The raise will help build an on-chain orderbook on super-fast blockchain Monad.
Kuru Labs’ vision is to create a central-limit orderbook combined with automated market-making capabilities for Monad.Kuru Labs, a decentralized finance startup built on the Monad blockchain, has closed an $11.
6 million Series A funding round led by crypto-focused investment firm Paradigm. The raise will help create a central-limit orderbook combined with automated market-making capabilities for Monad, a super-fast version of Ethereum, which was also backed by Paradigm in a The CLOBs are trading systems that match traders' buy and sell orders based on time and price priority. TheAlso participating in the kuru Labs raise was a slew of angel investors, including Viktor Bunin , 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 Monad, bringing a performant central-limit orderbook to the EVM for the first time along with integrated discovery and trading terminal, user liquidity provision, and token launchpad,” the company said in a “Powered by Monad’s globally decentralized network, Kuru will unify liquidity across the ecosystem with our hybrid integrated CLOB-AMM model that preserves composability and democratizes access to liquidity provisioning,” it said.Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence toIan Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This retro style digital camera is on sale for an unbelievably low price of $11The Gems Retro Digital Camera is a point-and-shoot camera that can take pictures at up to 3MP resolution and videos at up to Full HD resolution -- all for just $11.
Read more »
We Stop to Smell the Matcha and $11 Lattes at Le BloomThis new cafe offers up stellar pastries, coffee and flowers, all in one spot. They also have Fronks (iykyk, apparently).
Read more »
Trump approves U.S. Steel merger with Japan's Nippon after companies sign national security agreementThe national security agreement calls for Nippon to make $11 billion in new investments by 2028.
Read more »
XRP Pulls in $11 Million Fund Inflows as $2 Becomes New NormalIs $2 XRP cheap? $11 million fund inflows say maybe, Here's what it is about
Read more »
This $11 Million Phoenix Mansion Will Help You Level Up Your Putting GameSet at the base of Camelback Mountain, the newly listed $11 million mansion features an infinity pool, a sports court, and a private putting green.
Read more »
Mobile to celebrate baseball legacy next week with $11 million Hall of Fame WalkThe park features bronze statues of hometown heroes including Hank Aaron and Satchel Paige, highlighting how the Alabama port city has shaped Major League Baseball history.
Read more »