SithSwap is a next-generation automated market maker (AMM) built on StarkNet that offers instant volatile and stable swaps with ultra-low slippage, near-zero gas fees and the security of Ethereum. The protocol will natively support pool gauges, bribes and protocol rewards that can be locked in exchange for voting power to govern future protocol emissions and third-party incentives. The company is based in Road Town, British Virgin Islands. SithSwap plans to use the new funding to expand its talent pool by hiring Cairo developers and to expedite deployment of its core AMM contracts to the StarkNet Alpha Mainnet. Financially, SithSwap raised $2.65M in this round at a $25M valuation.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2022