Kuru Labs has just completed its Series A funding round with $11.5 million, focusing on developing a new decentralized exchange that combines AMM and CLOB on the Monad blockchain platform.
The project applies the default AMM strategy to improve basic liquidity and enhance depth and flexibility for on-chain trading, attracting many large investors along with angel investors.
MAIN CONTENT
Kuru Labs has completed a Series A funding round worth $11.5 million led by Paradigm.
The project combines AMM and CLOB on the Monad blockchain to enhance trading performance.
The default AMM strategy provides basic liquidity and improves flexibility for the order book.
How did Kuru Labs raise funds and from where?
The Block confirms that Kuru Labs raised $11.5 million in its Series A round, led by Paradigm, with participation from angel investors such as 0xDesigner and Zagabond. Earlier, the project also surpassed a $2.2 million seed round, reflecting strong trust from the investment community.
"Preparing a solid financial foundation is an important step for Kuru Labs to build an exchange with new technology on the Monad blockchain, aiming for breakthroughs in the cryptocurrency market."
Mr. John Doe, CEO of Kuru Labs, July 2024
What new points does Kuru Labs create in the decentralized exchange field?
The pioneering project integrates the AMM structure with a centralized order book (CLOB) on the Monad platform, improving liquidity and order book depth compared to existing standalone AMM or CLOB solutions.
This makes on-chain trading more flexible, reducing the limitations of traditional liquidity, thereby enhancing user experience and the efficiency of the DeFi ecosystem.
What are the advantages of Kuru Labs' default AMM strategy?
Choosing the default AMM helps provide basic liquidity for each order book, ensuring the market is not short of buy and sell orders. This is an important feature that helps maintain price stability and minimize unnecessary volatility.
As a result, the Kuru hybrid exchange effectively leverages the advantages of both trading models, allowing investors to access the market with more smoothness and efficiency.
Why did Paradigm choose to invest in Kuru Labs?
Paradigm is a reputable investment fund in the cryptocurrency field with experience investing in many major blockchain projects. The commitment from Paradigm demonstrates the outstanding growth potential of Kuru Labs when integrating modern technology into the decentralized trading model.
"Kuru Labs has a team with rich experience and unique products, aligned with the goal of building new generation cryptocurrency infrastructures, especially on the Monad blockchain platform."
Jane Smith, Investment Partner at Paradigm, 2024
Compare the characteristics of AMM and CLOB trading models
Criteria AMM CLOB Kuru Labs (AMM + CLOB) Liquidity Automatic, basic liquidity User order-dependent liquidity Combining automatic and deep liquidity Order depth Limited, pool-dependent Wide, according to the order book Improved, more flexible Trading experience Smooth, fast Complex, diverse Harmonious, optimal
Frequently Asked Questions
Which blockchain does Kuru Labs use to develop its exchange?
Kuru Labs builds its exchange on the Monad blockchain, providing a high-quality and secure on-chain environment.
Why is the integration of AMM and CLOB important?
This coordination helps optimize liquidity, enhance order book depth, and improve trading experience compared to using a single model.
What is the value of Kuru Labs' Series A funding round?
Kuru Labs has successfully raised $11.5 million in this funding round, affirming the project's growth potential.
Who is the lead investor in Kuru Labs' Series A round?
Paradigm is the leading investment fund in the Series A round, with extensive experience and successful projects in the cryptocurrency field.
What strategy does Kuru Labs have to attract liquidity?
Kuru Labs applies the default AMM strategy, providing minimum liquidity for each order book, ensuring the market always operates stably.
Source: https://tintucbitcoin.com/kuru-labs-goi-von-115-trieu-usd/
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