Kuru Labs, decentralized financing (Defi) The startup based on the Monada block chain has closed a round of financing of $ 11.6 million directed by the investment firm focused on paradigm cryptography.
The increase will help create an order book at the central limit (CLOB) Combined with automated market manufacturing capabilities for Monad, a super fast version of Ethereum, which was also backed by Paradigm at an increase of $ 225 million last year.
CLOBs are commercial systems that coincide with the purchase and sale orders of merchants according to the time and priority of the price. Orders are sent at a predefined price and will only be executed if the price limit coincides.
He also participated in the increase in Kuru Labs was a large number of angels, including Viktor Bunin (Credibly neutral)Zagabond, Tristan Yver, Alex Watts, Jordan Hagan, 3nes, Will Price, Shreyas Hariharan, Auri and Joe Takayama, among others.
“Kuru Labs is dedicated to building the Premier Liquidity Hub for Monada, bringing a book of Central Performance Limit to the EVM for the first time together with the integrated discovery terminal and negotiation terminal, the provision of user liquidity and the token launchpad,” said the company in a blog post on Monday.
“Driven by the global decentralized network of Monad, Kuru will unify liquidity throughout the ecosystem with our integrated Hybrid Clob-Amm model that preserves composability and democratizes access to liquidity provisioning,” he said.
