๐ข Announcing Vest Exchange: The first Perp DEX that is designed to enable permissionless trading on any asset you can think of, long-tail or illiquid.
medium.com/@VestExchange/announcing-vest-exchange-a-dex-backed-by-jane-street-qcp-capital-and-big-brain-holdings-894592a28b2c
We are excited to announce our seed fundraise from @JaneStreetGroup, @QCPCapital, @BigBrainHoldings, @Ascendex, @BuilderVC, @NotDeGhost, @ivcryptofund, @CogitentV, @PearVC, @FugaziLabs...
As well as thanks to many other angels, advisors, and friends who have been incredibly helpful in our journey
@omaryehia, @nikete, @0xperp, @juanbugeth, @mihai673, @_theshash, @Pigi_Pal, @tal_rabin, @0xMeigyo, Dexter Song (DSV), @0xGabb, @thelawrenceyan...
We all know that DEXs are the bedrock of a robust DeFi ecosystem and that everyone loves leverage. However the current leading exchanges fall short in 3 main ways.
These are:
- High barriers for market listing
- Lack of risk management
- Unclear risk/return for liquidity providers
Vest conquers these shortcomings through a cutting-edge risk-engine shaped by academic literature and modern market making techniques.
Using adaptive pricing controllers unique to each underlying asset and the market environment, we can unlock illiquid markets faster than any decentralized or centralized exchange.
Next steps:
We'll be randomly giving 20 whitelist spots to followers who like and retweet this thread.
Be the first to receive updates on whitelist spots, discord, and private Testnet launch by signing up at vest.exchange
Finally, participate in the cutting-edge research used to build the world's most democratized exchange by visiting research.vest.xyz
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