Aark Closes $6M in Its Latest Seed Round
Congratulations to our new portfolio company, Aark, on their $6M seed round backed by HashKey Capital, Arrington Capital, Cypher Capital, IVC, Metavest, and others 💫
Aark is a unique perpetual DEX that uses LST/LRT liquidity to provide high-leverage and gasless trading. The team aims to transform the DeFi space by using LRT assets to enhance and scale liquidity for perpetual traders. Its unique Reflective Market Maker (RMM) brings CEX liquidity on-chain and facilitates unprecedented high-leverage trading of up to 1000x.
Aark has recently been awarded a substantial grant of 900,000 $ARB from the Arbitrum Foundation. This significant recognition will be instrumental in attracting more traders and expanding the Total Value Locked (TVL) of LP with LST/LRT/RWA.
Read the full announcement: ➡️ here
About Morningstar Ventures
Morningstar Ventures is an investment firm backing ambitious ideas by early-stage founders. Based in Dubai, Morningstar Ventures focuses primarily on the blockchain and digital assets space and is led by CEO Danilo S. Carlucci. The firm is active in token and equity investments and has a particularly strong focus on the MultiversX ecosystem.
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