DTrade derivatives exchange raises $ 22.8 million for market makers
The decentralized exchange dTrade raised $ 22.8 million for a market-making fund designed to provide the ecosystem with higher liquidity, potentially paving the way for wider adoption of DeFi on Polkadot once the DEX will launch later this year.
The funds will allow dTrade to launch with “deep liquidity” backed by some of the largest crypto market makers, the company said on Tuesday. Specifically, the capital will be used to facilitate chain loans to market makers who provide order book liquidity on dTrade. Community members will also have the option to participate in the on-chain program once dTrade is launched, which is expected shortly thereafter. Polkadot concludes parachain auction later this year.
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