June 27, 2024 — Fenix Finance has successfully closed a $300,000 seed funding round led by Layer 3 protocol Orbs. This funding will support the development of Fenix’s unified trading and liquidity marketplace on the Blast network. Orbs' investment strengthens its existing partnership with Fenix, enhancing its role as a technology partner. Fenix is set…
Introduction
Decentralised finance (DeFi) at its core is fundamentally reliant on decentralised exchanges (DEXs). These pieces of web3 infrastructure are the arbiters of liquidity, facilitating the exchange of cryptocurrencies. Most of these DEXs, being reliant on automated market makers (AMMs), decide which price ranges to allocate liquidity towards in a token pool. The more accurate…