Swaap Finance

Type

| Private
Industry| Decentralized Finance (DeFi), Cryptocurrency
Founded| 2021; 4 years ago (2021)
Founder|

* David Bouba
* Cyrille Pastour

Headquarters| Paris, Ile-de-France, France

Key people

* David Bouba (Founder)
* Cyrille Pastour (Founder)

Products| DeFi market-making protocol
Website| swaap.finance

Swaap Finance is a private company in the field of Decentralized Finance (DeFi) and cryptocurrency, founded in 2021 by David Bouba and Cyrille Pastour. The company is headquartered in Paris, Ile-de-France, France, and is known for its innovative DeFi market-making protocol.[1]

## Contents

* 1 History
* 2 Products and Services
* 3 Partnerships
* 4 Funding
* 5 Research
* 6 References
* 7 External links

## History[edit]

Swaap was founded in 2021 by Cyrille Pastour and David Bouba, with its headquarters located in Paris, France. The company emerged in the DeFi space with a focus on creating a more accessible and secure market-making protocol. In April 2023, Swaap closed a seed funding round of $4.5M to launch its version 2 protocol.[2] Swaap collaborates with leading market-making researchers from TradFi including Olivier Gueant and Louis Bertucci.[3]

## Products and Services[edit]

Swaap's protocol aims to minimize impermanent loss for liquidity providers in DeFi by using advanced market-making models and oracles for dynamic spread adjustments. The company launched its Swaap v2 in 2023, following a successful $4.5M fundraising campaign, providing enhanced security and market-making strategies.[4]

These models were developed in collaboration with the Louis Bachelier Institute, utilizing a specialized automated market maker (AMM) simulator. This simulator is at the forefront of Swaap’s v2 advancements, contributing to the improved performance and wider variety of token options available, including yield-bearing assets.

Moreover, the security of Swaap's protocol is a central feature, especially in the DeFi space where security concerns are prevalent. Swaap v2 has undergone thorough audits by leading providers such as ChainSecurity and Quantstamp.

## Partnerships[edit]

Swaap v2 is backed by Chainlink for price feeds and has partnerships with 1inch, Paraswap, and Odos for aggregation services. Swaap has also launched a research program "Decentralized Finance and Automated Market Makers" in partnership with Institut Louis Bachelier, a leading mathematical research centre in France.

## Funding[edit]

Swaap has raised $4.5M in a seed funding round led by Signature Ventures and including 16 other investors. Previously, it received non-equity assistance from AGORANOV.

## Research[edit]

* https://arxiv.org/pdf/2212.00336.pdf
* https://swaap.finance/v2-whitepaper.pdf
* https://swaap.finance/whitepaper.pdf

## References[edit]

1. ↑ Liu, Bessie (13 July 2023). "Upstart market maker Swaap goes live with new version on Ethereum, Polygon". Blockworks. Retrieved 21 November 2023.
2. ↑ "Swaap Closes $4.5M Seed Round and Announces Upcoming v2 Launch". Cointelegraph. 19 April 2023. Retrieved 21 November 2023.
3. ↑ "Swaap Closes $4.5M Seed Round and Announces Upcoming v2 Launch". Yahoo Finance. 19 April 2023. Retrieved 21 November 2023.
4. ↑ "DeFi: Swaap steps up a gear with V2". www.thebigwhale.io (in français). Retrieved 21 November 2023.

## External links[edit]

* Official website