Kuru is building a fully on-chain orderbook DEX on the Monad Layer 1, aiming to offer tighter spreads and greater capital efficiency than AMMs by enabling limit orders and market-maker-friendly tooling. The protocol is designed to allow market makers to place and cancel limit orders at a low, constant gas cost and to enable passive liquidity provision for long-tail assets. Kuru's team argues the order book model can address AMM limitations like high slippage and underutilized liquidity, and it aims to support both liquid and long-tail assets while keeping liquidity provision simple. The product is being prepared to launch on the Monad testnet, leveraging Monad’s high throughput and quick block times. Kuru emerged from stealth and is preparing for audits ahead of that testnet launch. Financially, the project has closed a $2 million seed round to grow the team and advance development.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2024