OKX Ventures, the investment arm of OKX, the second-largest crypto exchange by trading volume, has revealed its recent investments in three groundbreaking projects. The May Report released by OKX Ventures highlights its financial backing for Prisma Finance, Rage Trade, and Shutter Network, which focus on liquid staking tokens, decentralized derivatives, and mitigating malicious activity in the blockchain ecosystem.
Investments in Innovative Crypto Projects
Prisma Finance is a decentralized finance (DeFi) project that aims to unlock the full potential of Ethereum liquid staking tokens (LSTs). By leveraging LSTs, Prisma Finance enables users to mint stablecoins known as acUSD, which are fully collateralized by LST. This innovative approach offers users increased liquidity and opportunities to participate in the growing DeFi ecosystem.
Rage Trade, another project supported by OKX Ventures, is a decentralized derivatives trading protocol available on both the Ethereum and Arbitrum mainnets. It empowers users with the ability to trade ETH perpetual swaps, utilizing up to 10x leverage. The platform’s decentralized nature ensures transparency and reduces counterparty risk, providing traders with a secure and efficient environment.
Additionally, OKX Ventures has invested in Shutter Network, an open-source project with a crucial objective of preventing malicious Maximal Extractable Value (MEV) and front-running activities on the Ethereum network. By addressing these challenges, Shutter Network aims to enhance the overall security and fairness of the Ethereum ecosystem, promoting trust and confidence among participants.
Facilitating the Growth of Blockchain Companies
OKX Ventures has established a strong track record over the past two years, investing in 300 projects across five continents with a fund size of approximately$1 billion. The investment arm focuses on identifying and supporting cutting-edge blockchain innovations, seeking projects that demonstrate long-term value and contribute to the healthy development of the global blockchain industry.
Through its commitment to supporting entrepreneurs and the blockchain community, OKX Ventures facilitates the growth of innovative companies by providing global resources and leveraging its historical experience in the blockchain space. By actively supporting entrepreneurs who drive the development of the blockchain industry, OKX Ventures fosters innovation and brings valuable resources and experience to blockchain projects.
OKX Ventures serves as the investment arm of OKX, a prominent Web3 technology company and the second-largest crypto exchange globally in terms of trading volume. With an initial capital commitment of $100 million, OKX Ventures aims to explore the most promising blockchain projects worldwide. The investment arm supports cutting-edge blockchain technology innovation and contributes to the healthy growth of the global blockchain industry by investing in projects that provide long-term structural value.
