SithSwap Raises $2.65M IN Funding

SithSwapRoad Town, British Virgin Islands-based provider for an automated market maker (AMM), on StarkNet, has raised $2.65m at a $25m valuation.

Lemniscap led the round, along with participation by Big Brain Holdings and GSR, DWeb3 Capital and Ghaf Capital Partners. Etienne Royole was also present.

The company plans to make use of the funds to increase its talent pool and hire talented Cairo developers. It also intends to expedite deployment of core AMM contract to the Starknet Alpha Mainnet.

SithSwap on StarkNet is an next-generation Automated Market Maker. It offers instant volatile, stable swaps with low slippage, close-zero fees, and all the security of Ethereum. SithSwap supports pool gauges. Bribes and protocol rewards can be locked in exchange to vote power for future protocol emission and third-party incentives.

FinSMEs

22/06/2022

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