Surf Protocol completes US$3 million in financing, led by ABCDE Capital

Odaily News Surf Protocol received US$3 million in financing, led by ABCDE Capital, with participation from OP Crypto and C2 Ventures. It is reported that the financing will be used to develop a permissionless Perp DEX (perpetual contract decentralized exchange) based on the Base network. The goal of Surf Protocol is to provide users with a richer variety of tradable Perp assets while reducing user transaction wear. The compatible liquidity provision framework created by Surf Protocol, with its unique AMM structure, provides liquidity providers (LPs) with more options to balance returns and risks. This unique framework paves the way for the creation of various liquidity curves tailored to the unique characteristics of different assets. (Cointelegraph)