Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Sunday, June 1
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » SithSwap Secures $2.65M Seed Funding Led By Lemniscap
Investment & Funding

SithSwap Secures $2.65M Seed Funding Led By Lemniscap

SithSwap will leverage StarkNet's advanced ZK-rollup technology for stableswaps with ultra-low slippage and near-zero gas fees.
Ravi KumarBy Ravi KumarJune 22, 2022Updated:June 22, 2022No Comments2 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
SithSwap Secures $2.65M Seed Funding Led By Lemniscap
SithSwap Secures $2.65M Seed Funding Led By Lemniscap
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

SithSwap, a next-gen AMM on StarkNet, has raised $2.65 million at a $25 million valuation in a seed funding round led by Lemniscap.

The seed funding round also attracted participation from Big Brain Holdings, GSR, DWeb3 Capital, Ghaf Capital Partners, as well as angel investors Anthony Beaumont and Etienne Royole.

SithSwap plans to use the seed capital raised to expand its talent pool by hiring talented Cairo developers, and expedite the deployment of the core AMM contracts to the Starknet Alpha Mainnet.

StarkNet — a permissionless, decentralised Layer-2 network built over Ethereum that delivers cutting-edge ZK-rollup technology — has been gaining traction through enabling developers to build decentralised applications that are both secure and scalable. However, despite StarkNet’s potential and popularity, advanced stableswap AMMs are currently missing from its ecosystem.

SithSwap seeks to bridge this gap by building early on StarkNet and providing instant volatile and stableswaps with ultra-low slippage and near-zero gas fees.

Sidius, Founder of SithSwap, said:

“Our passionate team is fueled by a strong resolve to build out the next generation of DeFi at the final frontier of Ethereum, powered by StarkNet’s groundbreaking ZK-rollup technology. With the collective strength and resolve of our Solidity and Cairo engineers, we believe that SithSwap can comprehensively address the pressing need for a next-gen, easy-to-build-on AMM for the flourishing Starknet ecosystem.”

As a hybrid-engined AMM, SithSwap seamlessly integrates both the stableswap and constant-product engines to offer users extremely low slippage on tightly correlated asset pairs, without renouncing the familiarity and ease of integration provided by the timeless Uniswap V2 contract design and architecture.

By leveraging StarkNet’s ZK-rollup technology, SithSwap will also be able to provide all of the above at near-zero gas fees for end users as well as 3rd-party protocols seeking a battle-tested AMM to build on top of.

SithSwap also recently signed on with Nethermind for a full Cairo audit (2500 LoCs) of its AMM codebase — reiterating its firm and critical commitment to security and safeguarding users’ assets.

Nethermind is the leading Cairo smart contract auditor and one of the closest and earliest technical partners of StarkWare, having built core StarkNet infrastructure such as the Solidity-to-Cairo Warp transpiler and the Voyager block explorer.

Read Also: Atmos Labs Raises $11M Seed Financing To Build P2E Metaverse

Lemniscap Seed Funding SithSwap StarkNet
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
Ravi Kumar
  • X (Twitter)
  • LinkedIn

Ravi is Founder and Chief Content Officer of AlexaBlockchain. He writes about everything at the cross-section of blockchain, crypto, AI, markets, and the economy. Ravi can be reached at ravi@alexablockchain.com

More AlexaBlockchain

VOYA Games Raises $5M Co-led by 1kx, Makers Fund

May 21, 2025

Animoca Brands Invests in Astar to Boost Sony’s Web3 Entertainment Push

May 21, 2025

Antix Raises $8.2M to Launch Tokenized Digital Humans

May 14, 2025

SOL Strategies Inks $500M Deal with ATW Partners

April 23, 2025

RedotPay Raises $40M in Series A Funding Led by Lightspeed

March 17, 2025

YZi Labs Invests in Tensorplex Labs to Supercharge the Development of Decentralized AI

March 6, 2025
Add A Comment

Comments are closed.

Don't Miss

QFSCOIN Launches Affordable Cloud Mining Contracts to Democratize Bitcoin Access

Liquidium Launches Cross-Chain Bitcoin Lending Without Wrapped Tokens or Bridges

Katana Launches High-Yield DeFi Blockchain Backed by GSR and Polygon Labs

Sony’s Soneium Brings Viral Telegram Game Sleepagotchi to 200M Users via LINE

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.