2026-01-10 14:32:10

A certain emerging DeFi protocol just closed a $4 million raise, notably oversubscribed at $2.5M. The market clearly sees something interesting here.

Their Phase 1 roadmap is solid: building out pricing infrastructure and indices for illiquid assets. Essentially, they're tackling a real problem—perps that don't implode when liquidity dries up. Anyone who's traded thin-market instruments knows how brutal poor price discovery can be. Slippage kills your P&L, and volatility becomes impossible to predict.

This team seems to get it. Rather than just another generic perp exchange, they're focused on the unsexy but critical infrastructure layer: how do you actually price and hedge assets that don't have deep order books? That's the kind of infrastructure play that can quietly become indispensable.

DEFI4,72%

PERP1,79%

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VitalikFanAccount

· 01-10 14:52

Infrastructure is indeed easy to overlook, but this is the kind of project that can truly survive.

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orphaned_block

· 01-10 14:36

Liquidity dries up without liquidation; this is true technical skill, everything else is superficial.

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RunWithRugs

· 01-10 14:36

Hey, actually, projects in infrastructure are the ones that can truly survive, not those flashy exchanges. Wait, oversubscribed at 2.5M, is that raised 4M or 2.5M? I'm a bit confused. Honestly, assets with poor liquidity are indeed a trap. How many people have been burned by those layered contracts? If this guy can really solve this issue, he’ll quietly make a fortune. But on the other hand, it’s another grand vision. Let’s see if they launch any actual products in the second half of the year. I bet five bucks there will be no progress next month.

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OfflineNewbie

· 01-10 14:32

Ha, another infrastructure project, this time focusing on asset pricing with poor liquidity? Sounds very practical, unlike those who blow air all day long. --- The moment liquidity dries up can really bankrupt someone; I've been through that loss... --- Raised 4 million over the target to 2.5 million, this number does indicate something, but whether infrastructure projects can explode still depends on subsequent execution. --- Betting that this will become the next essential infrastructure, or it will be a failed project—there's no middle ground. --- Actually, these unglamorous things tend to survive the longest, after all, no one chooses infrastructure just for stimulation. --- Really want to see how they solve the price discovery problem in a thin market; it sounds easy but is hard to implement.

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