Derivatives exchange dTrade raises $22.8M for market makers
Cointelegraph
Published Sep 14, 2021 10:00AM ET
Updated Sep 14, 2021 11:40AM ET
Decentralized exchange dTrade has raised $22.8 million for a market-making fund designed to provide the ecosystem with higher liquidity, potentially setting the stage for wider DeFi adoption on Polkadot once the DEX launches later this year.
The funds will enable dTrade to launch with “deep liquidity” backed by some of crypto’s largest market makers, the company announced Tuesday. Specifically, the capital will be used to facilitate on-chain loans to market makers that provide order book liquidity on dTrade. Community members will also have the opportunity to participate in the on-chain program once dTrade launches, which is expected soon after Polkadot concludes its parachain auctions later this year.
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Written By: Cointelegraph
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