🎉🚀 Exciting news! Swaap Labs, the company contributing to @swaapfinance.lens has closed a $4.5M seed round.
Swaap is excited to announce the upcoming v2 launch, set to revolutionize the #DeFi landscape.

🔥 Swaap v2 is a Next-Generation Market Making Protocol, leveraging oracles & dynamic spread for sustainable yields & reduced trading costs. Our unique approach addresses the critical issue of impermanent loss in DeFi.

🌐 Launched in July 2022 on Polygon, Swaap v1 has already proven profitable market-making on-chain is possible, recording <0.1% impermanent loss on our WBTC/WETH/USDC pool, powered by @chainlink.lens

🌟 Swaap v2 employs advanced market-making models built using the AMM simulator, developed in collaboration with the Louis Bachelier Institute, a leading Math Research Institute.

💡 The innovative architecture in Swaap v2 delivers significant improvements in data latency & expands our users' access to a diverse range of tokens, including yield-bearing options.

🤝 Swaap’s seed funding round was led by Signature Ventures & included participation from prominent investors such as New Form Capital, C Squared VC, Kima Ventures, Pareto Holdings, Entrepreneur First, & renowned business angels.

🗣️ CyrillePastour, co-founder of Swaap Labs: "This funding will enable us to accelerate the development & release of Swaap v2, delivering even more value to LPs & traders in the DeFi ecosystem."

🔜 Join the waitlist for Swaap v2 and enjoy exclusive benefits! Sign up at swaap.finance/waitlist, powered by Zealy for a seamless onboarding experience.

👉 Shoutout to our investors for this round: Signature Ventures, New Form Capital, C Squared VC, Kima Ventures, Pareto Holdings, Entrepreneur First, @bneiluj.lens, @meltem.lens, Jean-Marie Mognetti, Pascal Gauthier, Richard Ma, @frederic.lens, @jroma.lens, Eduardo Ronzano, Thibaud Elzière, Aya Kantorovich, @tegan.lens, Marc Bhargava, Charlie Méraud, Karim Sabbah, Zahreddine Touag, Mounir Benchemled, @nethan.lens, @etienneroyole.lens, Andréa Canidio, @manuredpills.lens, Claire Balva, Alexandre Stachtchenko, @gregoireljda.lens, @stephdan.lens, Daniel Arroche, Homme, Florian Le Goff, Stanislas Barthelemi.