June 21 (Cointime) - Radius, a startup that aims to address the issues of centralized sequencing, has raised $1.7 million in pre-seed funding led by Hashed. The company is developing a trustless shared sequencing layer called Practical Verifiable Delay Encryption (PVDE) that encrypts transactions and eliminates the need for trust in sequencers. Radius is also creating a decentralized exchange called 360 that will protect users from front-running bots and sandwich attacks. The company plans to release an early version of its sequencing layer solution in early 2022.