Blackwing's newly funded modular blockchain promises shift in trading industry
has secured a substantial $4.5 million in a recent funding round spearheaded by industry titans Hashed and Gumi Cryptos. This influx of capital is designated for the creation of a modular layer-2 blockchain. What sets this platform apart is its innovative design for leveraged trading sans liquidation, applicable to a wide range of assets through its"Limitless Pools" feature.Using Initia's foundational technology, Blackwing stands at the forefront of the modular chains concept.
With its Limitless Pools, Blackwing changes leverage trading. The platform transforms liquidity positions into a form of collateral, allowing traders to maintain positions despite market fluctuations. This infrastructure not only augments fee revenue for liquidity providers but also safeguards traders against volatile market conditions.
Amid the fervent debates around decentralization, Blackwing introduces a new breed of modular chain architecture, one that favors a diverse network of specialized app chains. This concept, as envisaged by co-founder Shahmeer, promises a paradigm shift in Web3. Blackwing is setting the stage for a transformed DeFi landscape where trading complexities are streamlined, empowering traders to focus on their strategic goals without the traditional constraints.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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