Chainwire, London, UK, April 17, 2024
Aark announced that it has successfully completed its Seed Round of funding, attracting investments from leading industry thought leaders including HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest.
This follows the Pre-Seed in Q2 2023, which was 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 enhance liquidity for perpetual traders.
With the new investment, Aark will target the $10 billion TVL market and grow its team to develop more scalable liquidity by enabling unparalleled high leverage trading of up to 1000x for long-tail assets. It will.
“Aark is creating a future where persistent DEXs outperform centralized DEXs. To achieve this, Aark is introducing DeFi innovations that are not present in CeFi. Over the past two years, Aark has been meticulously developing a highly scalable and diverse system. With the support of new investors and supporters, we aim to advance the on-chain derivatives industry to new heights,” said Eden, CEO of Aark.
“Aark’s innovative exchange model, diverse configurability, and Tradfi-focused team positions Aark 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 future.” Stanely Wu, investment expert at Hashkey Capital, said:
“As adoption increases and market trends remain strong, the industry needs more projects focused on scalable, advanced trading solutions that can meet the needs of both retail and institutional investors. With Aark at the forefront of LRTfi and one of Arbitrum’s leading perpetual DEXs, we are excited to participate in this round and continue to support the team to grow within the DeFi landscape.” Danilo S. Carlucci, founder and CEO of Morningstar Ventures, said:
About Arc:
Aark is a pioneering Leverage-Everything Perpetual DEX leveraging LRT, the most liquid sector of DeFi. Aark offers delta-neutral returns on LRT, and in return provides liquidity to traders. Capable of providing CEX-level liquidity, Aark’s scalable infrastructure allows up to 1000x leverage for long-tail assets. Aark leads the forefront of DeFi innovation by enabling security, scalability, and liquidity.
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