Posted By Jessica Weisman-Pitts
Posted on April 17, 2024
Aark Raises $6M Funding to Accelerate LRT Liquidity Integration for High Leverage Trading
London, UK, April 17th, 2024, Chainwire
Aark is proud to announce the successful completion of its Seed Round funding, attracting investment from leading industry pioneers, including HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest.
This follows our Pre-Seed in the second quarter of 2023, impressively led by Delphi Digital, with participation from OKX Ventures and Big Brain Holdings.
Aark is a 1000x perpetual DEX set to revolutionize the DeFi space by leveraging LRT assets to bolster liquidity for perpetual traders.
With the new investment, Aark will grow its team to develop more scalable liquidity, targeting the substantial $10 billion TVL market and enabling unparalleled high-leverage trading of up to 1000x for long-tail assets.
“Aark is shaping a future where perpetual DEXs surpass their centralized counterparts. To achieve this, Aark is introducing DeFi innovations that are absent in CeFi. Over the past two years, Aark has been meticulously developing a hyperscalable and diverse system. With the support of our new investors and believers, we aim to propel the on-chain derivatives industry to new heights,” said Eden, CEO of Aark.”Aark’s innovative exchange model, diverse composability, and tradfi-focused team position it for significant market growth. HashKey Capital is excited to support Aark’s mission to revolutionize the perp dex landscape. We look forward to witnessing Aark’s continued growth and success in the years to come.” said Stanely Wu, Investment Professional of Hashkey Capital”With growing adoption rates and bullish market trends, the industry needs more projects focusing on scalable and advanced trading solutions that can serve the needs of both retail and institutional investors. With Aark at the forefront of LRTfi and being one of the leading perpetual DEXs on Arbitrum, we are thrilled to be part of this round and continue supporting the team in growing within the DeFi landscape.” said Danilo S. Carlucci, Founder and CEO of Morningstar Ventures
About Aark:
Aark is a pioneering Leverage-Everything Perpetual DEX that taps into DeFi’s most liquid sector: LRT. Aark provides delta-neutral yields for LRTs, which in return provide liquidity for traders. Our scalable infrastructure, capable of delivering CEX-level liquidity, allows up to 1000x leverage for long-tail assets. Aark embodies security, scalability, and liquidity, leading the forefront of DeFi innovations.
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