London, UK, April seventeenth, 2024, Chainwire
Aark pronounces the profitable completion of its Seed Spherical funding, attracting funding from main business pioneers, together with HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest.
This follows its Pre-Seed within the second quarter of 2023, impressively led by Delphi Digital, with participation from OKX Ventures and Huge Mind Holdings.
Aark is a 1000x perpetual DEX set to revolutionize the DeFi house by leveraging LRT property to bolster liquidity for perpetual merchants.
With the brand new funding, Aark will develop its staff to develop extra scalable liquidity, concentrating on the substantial $10 billion TVL market and enabling unparalleled high-leverage buying and selling of as much as 1000x for long-tail property.
“Aark is shaping a future where perpetual DEXs surpass their centralized counterparts. To achieve this, Aark is introducing DeFi innovations that are absent in CeFi. Over the past two years, Aark has been meticulously developing a hyperscalable and diverse system. With the support of our new investors and believers, we aim to propel the on-chain derivatives industry to new heights,” mentioned Eden, CEO of Aark.
“Aark’s innovative exchange model, diverse composability, and tradfi-focused team position it for significant market growth. HashKey Capital is excited to support Aark’s mission to revolutionize the perp dex landscape. We look forward to witnessing Aark’s continued growth and success in the years to come.” mentioned Stanely Wu, Funding Skilled of Hashkey Capital
“With growing adoption rates and bullish market trends, the industry needs more projects focusing on scalable and advanced trading solutions that can serve the needs of both retail and institutional investors. With Aark at the forefront of LRTfi and being one of the leading perpetual DEXs on Arbitrum, we are thrilled to be part of this round and continue supporting the team in growing within the DeFi landscape.” mentioned Danilo S. Carlucci, Founder and CEO of Morningstar Ventures
About Aark:
Aark is a pioneering Leverage-Every part Perpetual DEX that faucets into DeFi’s most liquid sector: LRT. Aark offers delta-neutral yields for LRTs, which in return present liquidity for merchants. Aark’s scalable infrastructure, able to delivering CEX-level liquidity, permits as much as 1000x leverage for long-tail property. Aark embodies safety, scalability, and liquidity, main the forefront of DeFi improvements.
Contacts
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Ocean
AARK
Ocean@aark.digital
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NJ
AARK
Ninja@aark.digital
