Crypto VC Paradigm Leads $11.6M Round for Kuru Labs’ DeFi Liquidity Engine
Main Idea
Kuru Labs, a DeFi startup on the Monad blockchain, raised $11.6 million in a Series A round led by Paradigm to develop a hybrid liquidity hub combining a central-limit orderbook (CLOB) and automated market-making (AMM) capabilities.
Key Points
1. Kuru Labs secured $11.6 million in Series A funding led by crypto VC Paradigm, which also backed Monad in a $225 million raise last year.
2. The funding will support the creation of a hybrid liquidity hub featuring a central-limit orderbook (CLOB) and automated market-making (AMM) for Monad, a high-speed Ethereum-compatible blockchain.
3. Kuru Labs aims to unify liquidity across the Monad ecosystem with its CLOB-AMM model, enhancing composability and democratizing access to liquidity provisioning.
4. The project is designed to bring performant trading infrastructure to the Ethereum Virtual Machine (EVM) for the first time, leveraging Monad's decentralized network.
Description
Kuru Labs, a decentralized finance (DeFi) startup built on the Monad blockchain, has closed an $11.6 million Series A funding round led by crypto-focused investment firm Paradigm. The raise will help create a central-limit orderbook (CLOB) combined with automated market-making capabilities for Monad, a super-fast version of Ethereum, which was also backed by Paradigm in a $225 million raise last year. The CLOBs are trading systems that match traders' buy and sell orders based on time and price p...
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