According to official news, the market maker protocol Swaap will soon be launched on the Arbitrum network.
According to previous news in April, Swaap announced the completion of a US$4.5 million seed round of financing, led by Signature Ventures, New Form Capital, C²Ventures, Kima Ventures, Pareto Ventures, Entrepreneur First, as well as angel investors Julien Bouteloup (Stake Capital), Pascal Gauthier (Ledger CEO), Richard Ma, Meltem Demirors (Coinshares CSO), Frederic Montagnon (Arianee co-founder) and Thibaud Elzière (eFounders CEO) and others participated in the investment.
It is reported that Swaap aims to build a next-generation market-making protocol that uses a combination of oracles and dynamic spreads to achieve sustainable returns and reduce transaction costs.