Swaap Finance
History
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. Swaap collaborates with leading market-making researchers from TradFi including Olivier Gueant and Louis Bertucci.[1]
Products and Services
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.[2]
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
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.[3]
Funding
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. [4]
Research
https://arxiv.org/pdf/2212.00336.pdf
https://swaap.finance/v2-whitepaper.pdf
https://swaap.finance/whitepaper.pdf
References
- ↑ "YahooFinance". https://finance.yahoo.com/news/swaap-closes-4-5m-seed-054042278.html.
- ↑ "BlockWorks". https://blockworks.co/news/swaap-ethereum-polygon.
- ↑ "The Big Whale". https://en.thebigwhale.io/article-en/DeFi-Swaap-steps-up-a-gear-with-V2.
- ↑ "Coin Telegraph". https://cointelegraph.com/press-releases/swaap-closes-45m-seed-round-and-announces-upcoming-v2-launch.
