💜Drake completes $1M seed round funding
Drake, the PERP DEX in the Monad ecosystem, has completed a $1M seed round funding through ECHO.
Most of the supply was reportedly sold to Monad community members through ECHO, and the fact that it was purchased in such large quantities by the community rather than VCs makes it feel even more trustworthy...?
To briefly explain Drake, it is a hot new CLOB + vAMM combined PERP DEX.
✅CLOB (Central Limited Order Book) = Creates deep liquidity + minimizes slippage
✅vAMM = Provides continuous liquidity + complements the order book
If these two are combined and executed on Monad's fast TPS, it seems that incredibly fast, transparent, and liquidity-rich trading will be possible.
Lately, the PERP DEXs have been hot, and it might be a good idea to bookmark Drake as one of the picks in the Monad ecosystem.
I look forward to the ever-expanding and enriching Monad ecosystem!💜
@monad @monad_eco @DrakeExchange @koreanads
Excited to announce Drake's $1M seed round led by @cmsholdings with the majority coming from the Monad community.
Drake is redesigning onchain perps on @monad to give you the best trading experience and yields on mainnet.
Fastest CLOB, highest yields. All in one.
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