Increment is a decentralized, algorithmic perpetual futures protocol building on zkSync 2.0, empowering on-chain global exchange rate and crypto derivatives trading.
Seed Round $1.56M
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What is Increment
The Increment protocol utilizes pooled virtual assets and Curve V2’s CryptoSwap AMM as the trading engine to enable multi-currency perpetual swaps on zkSync 2.0.
Using a variety of crypto assets or yield-bearing assets as collateral, users can long or short global exchange rates with leverage, provide liquidity in exchange for fees, and much more — all carried out in a distributed and algorithmic fashion.
Increment’s perpetual swaps not only expand beyond the existing DeFi primitives on zkSync, but also offer a composable DeFi infrastructure intended to integrate with leading DeFi protocols and efficiently mitigate embedded foreign exchange rate risks for non-USD participants.
DetailsRaised: 1,560,000 USD
LegalBlockchain Platform: Ethereum
Registration year: 2022
Token infoType: Utility-token