USA – Orderly Network, a NYC-based permissionless, decentralized exchange protocol built on NEAR, completed a US$20 million strategic round of financing.
Backers included Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures, and MetaWeb.VC, as well as a group of strategic partners. Founded in April 2022, Orderly Network is a permissionless, decentralized exchange protocol and modular ecosystem built on top of NEAR. It uses an on-chain order book to provide a platform complete with a risk engine, matching engine, and shared asset pools for dApps to build on top of. Orderly Network’s on-chain order book exchange is built for composability, providing a platform for modular dApps to build and utilize, enabling financial instruments such as: spot trading, margin trading, perpetual swaps, lending, and borrowing. The company intends to use the funds to focus on recruitment across all key functions, develop and enhance new and existing products, while growing the Orderly ecosystem and establishing partnerships along the way. To further enhance liquidity, Orderly Network will launch community lending pools where token holders are able to lend assets to market makers while enjoying a single-sided liquidity provision with sustainable yields.Orderly Network is incubated by NEAR and WOO Network. 09/06/2022
