The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Swaap Closes $4.5 Million Seed Round and Announces Upcoming Version Two Launch

by ChainWire
April 19, 2023
in Industry Announcements

April 19, 2023 – Paris, France


Swaap Labs, the company building Swaap, has successfully secured over $4.5 million in seed funding.

Swaap builds the next-generation market-making protocol that leverages a combination of oracles and dynamic spread for sustainable yields and reduced trading costs.

Its unique approach aims to offer LPs (liquidity providers) passive and profitable market-making strategies, addressing the critical issue of impermanent loss, prevalent in DeFi.

Launched in July 2022 on Polygon, Swaap version one has already proven that profitable market-making on-chain is possible.

Its WBTC/WETH/USDC pool, powered by Chainlink price feeds, has recorded less than 0.1% of impermanent loss.

Swaap version two is set to revolutionize the DeFi landscape with its new enhancements and features, further improving version one.

It employs the most advanced market-making models in DeFi, built by leveraging the AMM (automated market maker) simulator developed in collaboration with the Louis Bachelier Institute, a leading math research institute.

Swaap version two further boasts innovative architecture that delivers a significant improvement in data latency, elevating the platform’s overall performance.

Additionally, this new architecture empowers users with access to a diverse range of tokens, including yield-bearing options, further expanding the platform’s capabilities and solidifying Swaap version two as a frontrunner in the DeFi space.

The seed funding round was led by Signature Ventures, with participation from high-profile investors including New Form Capital, C² Ventures, Kima Ventures, Pareto Ventures, Entrepreneur First – where Swaap’s co-founders met – and renowned business angels like Stake Capital’s Julien Bouteloup, CEO of Ledger Pascal Gauthier, CEO of Quantstamp Richard Ma, The Graph’s Tegan Kline, CSO of Coinshares Meltem Demirors, co-founder of Arianee Frederic Montagnon and CEO of eFounders Thibaud Elzière.

Cyrille Pastour, co-founder of Swaap Labs, said,

“We are thrilled to have the support of our investors as we work to democratize DeFi and create a more efficient environment for liquidity providers.

“This funding will enable us to accelerate the development and release of Swaap version two, which promises to deliver even more value to LPs and traders in the DeFi ecosystem.”

Dr. George (Juri) Stricker, tech partner of Signature Ventures, said,

“We are proud to work with the outstanding team at Swaap Labs and to be a part of their journey. We think Swaap’s market maker protocol is a true game-changer for decentralized finance.

“Building upon the progressively more scalable public chain infrastructure – as well as more transparent and robust oracle infrastructure – Swaap is setting new standards in DEX efficiencies for liquidity providers and traders.

“By offering more stable yields and sustainable returns, we believe Swaap is an essential building block in the evolution of DeFi towards a financial system.”

Swaap is inviting users to join the waitlist for its upcoming version two release.

To be among the first to access the new platform and enjoy exclusive benefits, visit here.

The waitlist is powered by Zealy (previously Crew3), ensuring a seamless and efficient onboarding experience.

About Swaap

Swaap is transforming the DeFi landscape with its cutting-edge market-making models, improved performance and access to a wide variety of token options including yield-bearing assets.

Developed in collaboration with the Louis Bachelier Institute using the innovative AMM (automated market maker) simulator, Swaap delivers an enhanced experience for liquidity providers.

Dive into a new era of on-chain liquidity provision and experience the future of DeFi with Swaap at their website.

For more information, visit the links below.

Twitter | Discord | Website

Contact

David Costello, head of marketing at Swaap

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 Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • DPAT Raises Private Funding To Enhance Web 3.0 Ecosystem
    June 2, 2023
  • Pink Moon Studios Reveals ‘KMON: World of Kogaea’ Pioneering a New Era in Web 3.0 Open-World Gaming
    June 2, 2023
  • OKX Proposes Industry-First BRC-30 Token Standard To Enable Bitcoin and BRC-20 Token Staking
    June 2, 2023
  • Devour and AlterVerse Partner To Bring the World’s First Web 3.0 Food Ordering Marketplace to the Metaverse
    June 1, 2023
  • Bumper’s Breakthrough DeFi Protocol Set To Reshape Options Pricing
    May 31, 2023
  • MetaZone Secures Funding To Expand the World’s First Tokenized App Platform for the Metaverse
    May 30, 2023
  • The QWAN Launch – A Token for the Global Gaming Industry
    May 30, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,181.28
$27,181.28
1.72%
Ethereum
$1,905.03
$1,905.03
2.44%
Cardano
$0.377299
$0.377299
3.39%
XRP
$0.523574
$0.523574
2.21%
Dogecoin
$0.072517
$0.072517
1.57%

Spotlight

  • Mysterious Bitcoin Whale Abruptly Moves Over $525,000,000 in BTC – Here’s Where the Crypto’s Headed
    May 26, 2023
  • Under-the-Radar Ethereum-Based Altcoin Flashing Bullish Signal, Says Crypto Analytics Firm Santiment
    May 26, 2023
  • Traders Are Flocking to ‘Blue Chip’ Bitcoin and Fleeing Altcoins, Says Analyst Benjamin Cowen – Here’s Why
    May 26, 2023
  • Shiba Inu’s Shibarium Mainnet Launch Nears As Testnet Transactions Surge to Over 12,000,000 – Here’s the Timeline
    May 26, 2023
Coinfest Asia Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl