ChainCatcher news, according to The Block, the developer of the modular DEX protocol Valantis, Valantis Labs, has completed a $7.5 million Pre-Seed and Seed round financing.Deven Matthews, co-founder of Valantis Labs, stated that they completed a $3.5 million Pre-seed financing in April 2023, with Cyber Fund and Kraken Ventures co-leading the Pre-seed financing, which was valued at $20 million. In September 2024, they completed a $4 million Seed round financing, with SevenX Ventures leading the Seed round, raising the valuation to $40 million. Other participants included Semantic Ventures, Figment Capital, Robot Ventures, Anthony Sassano, and Sandeep Nailwal.Valantis provides a modular framework that helps developers build decentralized trading platforms through composable "modules."

According to ChainCatcher news, the decentralized trading platform HelloDex has officially released and announced its governance token economics, with a focus on 80% of the protocol profits being allocated to users, specifically:10% allocated to users of the product;10% allocated to the community, KOLs, and volunteers;10% for each new version's security audit costs as well as team operations, development, and server costs;20% retained by the team.

ChainCatcher news, the DeFi options protocol Opyn announced that it will transform into a perpetual DEX protocol, providing services such as leveraged trading, stablecoins, lending, and arbitrage trading.

ChainCatcher news, the Starknet ecosystem AMM protocol Ekubo announced on social media that it will participate in the Starknet DeFi Spring program launched by the Starknet Foundation. In the next six to eight months, users will be able to earn STRK incentives by providing liquidity, starting with the following trading pairs:STRK/ETHSTRK/USDCETH/USDCUSDC/USDTIt is reported that the returns users receive will depend on how much liquidity is provided for these trading pairs.In addition, users can also earn NFTs by completing Intract tasks.

ChainCatcher news, the perpetual contract DEX protocol D8X on Polygon has completed a $1.5 million pre-seed funding round, led by Polygon Ventures, with participation from Axelar Network, Swissborg Ventures, Cogitent Ventures, Veris Ventures, G1 Ventures, Pragma Ventures, CryptoDiscover, and others.D8X is an institutional-grade perpetual contract DEX protocol on Polygon zkEVM, aimed at bringing DeFi to institutional investors. Currently, D8X has launched on the Polygon testnet, with collateral assets being USDC or MATIC, and the order types offered include market and limit orders, with AMM as the counterparty for each transaction.

ChainCatcher news, Web3 index investment company nealthy has completed a $1.3 million Pre-Seed round of financing, with the investors undisclosed. Nealthy builds diversified portfolios for investors by storing various digital assets in an on-chain vault and issuing index tokens. (Source link)

ChainCatcher news, Gridex launched the third round of GDX airdrop on March 24, targeting users with open orders on the ARB/ETH trading pair on Arbitrum.It is reported that GDX is the ecological token of Gridex, the first on-chain order book protocol on Ethereum, with a total issuance of 200 million tokens. (Source link)

ChainCatcher message, Gridex launched the third round of GDX airdrop on March 24, targeting users with open orders on the ARB/ETH trading pair (0.05% grid) on Arbitrum.It is reported that GDX is the ecological token of Gridex, the first on-chain order book protocol on Ethereum, with a total issuance of 200 million tokens. (source link)

ChainCatcher news, D5 Exchange will officially launch the Gridex Protocol ecosystem token GDX at 08:00 Beijing time on March 15. Users participating in the GDX/ETH trading pair on D5 Exchange on Arbitrum can take part in the Maker reward program proposed by Gridex, with a total prize pool of 54 million GDX, and a maximum of 320,000 GDX can be shared daily.It is reported that D5 Exchange innovatively combines order book and AMM trading mechanisms to provide users with an efficient, low-cost, and high-liquidity trading experience. (Source link)

ChainCatcher news, the second round airdrop of GDX with a total of 3 million tokens for the order book trading protocol Gridex Protocol on the Ethereum ecosystem will end on March 11. The total issuance of GDX is 200 million tokens, which will be used for ecological incentives and other aspects in the future. Meanwhile, the GDX Token will officially launch on the D5 trading platform and trading activities will commence on March 15. (Source link)

ChainCatcher news, the Arbitrum ecosystem yield index protocol Arbitrove tweeted that it will launch the staking feature within 12 hours, allowing TROVE holders to stake tokens on the Arbitrove application to earn yields and prepare for governance.According to ChainCatcher previous reports, Arbitrove conducted a public offering on Camelot Launchpad on February 17, raising over 3000 ETH. (source link)

ChainCatcher news, the Arbitrum ecosystem yield index and strategy vault protocol Arbitrove will launch its governance token TROVE on Camelot's Launchpad at 22:00 Beijing time on February 17. The total supply of TROVE is 1 billion tokens, with 20% allocated for public sale, starting at a price of $0.0025 per token. In response to community suggestions, the project team has decided to implement a maximum cap of $100,000 (60 ETH) for each address participating in the Launchpad, and to cancel the originally planned hard cap of $2.5 million (maximum fundraising amount) to prevent sniper bots and whales from targeting its token public sale. Additionally, the project team stated that if the fundraising exceeds $2.5 million, more than half of the funds raised after $2.5 million will be used to deepen the protocol-owned liquidity on Camelot.ALP is the first index of the Arbitrove protocol, consisting of a basket of selected blue-chip tokens such as GMX, MAGIC, and GRAIL, deployed with various strategies to generate yield for users. In the future, the Arbitrove protocol will add more indices, including specific ecosystem indices like the GMX ecosystem index, GameFi index, and specific strategy indices such as the Ethereum liquid staking derivatives (LSD) strategy index. (source link)

Chain Catcher News, the cryptocurrency index protocol Index Coop product team has released a proposal in the community to launch the Ethereum staking token index dsETH. This index will provide diversified exposure to the most liquid staking tokens in the Ethereum ecosystem, allowing users to reduce selection costs. dsETH will consist of 44.1% rETH, 29.6% stETH, and 26.3% sETH2, and will be issued based on Balancer, making it the first custodial Balancer pool deployed in collaboration with Balancer. (Source link)

Chain Catcher news, the decentralized trading protocol Zircon Finance based on Moonriver & Moonbeam has announced the mainnet launch. The project aims to address impermanent loss in DeFi trading through unilateral liquidity on the Moonriver network.According to a previous official blog, the project stated that it will airdrop tokens to test users and active DeFi users who meet certain criteria at the same time as the mainnet launch. Users can check the amount of token airdrop on this website.It is reported that the specific airdrop allocation plan is as follows: 1.5% allocated to whitelist users; 0.4% airdropped to those who provided feedback on the Beta version using the form; 1% allocated to those who interacted with the previous beta deployment (released on March 27); 0.5% reserved for users who initially registered for the beta version through the form on the website, as well as early beta users (March to April); 2% airdropped to users who provided liquidity or traded using various DeFi protocols in the past 30 days; 2% allocated for those who exchanged over $2,000 on DEX in the past 30 days; the remaining airdrop will be provided as a community and DAO incentive mechanism. (source link)