London, UK, April 17, 2024, Chainwire
arc is pleased to announce the successful completion of a seed round of funding, attracting investment from industry-leading pioneers including HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest.
This follows a pre-seed in Q2 2023 impressively led by Delphi Digital with participation from OKX Ventures and Big Brain Holdings.
Aark is a 1000x perpetual DEX set that will revolutionize the DeFi space by leveraging LRT assets to enhance liquidity for perpetual traders.
With new investment, Ark expands its team to develop more scalable liquidity to target the $10 billion TVL market and enable unparalleled high leverage trading of up to 1000x on long-tail assets Make it.
“Ark is shaping a future where persistent DEXs outperform centralized DEXs. To achieve this, Ark is introducing DeFi innovations not found in CeFi. Over the past two years, Aark has We have meticulously developed a hyper-scalable and diverse system. With the support of new investors and believers, we aim to take the on-chain derivatives industry to new heights.” said Eden, CEO of Aark.
“Aark’s innovative trading model, diverse configurability, and tradfi-focused team position Aark for significant market growth. HashKey Capital is revolutionizing the Perp Dex environment. We are excited to support Ark’s mission and look forward to seeing their continued growth and success in the coming years.”・Mr. Wu said:
“With rising adoption rates and bullish market trends, the industry needs more projects focused on scalable and advanced trading solutions that can meet the needs of both retail and institutional investors. Aark is at the forefront of LRTfi and is one of Arbitrum’s leading perpetual DEXs, so we are excited to participate in this round and support the team as it grows within the DeFi environment. ” said Danilo S. Carlucci, Founder and CEO of Morningstar Ventures.
About Arc:
arc is a pioneering leveraged everything perpetual DEX that leverages DeFi’s most liquid sector, LRT. Aark offers delta-neutral yields on LRT and provides liquidity to traders in return. Ark’s scalable infrastructure, which can provide CEX-level liquidity, enables up to 1,000x leverage on long-tail assets. Aark embodies security, scalability, and liquidity, leading at the forefront of DeFi innovation.
contact address
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Ninja@aark.digital
Source: www.the-blockchain.com
