Aark, a a decentralized derivatives exchange built on Arbitrum, received an investment from OKX Ventures, the investment arm of Web3 technology company OKX.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its business reach.
Built for professional traders, Aark introduces features such as a new automated market maker architecture called parallel market maker (PMM) that enables the trading of 300+ pairs including super long-tail assets. PMM reflects liquidity from the order books of top centralized exchanges, making Aark more liquid than any other centralized or decentralized exchange.
Aark Digital also introduced delta-neutral liquidity pools. These are designed to enhance capital efficiency, collateral options and liquidity pool size while providing users with an experience comparable to centralized exchanges.
FinSMEs
15/07/2023