The SakePerp protocol has successfully completed the first phase of the Market Maker liquidity fundraising round. The capital will be used for liquidity provision on the SakePerp protocol. SakePerp utilizes an innovative Dynamic Market-Making mechanism (DMM), which provides tiered liquidity position management based on the risk appetite of each market maker.
SakePerp has successfully closed a $3 million fundraising round. Participating investors include GBV, CMS, Future Fund, Longling Capital, MGNR, Digital Renaissance Foundation, and others.
SakePerp.fi is the first perpetual contract protocol built on the Binance Smart Chain (BSC) with an automated market-making (AMM) model. Leveraging vAMM + Oracle price discovery mechanism, SakePerp significantly reduces funding rates. SakePerp.fi also supports a dynamic market-making (MM) mechanism that can dramatically increase market-making liquidity efficiency by up to 4,000 times. SakePerp will soon hold its second Trading Competition on testnet, with mainnet expected in May, stay tuned for the latest announcement!