Flood Raises $5.2 Million Seed Spherical to Democratize Ethereum’s Order Execution Led by Bain Capital Crypto and Archetype

[PRESSS RELEASE – SAN FRANCISCO, United States, February 8th, 2024]

Flood is enabling dApp builders to streamline, personal, and monetize their order move.

Flood, a protocol for order routing, administration, and settlement, introduced right now its $5.2M seed funding spherical co-led by Bain Capital Crypto and Archetype, with participation from Robotic Ventures. Flood supplies decentralized software (dApp) builders with a set of instruments for proudly owning and managing your entire lifecycle of their software’s order move. As the one decentralized alternate (DEX) at present obtainable in the marketplace with operational hooks, the person expertise permits merchants to rapidly settle their transactions whereas seamlessly staying inside the Flood ecosystem.

Within the fixed pursuit of higher costs and higher UX, DeFi’s acceptance of off-chain liquidity sources has been rising. By enabling a brand new wave of builders to simply combine optimum execution and swap costs into their dApps, Flood goals to maintain liquidity, purposes, and customers on-chain. This method not solely enhances the effectivity and attraction of DeFi platforms but additionally aligns with the decentralization ethos by sustaining transactional integrity inside the blockchain ecosystem.

Flood’s Co-Founder and CEO, Francesco, is an engineer by coaching and has intensive crypto expertise. Having labored as a software program engineer at UMA, he has contributed to the event of elementary blockchain-based merchandise all through his profession. Moreover, Flood’s Co-Founder, Jan, is an skilled developer inside the crypto area. Jan is the creator of Neuronika, a big rust machine studying library.

“Democratization of liquidity and settlement is the subsequent step in a completely accessible cryptocurrency ecosystem,” stated Francesco. “Flood is dedicated to simplifying the advanced world of blockchain buying and selling by progressive signifies that have but to be explored by conventional exchanges. We hope that our know-how will likely be a stepping stone into the longer term adoption of digital property.”

“We’re extraordinarily impressed with the analysis and engineering behind Flood’s router,” stated Alex Evans, Accomplice at Bain Capital Crypto. “Flood makes optimum buying and selling very simple for builders to combine into any software. We’re excited to accomplice with the workforce as they make one of the best value obtainable to everybody.”

Flood will likely be utilizing the brand new capital to develop their workforce and develop their integrations with new blockchains and DEXs. At present working on Arbitrum One, Flood will enter the Ethereum Mainnet, Base, and Optimism blockchains in early 2024.

“Flood is rapidly resonating as a mainstay for scalable and hyper-optimized order execution, and democratizing environment friendly entry to capital for every type of builders and customers,” stated Ash Egan, Founder at Archetype. “We’re ecstatic to publicly announce our partnership with Francesco and the Flood workforce alongside our pals at Bain Capital.”

Customers can be taught extra about Flood, please go to flood.bid.

About Flood

Flood’s protocol — composed of an progressive liquidity aggregator, settlement contract, internally constructed heavily-optimized solver, and logic-adding hooks — equips builders with a customizable toolkit for creating the optimum routing system for his or her particular wants. Flood has seen over $1.3 million of quantity throughout ~30,000 whole trades because it went dwell in November 2023.

With nearly zero preliminary configuration, builders can start utilizing Flood to monetize their software’s order move and supply their customers with gasless buying and selling, optimum routing, and the absolute best execution high quality. Flood’s Optimum Fulfiller can also be usable by way of their DEX, FloodSwap, which has already netted merchants a number of 1000’s of {dollars} in surplus.The protocol is at present dwell on Arbitrum One and is coming to Ethereum Mainnet, Base, and Optimism in early 2024.

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