Odaily News According to official news, Whetstone announced the completion of a US$1.3 million Pre-Seed round of financing, with participation from Variant, Nascent, Credibly Neutral, Uniswap Ventures, Ambush, Figment and several angel investors.
At the same time, Whetstone launched the Doppler protocol, allowing projects to bootstrap liquidity without the need for middlemen or market makers. This audited, permissionless infrastructure layer allows more value to flow to token projects, enables deeper Uniswap integration, and reduces MEV that harms all users of the protocol. This is achieved through a complex on-chain auction mechanism that anyone can participate in with just a few lines of code. The code is public, has been extensively audited, and is live on Unichain.
In addition, the team will launch the first application on Doppler, Pure, a front-end for accessing Doppler for creating any type of token as well as exchanging and exploring markets, built by a team of Uniswap core contributors.