HydraSwap, the Game-changing AMM for Liquidity Providers, Announces a Strategic Investment by Kyros Ventures
HydraSwap gladly announces a strategic investment from early-stage blockchain and cryptocurrency investor Kyros Ventures.
The HydraSwap private fundraising round gets underway, Kyros joins an impressive group of strategic investors who have already entered into partnership arrangements with HydraSwap, including Momentum 6, BlockDesk Ventures, and Definitive Investment.
HydraSwap Seeks to Give AMMs the Yield-earning Power of Big Money Managers
Known as the “Smartest DEX Ever,” HydraSwap is creating an AMM with performance on par with that of traditional MMs. At the core of the HydraSwap platform is the Hydra Market Maker, a smart engine that removes the computational and gas bottlenecks of EVM-based chains. Additionally, HydraSwap provides advanced trading modules including a fee settling model that compensates LPs for the level of volatility risk in the market.
On HydraSwap’s smart features, Thuat Nguyen, Co-founder at Kyros Ventures commented, “HydraSwap blends high-performance tech with the ultimate CEX-experience to connect cross-chain and access innovative DeFi features in one place. We believe that our partnership with Hydraswap will unlock the project’s potential to reach mass retail investors to benefit both the project and the community.”
Vietnamese Pioneer in Early Stage Blockchain Investing Backs HydraSwap’s “Smart” AMM
Kyros Ventures is an investment fund spun out of the Coin68 ecosystem, consisting of exclusive partnerships across the Vietnamese blockchain industry, and led by serial entrepreneur Thuat Nguyen, the founder of Coin68 News Media and COO of the FMX Derivatives Trading Platform. Among Kyros’ dozens of investments are numerous DeFi market innovators, including cross-chain platform clover, high performance yield farmer APY.Finance, and multi-chain oracle platform Paralink Network.
“We are delighted that Kyros Ventures has recognized HydraSwap as one of its early blockchain innovators as we enter our next stage of market growth. We look forward to expanding the functionality and performance of AMMs and introducing more capital efficiency to LPs with the support of Kyros’ vibrant DeFi ecosystem,” commented Ayush Kohli, CEO of HydraSwap.
Following the private fundraising round, HydraSwap will generate a utility and native governance token. The token generation event (TGE) is scheduled for later this year and followed by Cross-Chain Bridge 1.0, DeFi Arbitrage, Smart Aggregation, and a series of other advanced integrated modules. These game-changing economic features will bring the full value of DeFi to users based on actual usage, viable block rewards, fee and price stability, and the fair rebalancing of liquidity pools.
About Kyros Ventures
Kyros Ventures is the investment branch of Coin68 Media, the leading cryptocurrency entity in Vietnam. Specializing in incubation and investment, Kyros Ventures is the gateway for international cryptocurrency projects to enter the Vietnamese market, helping them to achieve greater awareness and adoption thanks to its extensive network of partners and communities. For further information, please visit: Kyros.Ventures.
HydraSwap is a cross-chain DEX on Solana providing CEX-level trading, supported by a game changing HMM core and powerful multi-module components. The next generation DEX provides cross-chain asset management solutions to traders and liquidity providers (LPs). By creating a seamless cross-chain infrastructure and implementing a game changing market making algorithm, HydraSwap aims to serve the DeFi community in a whole new way as an interconnected ecosystem.
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