Startup Orderly Network received $20 million from crypto investors. Top hedge funds (Three Arrows Capital, MetaWeb, Sequoia China, Alameda Research) as well as private investors became its donors.
Project Description
DEX Orderly is built on top of the Near Protocol blockchain. It has created a user-friendly platform for open-ended swaps, spot and margin trading, and lending. The company has passed incubators from Woo Network and Near. Liquidity for the exchange is supplied by Kronos Research.
Now Orderly Network is preparing to integrate its first dApp. It will be the Woo Dex trading interface.
“DeFi protocols bring high liquidity and low commission trading options to blockchain Near. The introduction of Woo Dex is another step in that direction. It will give traders a convenient infrastructure and better commissions,” commented a Woo Network spokesperson on the collaboration.
The company will use the $20 million it has received to hire employees, develop new products and support existing ones.
Now Orderly Network is working on the launch of public banding pools. This is a service where token owners lend money to market makers who need liquidity pools.