Completed strategic round of financing, dedicated to building the next generation of decentralized trading protocols
The established DeFi protocol Dolomite, based on the Arbitrum ecosystem, recently announced the completion of a strategic financing round, with the specific amount not disclosed. This round of financing was led by the well-known venture capital firm Draper Associates, with participation from several angel investors. The new funds will be used to accelerate the development and market promotion of its next-generation decentralized trading protocol. Since its establishment in 2017, Dolomite has focused on building efficient on-chain trading infrastructure, and this financing indicates a high market recognition of its upgrade vision. The team plans to use the new resources to expand the core team and promote its innovative "dynamic liquidity allocation" model, aimed at providing a more powerful trading engine for Arbitrum and the entire Ethereum Layer 2 ecosystem. @Dolomite