News linked to both this project and an event.
The LayerZero research team, in collaboration with Oblivious Labs and researchers from Carnegie Mellon University, has published a paper introducing OTTER, a novel automated market maker mechanism designed to enhance resilience against maximum extractable value (MEV). OTTER employs a batch clearing mechanism modeled after Vickrey-Clarke-Groves (VCG) auctions, making truthful reporting of valuations and budgets a dominant strategy for traders, while diminishing block builders' ability to profit from transaction ordering, sandwich attacks, or injecting false bids.
blockchain trading platform Ekiden has announced the completion of a $2 million seed funding round, led by Unicorn Factory Ventures and P2 Ventures. The round also attracted participation from angel investors who have previously invested in projects such as GSR, Pyth, Aptos, LayerZero, and Cube Exchange. It is reported that Ekiden is valued at $20 million. The company is dedicated to bringing institutional-grade trading on-chain, providing efficient and secure trading solutions through blockchain technology. (TechFundingNews)
Blockworks has announced the completion of a Series A extension funding round, achieving a post-money valuation of $192 million. The round was co-led by ParaFi Capital and Reciprocal Ventures, with support from Coinbase Ventures, MoonPay Ventures, and several other institutions and industry participants. The funding also attracted investments from over 20 founders and operators of ecosystem projects including Solana, LayerZero, Arbitrum, and Kraken, though the specific amount raised has not been disclosed.The company stated that while the crypto market has grown to a trillion-dollar scale lacking traditional capital market infrastructure, it still faces issues such as fragmented data, inconsistent disclosure standards, and a lack of investor communication mechanisms. Blockworks aims to fill this gap through a "data + disclosure + investor relations" tripartite architecture. (CNBC)