Sunday, October 2

Binance Labs Leads $ 12 Million Funding Round For Woo Network By CoinTelegraph

© Reuters. Binance Labs Leads $ 12 Million Funding Round for Woo Network

Decentralized finance (DeFi) liquidity provider Woo Network has raised additional funding in a Series A funding round.

Incubated by quant trading heavyweight Kronos Research, Woo Network has pocketed an additional $ 12 million strategic investment in a Series A + funding round led by Binance Labs. The new funding, announced by Binance Labs this Tuesday, adds to to Woo Network’s USD 30 million funding round.

  • Holding company focused on NFTs raises USD 50 million in a round of financing

Woo Network is known for bringing liquidity to institutions, exchanges, trading teams, wallets, and decentralized applications. DYdX, Matcha, ParaSwap, 1inch, and Dodo are the main protocols supported by the DeFi platform. Woo claims that it provides cheap liquidity thanks to algorithmic aggregation and trading techniques. Clients who want to provide liquidity can use the API or the network’s own trading interface, Woo X.

Read the full article on Cointelegraph

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