HydraSwap Announces BlockDesk Ventures Investment in its Smart Cross-chain DEX
HydraSwap proudly announces a strategic investment from crypto investment and consultancy BlockDesk Ventures.
The strategic investment by BlockDesk Ventures follows funding from Momentum 6, Kyros Ventures, In Square Ventures, Titans Ventures, and Definitive Capital. HydraSwap plans to apply the proceeds towards its upcoming product release of HydraSwap 1.0 and advanced trading modules.
HydraSwap Empowers LPs With the Tools of Big Money Managers
As the automated market maker (AMM) model matures, DeFi users are seeking more control over their staking, mining, and trading strategies. Cross-chain DeFi is opening up not only more liquidity but also new profit-making opportunities through arbitrage, for example. Currently, though, liquidity providers lose yield to more sophisticated arbitrageurs because they lack the tools to adjust positions like traditional money managers.
Known as the “Smartest DEX Ever,” HydraSwap levels the playing field for users by providing them with new functionality, including advanced orders and trading modules, and a cross-chain bridge to move assets across Ethereum, BSC, and Solana.
At the core of the HydraSwap platform is the Hydra Market Maker (HMM) smart pricing mechanism that gives LPs the flexibility of money managers to improve capital efficiency and reduce impermanent loss. All of these smart contract operations benefit from the high speed and low transaction costs of the world’s fastest blockchain Solana.
On HydraSwap’s smart features, Edward Sirofsky — BlockDesk Ventures founder commented
“Hydra swap has been our most anticipated strategic investment; we can clearly see the team take no shortcuts when it comes to development and they are building not only a dex which will be the go-to place for the Solana eco-system but also for other chains and personally I would go as far as to say it will become the go to place for any crypto enthusiast.”
Leading Blockchain VC Backs HydraSwap
With the HydraSwap investment, BD Ventures expands its portfolio of companies operating on interoperable multi-chains including the high-performance Polkadot and Solana blockchains. Like other BD portfolio projects, HydraSwap has introduced innovative concepts (e.g., the HMM) to DeFi to bring advanced features of centralized finance to decentralized finance. In addition to a seasoned blockchain investment team, HydraSwap will benefit from the BD Ventures ecosystem of resources. They include a service provider platform, matching projects with experts, and the soon-to-be-launched BlockDesk launchpad.
“BlockDesk Ventures has distinguished itself as an investor in projects bringing unique value propositions to DeFi through advanced protocols leveraging the superior performance of cross-chain ecosystems like Solana. We foresee many synergies evolving between HydraSwap and these other projects.”
— The HydraSwap Team
Once HydraSwap closes its private fundraising round, the token generation event (TGE) will be announced. The utility token will give LPs access to HydraSwap’s one-stop CEX-level liquidity mining platform, designed to bring liquidity mining without limits to DeFi through HydraSwap 1.0, Cross-Chain Bridge 1.0, DeFi Arbitrage, and Smart Aggregation modules, and half a dozen other advanced integrated trading modules to follow.
About BlockDesk Ventures
BlockDesk Ventures is a crypto consultancy, marketing, and investment firm founded by a dedicated team of 6 experienced strategic investors specializing in business development and entrepreneurial endeavors. Drawing on vast experience with diverse backgrounds, the team is passionate about innovative Blockchain projects. Our mission is to further progress the vision of decentralization and freedom in financial operations by powering the most innovative projects in the industry.
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 powered by its proprietary market-making algorithm, HydraSwap aims to serve the DeFi community in a whole new way as an interconnected ecosystem.
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