Kosen Labs Has Closed a $5 Million In Seed Round
Kosen Labs is excited to announce that Kosen Labs has closed a $5 million seed round led by Andreessen Horowitz with major participation from Framework Ventures and other strategic partners.
“The worlds of AI and web3 are beginning to intersect and create a whole design space that we’ve barely begun to explore. Miljan and Peter, the founders of Kosen Labs, are two brilliant researchers at that intersection. They are applying cutting-edge machine learning techniques to solve problems in the world of web3, starting with the DeFi problem of active liquidity management in modern decentralized exchanges.”— Ali Yahya, General Partner at Andreessen Horowitz.
As the first step on this mission, Kosen Labs will be focusing on delivering the best-in-class solution for active liquidity provision (LP) on the next generation automated market makers (AMMs), such as Uniswap v3 and Sushiswap Trident.
The native token of the Kosen protocol will be KOSN. The purpose of this token will primarily be governance of the protocol through the Kosen DAO. Moreover, a percentage of the fees collected by the active liquidity management will go to the protocol treasury, and will be used either to purchase KOSN tokens on the open market and burn them, or potentially for other protocol activities such as awarding good governance or liquidity mining programs.
ABOUT Kosen Labs
Kosen Labs was started with the aim of creating a link between the world of advanced AI/ML research and the web3.0 world of decentralized economy.
