through manual research, ensuring project-specific insights informed every touchpoint.

3. Multi-Channel Outreach & Messaging

  • Email: Sequenced outreach focused on funding opportunities and ecosystem fit.
  • LinkedIn: Connection and follow-up steps aligned with email touchpoints.
  • Telegram: Direct founder messaging through nReach for fast response.
  • X (Twitter): Contextual DMs using TweetDM based on project updates and engagement.

Hey {{first_name}},

Given {{project_name}}'s TVL ({{TVL}} last time I checked), you might be a great fit for {{ecosystem}}'s funding.

Top ecosystems allocate portions of their treasury to Thrive Protocol, and we fund projects like {{project_name}} to scale within {{ecosystem}}.

Funding is {{funding_type}} and {{funding_cost}}. Would you or {{2nd_person}} have 10 mins on {{=bday+3}} or {{=bday+4}} {{daytime}} to explore fit?

{{sender}}

4. CRM Development & Performance Tracking

  • Developed a custom HubSpot instance with objects for ecosystems, projects, and applications.
  • Automated lead capture from Quickmail, nReach, and TweetDM into HubSpot via Zapier.
  • Implemented logic for funnel tracking across all stages - Engaged → Opened → Replied → Booked → Applied.
  • Provided weekly ecosystem-level reports and data-backed insights to refine targeting and messaging.

5. Stack

Prospecting & PersonalizationClay, Apollo, nReach, TweetDM (+ manual research)
Email & LinkedIn orchestrationQuickmail (10 domains / 20 inboxes)
Warm-up & HealthMailflow
AutomationZapier
CRM, Reporting, AttributionHubSpot (custom objects, workflows, dashboards)

Results

Horizen

Engaged707
Opened56479.8%
Replied29141.2%
Replied Positive10615.0%
Booked10414.7%
Applied152.1%

Key funnel conversions (intra-stage):

Replied → Positive36.4%
Positive → Booked98.1%
Booked → Applied14.4%

Portals

Engaged1,000
Opened46346.3%
Replied13013.0%
Replied Positive474.7%
Booked404.0%
Applied111.1%

Key funnel conversions (intra-stage):

Replied → Positive36.2%
Positive → Booked85.1%
Booked → Applied27.5%

Swellchain

Engaged700
Opened49070.0%
Replied12317.6%
Booked9814.0%
Applied233.3%

Key funnel conversions (intra-stage):

Replied → Positive79.7%
Positive → Booked23.5%
Booked → Applied23.5%

What Moved the Needle

  • Credibility filters first: TVL + public traction + chain alignment lifted reply and positive rates.
  • Telegram + X for founder speed: Crypto-native channels shortened time-to-meeting.
  • Deliverability discipline: Domain/inbox rotation and warm-up sustained inboxing at scale.
  • HubSpot instrumentation: Ecosystem-level attribution showed where to push volume vs. tighten targeting.
Slack message from the Thrive Protocol team celebrating 777 booked meetings and 220 applications

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