Orderly Network Raises US$20 Million to Build DeFi Infrastructure to Empower dApps Built on NEAR
Summary
Leading market maker Kronos Research will support the bootstrapping of initial liquidity, providing a customizable, professional-grade trading experience from day one. You can now try WOO DEX live on testnet at: https://testnet-dex.woo.org/en/trade.With a mission to create the most robust liquidity layer infrastructure for any dApp to utilize and build on, Orderly Network offers permissionless spot and futures order book trading infrastructure with CeFi-level execution. Bringing deep liquidity and low-fee trading options to the NEAR blockchain by introducing DeFi protocols like WOO DEX will allow users to enjoy an efficient, permissionless trading experience while also giving builders the best possible platform and build experience to launch their products and services on, said Ran Yi, Chief Ecosystem Officer, WOO Network.With this round of financing, Orderly Network plans to focus on recruitment across all key functions, develop and enhance new and existing products, while growing the Orderly ecosystem and establishing partnerships along the way. Pairing this product-first ethos with best-in-class liquidity options and a team with a proven track record, we believe that Orderly is primed for success, said Kyle Davies, Co-founder, Three Arrows Capital.As part of our investment in NEAR, we strive to build exposure in the infrastructures poised to become key components in the chains success. With the Orderly team, we were impressed with the depth in expertise and their ability to deliver solid DeFi infrastructures, making our commitment an easy decision, said Haseeb Qureshi, Managing Partner, Dragonfly Capital.