Polygon-based perpetual futures decentralized exchange, D8X, has secured $1.5 million in pre-seed funding, with Polygon Ventures leading the investment. D8X aims to bridge the gap between institutional investors and the decentralized finance (DeFi) space, specifically for crypto derivatives trading. The protocol plans to address the demand among big banks and hedge funds for crypto derivatives, leveraging the transparency, self-custody, and improved risk management offered by DeFi.
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Perp DEX Protocol D8X Raises $1.5 Million in Pre-Seed Funding to Bridge Institutional Investors to DeFi
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