January 7, 2022 – Singapore, Singapore
ClearDAO announced its project token CLH will list on KuCoin on January 7, 2022, at 13:00 UTC. The CLH/USDT trading pair will become available to users of the exchange. ClearDAO is the first KuCoin Spotlight project of 2022.
ClearDAO has raised $3 million in seed and private sales. Strategic investors include Huobi Ventures, LD Capital, KuCoin Labs, WOO Ventures, Gate.io, Redline DAO, VRM, StillWater Research and others.
ClearDAO is building a decentralized crypto derivatives factory to provide developers with SDK and tools to accelerate the development of crypto derivatives and marketplaces. To date, the project has completed the template development of options, notes, perpetual futures and CDS. The project has a multi-blockchain strategy and already supports Ethereum, BSC, Solana and Arbitrum.
Compared to traditional finance, the derivatives sector in the crypto industry is in its infancy. The three major pain points are
- Lack of derivative variety
- Absence of risk management
- No derivatives for new asset classes such as NFTs
As DeFi matures and institutions embrace crypto, ClearDAO believes the market share of derivatives will increase for the foreseeable future. By enabling developers to create bespoke derivatives and lowering the barrier of entry, ClearDAO is accelerating the growth of the derivatives sector.
User experience is a core focus at ClearDAO. The project has launched a proof-of-concept barrier trading marketplace on several testnets a month ago. Since then, over 3,000 participants have tried the marketplace and provided user feedback. ClearDAO aims to provide a clean and simple user interface so users can intuitively complete the trades they wish to execute.
According to the project roadmap, ClearDAO will launch the Clear SDK version 1.0 in Q1 of 2022. In the same quarter, the project will kick off a developer program to provide promising dev teams with technical support, funding and marketing resources. The ClearDAO ecosystem will consist of multiple derivatives exchanges run by multiple teams, offering users very different types of derivative products.
CLH/USDT trading pair is now live on KuCoin and Gate.io.
About ClearDAO
ClearDAO is tackling the DeFi derivatives space by building the infrastructure for customizable derivatives. The Clear SDK provides templates and tools that enable developers and traders to easily create options, notes, futures and swaps and launch marketplaces to facilitate the trading of these products. We are building a multi-chain ecosystem where member exchanges offer unique derivative products, all powered by ClearDAO.
Website | Twitter | Telegram | Medium
Contact
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
Follow Us on X Facebook Telegram
