DEX Krypton is a remote DEX led by CEO Michael Nowotny that aims to improve trade execution for crypto traders using a continuous batch auction mechanism for price discovery. The auction design is intended to reduce slippage and provide protection against Maximal Extractable Value (MEV) and impermanent loss, which the article cites as having cost traders over $650 million since 2020. Krypton leverages Chainlink’s Decentralized Oracle Network (DON) for significant off‑chain computational power via its “Krypton Compute” mechanism, moving complex computations off‑chain to lower costs for traders and create fee opportunities for Chainlink node operators. The company also plans to advance DeFi trading as a partner protocol on Chainlink’s Cross‑Chain Interoperability Protocol (CCIP) to enable faster, more efficient cross‑chain transactions. Financially, Krypton raised $7M in Seed funding and intends to use the proceeds to launch its exchange in Q1 of 2023 and to invest in engineering, research, marketing, and community development.

Total raised

$7M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2022