Flood Raises $5.2M in Seed Funding to Empower dApp Developers
Flood, a protocol for order routing, management, and settlement, has announced a successful seed funding round of $5.2 million. The funding was co-led by Bain Capital Crypto and Archetype, with participation from Robot Ventures. Flood offers decentralized application (dApp) developers a suite of tools to streamline and monetize their order flow. With operational hooks, Flood provides a seamless user experience for settling transactions within the Flood ecosystem.
Driving Liquidity and User Experience in DeFi
As DeFi continues to embrace off-chain liquidity sources, Flood aims to enable developers to integrate optimal execution and swap prices into their dApps. By doing so, Flood keeps liquidity, applications, and users on-chain, enhancing the efficiency and appeal of DeFi platforms while maintaining transactional integrity within the blockchain ecosystem.
The Team Behind Flood
Flood’s Co-Founder and CEO, Francesco, brings extensive crypto experience as an engineer who has contributed to the development of blockchain-based products. Co-Founder Jan is an experienced developer in the crypto space and the author of Neuronika, a large rust machine learning library.
“Flood is committed to simplifying the complex world of blockchain trading through innovative means that have yet to be explored by traditional exchanges.”
Expansion Plans and Partnerships
Flood plans to use the new capital to expand its team and integrate with new blockchains and decentralized exchanges (DEXs). Currently operating on Arbitrum One, Flood will soon enter the Ethereum Mainnet, Base, and Optimism blockchains.
“Flood is quickly resonating as a mainstay for scalable and hyper-optimized order execution.”
About Flood Protocol
Flood’s protocol includes a liquidity aggregator, settlement contract, optimized solver, and logic-adding hooks. This toolkit allows developers to create a customized routing system for their specific needs. Since its launch in November 2023, Flood has facilitated over $1.3 million in volume across approximately 30,000 trades.
Hot Take: Empowering dApp Developers with Streamlined Order Flow
Flood’s seed funding round of $5.2 million marks an important milestone in the empowerment of decentralized application developers. By providing a suite of tools and seamless user experience, Flood enables developers to streamline, own, and monetize their order flow. With the integration of optimal execution and swap prices into dApps, Flood enhances liquidity and user experience within the DeFi ecosystem. The expansion plans and partnerships demonstrate Flood’s commitment to driving innovation in blockchain trading. As Flood continues to grow, it aims to be a leading solution for scalable and efficient order execution in the cryptocurrency space.
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