Aark Raises Seed Funding to Revolutionize DeFi with 1000x Perpetual DEX

Aark, a groundbreaking 1000x perpetual DEX, has secured significant funding in its Seed Round from industry leaders such as HashKey Capital, Arrington Capital, and Cypher Capital. Aiming to revolutionize DeFi with its unique LRT-based liquidity model, Aark plans to bolster scalability and target the $10 billion TVL market, enabling high-leverage trading up to 1000x for long-tail assets. With this investment, Aark will expand its team to drive innovation and propel the on-chain derivatives industry to new heights.

Aark Secures Seed Round Funding to Revolutionize the DeFi Space with its 1000x Perpetual DEX

London, UK, April 17th, 2024, Chainwire - Aark, a leading-edge Leverage-Everything Perpetual DEX, has successfully concluded its Seed Round funding, securing investments from prominent industry pioneers, including HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest.

Building on the momentum of its Pre-Seed round in the second quarter of 2023, notably led by Delphi Digital with participation from OKX Ventures and Big Brain Holdings, Aark's Seed Round success further validates its innovative platform and ambitious vision for the DeFi landscape.

Aark's mission is to transform the decentralized finance (DeFi) industry by harnessing the power of Leverage for Retail Traders (LRT) assets to fuel liquidity for perpetual traders. This innovative approach addresses a significant unmet need in the market, enabling high-leverage trading of up to 1000x for long-tail assets.

With the influx of capital from its Seed Round investors, Aark will significantly expand its team to enhance the scalability of its liquidity provision. The company aims to capture a substantial share of the $10 billion Total Value Locked (TVL) market, offering unparalleled trading capabilities and empowering users to unlock new opportunities in the DeFi derivatives space.

"Aark is relentlessly pursuing a future where perpetual DEXs eclipse their centralized counterparts," said Eden, CEO of Aark. "To achieve this, we are introducing groundbreaking DeFi innovations that have yet to be seen in CeFi. Over the past two years, Aark has meticulously engineered a highly scalable and versatile system. With the unwavering support of our esteemed investors, we are poised to propel the on-chain derivatives industry to unprecedented heights."

Stanely Wu, Investment Professional at HashKey Capital, commented, "Aark's ingenious exchange model, exceptional composability, and team with deep expertise in traditional finance (TradFi) position it for remarkable market growth. HashKey Capital is delighted to support Aark's mission to revolutionize the perp dex landscape. We eagerly anticipate Aark's continued ascent and success in the years ahead."

Danilo S. Carlucci, Founder and CEO of Morningstar Ventures, added, "Amidst the surging adoption rates and positive market trends, the industry needs more projects dedicated to developing scalable and sophisticated trading solutions tailored to the demands of both retail and institutional investors. Aark's leadership in LRTfi and its status as one of the preeminent perpetual DEXs on Arbitrum make us thrilled to participate in this round and continue supporting the team's exceptional growth within the DeFi ecosystem."

About Aark

Aark is a pioneering Leverage-Everything Perpetual DEX that harnesses the liquidity of DeFi's most active sector: LRT. By offering delta-neutral yields for LRTs, Aark provides the foundation for liquidity provision for perpetual traders. Its highly scalable infrastructure, rivaling the liquidity of centralized exchanges, enables traders to access leverage of up to 1000x for long-tail assets. As an industry leader in security, scalability, and liquidity, Aark is at the forefront of DeFi innovation, redefining the boundaries of the decentralized derivatives market.

Media Contacts:

Marketing: Ocean, AARK, Ocean@aark.digital
Marketing: NJ, AARK, Ninja@aark.digital