According to official sources, market maker agreement Swaap is about to be launched on the Arbitrum network.Earlier in April, Swaap announced the completion of a $4.5 million seed round financing, led by Signature Ventures, with participation from New Form Capital, C²Ventures, Kima Ventures, Pareto Ventures, Entrepreneur First, as well as angel investors Julien Bouteloup (Stake Capital), Pascal Gauthier (Ledger CEO), Richard Ma, Meltem Demirors (Coinshares CSO), Frederic Montagnon (Arianee co-founder) and Thibaud Elzière (eFounders CEO).<br>It is reported that Swaap aims to build the next generation of market-making protocols, which use a combination of oracles and dynamic spreads to achieve sustainable returns and reduce transaction costs.

Market maker agreement Swaap announced that it will go live on Arbitrum, and the team is currently running the latest tests before release.