September 10, 2024
Syrupal, a decentralized exchange for options and structured financial products, has successfully raised $3.75 million in a seed funding round, bringing its valuation to $25 million. The funding round included several prominent crypto traders.
As an innovative CeDeFi platform, Syrupal combines the benefits of centralized and decentralized systems to offer a user-friendly trading experience and ample market liquidity. The platform emphasizes compliance and innovation, featuring an efficient order book model, gas-saving on-chain settlement, and comprehensive risk management tools.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Syrupal Protocol | $3.75M | September 10, 2024 | Seed Round | DeFi |
Syrupal offers options for major cryptocurrencies like BTC and ETH, supports various option strategies, and helps users hedge risks in different market conditions. Its main product is available on the Arbitrum chain and will expand to other multi-chain environments. Apiary, an important extension on the TON Network, has also been introduced.
The newly launched Apiary Bot provides a novel option trading method for TON ecosystem users, allowing them to participate in transactions using points. The platform supports a range of mainstream and emerging Altcoin option trades and introduces a dynamic option listing model. This model enables the quick launch of high-volatility and high-liquidity projects, enhancing transaction flexibility and helping users capitalize on market fluctuations.
About Syrupal
Syrupal is a decentralized exchange that focuses on options and structured financial products. It combines the benefits of centralized and decentralized systems to offer a user-friendly trading experience with strong market liquidity. The platform supports options for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), and provides various trading strategies to help users manage risks. Syrupal also emphasizes transparency and security through on-chain settlements.
Website: https://www.syrupal.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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