Paradigm leads $7.6 million seed funding round for perp DEX aggregator Liquid

Liquid, a crypto startup that aggregates multiple decentralized perpetual futures exchanges (like Hyperliquid, Lighter, and Ostium) into a single non-custodial application, has successfully raised $7.6 million in a seed funding round. The round was led by Paradigm, with participation from General Catalyst and several angel investors, including Ashwin Ramachandran and Eric Wu. The funding was structured as equity and closed quickly in March.

Liquid's platform aims to provide a unified frontend experience, allowing traders to manage all positions in one place, offering institutional-grade infrastructure to retail users. Founder Franklyn Wang, formerly of Two Sigma, noted the app is mobile-first and sends liquidation alerts. Liquid generates revenue by taking a small fee on top of trades and has already facilitated over $500 million in volume since its recent launch. The platform also offers yield vaults and integrates point-based reward systems.

(Source：The Block)