FalconX, Bitmex founder Hayes invest in market maker Elixir amid dearth of providers

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

DeFi protocol Elixir raised $2.1 million to make crypto market making more transparent. It's backed by FalconX, Bitmex founder Arthur Hayes and OP Crypto.

an internal document exploring whether the market maker should be shut down, among the reasons was that Alameda wasn't making enough money to justify its existence.$15 million in a Series A round to improve its proprietary risk management framework, which monitors on-chain and off-chain data in real-time.

The lack of market makers following the collapse of FTX and high exchange costs have led to many projects holding off on launching tokens.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ElixirProtocol Congratulations 🥳 ElixirProtocol

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines