Title : Cyclos Secures $21M to Build High-Performance AMM on Solana
Link : Cyclos Secures $21M to Build High-Performance AMM on Solana
Cyclos Secures $21M to Build High-Performance AMM on Solana
Cyclos Raises $21M to Build Concentrated Liquidity AMM on Solana
Decentralized finance (DeFi) is booming, but it's not without its challenges. One of the biggest challenges is liquidity fragmentation, which makes it difficult for traders to find the best prices and execute trades efficiently.
Cyclos, a new DeFi platform, is aiming to solve this problem by building a concentrated liquidity automated market maker (AMM) on Solana. By concentrating liquidity, Cyclos can offer tighter spreads and lower slippage, making it easier for traders to get the best possible prices on their trades.
Cyclos has recently raised $21 million in a Series A funding round led by Polychain Capital and Jump Crypto. This funding will be used to develop the Cyclos platform and bring it to market.
The Cyclos platform is still under development, but it is expected to launch later this year. Once launched, Cyclos could have a major impact on the DeFi market by making it easier for traders to find the best prices and execute trades efficiently.
Cyclos Raises $21M USD to Build Concentrated Liquidity AMM on Solana
Cyclos, a leading decentralized exchange (DEX) on Solana, has raised $21 million USD in a Series A funding round led by IOSG Ventures. Other investors in the round include Jump Crypto, Spartan Group, DeFi Alliance, HashKey, and Alameda Research.
The funds raised will be used to build a concentrated liquidity automated market maker (AMM) on Solana. This new AMM will allow users to earn higher yields on their liquidity while providing traders with better prices and lower slippage.
What is a Concentrated Liquidity AMM?
A concentrated liquidity AMM is a type of AMM that allows users to concentrate their liquidity within a specific price range. This means that users can earn higher yields on their liquidity by providing it to the AMM within a range where there is more demand.
Benefits of Concentrated Liquidity AMMs
There are several benefits to using a concentrated liquidity AMM, including:
- Higher yields: Users can earn higher yields on their liquidity by providing it to the AMM within a range where there is more demand.
- Lower slippage: Traders can experience lower slippage when trading on a concentrated liquidity AMM because the liquidity is more concentrated within a specific price range.
- Better prices: Concentrated liquidity AMMs can offer better prices to traders because the liquidity is more concentrated and there is less competition between liquidity providers.
Cyclos' Concentrated Liquidity AMM
Cyclos' concentrated liquidity AMM will be the first of its kind on Solana. The AMM will be designed to be efficient, scalable, and secure. It will also be easy to use for both liquidity providers and traders.
The Future of Cyclos
Cyclos is a leading DEX on Solana with a strong team and a clear vision for the future. The team is committed to building the best possible products and services for the Solana community.
The $21 million USD funding round is a major vote of confidence in Cyclos and its mission. The funds will allow Cyclos to accelerate the development of its concentrated liquidity AMM and other innovative products and services.
Conclusion
Cyclos is a rising star in the Solana ecosystem. The team is building the best possible products and services for the community. The $21 million USD funding round is a major vote of confidence in Cyclos and its mission.
FAQs
What is Cyclos?
Cyclos is a leading DEX on Solana.
What is a concentrated liquidity AMM?
A concentrated liquidity AMM is a type of AMM that allows users to concentrate their liquidity within a specific price range.
What are the benefits of using a concentrated liquidity AMM?
The benefits of using a concentrated liquidity AMM include higher yields, lower slippage, and better prices.
What is Cyclos' concentrated liquidity AMM?
Cyclos' concentrated liquidity AMM will be the first of its kind on Solana. The AMM will be designed to be efficient, scalable, and secure.
What is the future of Cyclos?
Cyclos is a rising star in the Solana ecosystem. The team is building the best possible products and services for the community.
.Thus this article Cyclos Secures $21M to Build High-Performance AMM on Solana
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