Table of Contents Categories
  • Companies established in 2021
  • Cryptocurrencies
  • Companies of France
    •   Encyclosphere.org ENCYCLOREADER
      supported by EncyclosphereKSF

    Swaap Finance

    From Wikitia - Reading time: 3 min
    Swaap Finance
    Private
    IndustryDecentralized Finance (DeFi), Cryptocurrency
    Founded2021; 3 years ago (2021)
    Founder
    • David Bouba
    • Cyrille Pastour
    HeadquartersParis, Ile-de-France, France
    Key people
    • David Bouba (Founder)
    • Cyrille Pastour (Founder)
    ProductsDeFi market-making protocol
    Websiteswaap.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]

    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]

    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]

    Licensed under CC BY-SA 3.0 | Source: https://wikitia.com/wiki/Swaap_Finance
    30 views | Status: cached on July 03 2024 09:31:43
    ↧ Download this article as ZWI file
    Encyclosphere.org EncycloReader is supported by the EncyclosphereKSF