stabble, a Dubai, UAE-based provider of a Solana-based protocol established to minimize financial loss by reducing operational costs, raised $2.5M in a combined pre-seed, seed, and private funding round.
The round was led by Masterblox with participation from Dynamic Labs, Founder Heads, Spicy Capital, DuckDAO, Marshland Capital, and ZEMU VC.
The company intends to use the funds for product development, marketing, security audits, exchange listings, and enhancing liquidity for its token and protocol.
Led by CEO Kilian Krings, stabble is a protocol innovating liquidity pools by introducing protocol-managed and arbitrage pools. This allows stabble to tackle critical issues prevalent within Solana’s decentralized exchanges, including low capital efficiency, impermanent loss, and high price impacts for traders. Additionally, its flexible liquidity pools enable pool owners to create custom pools with lower liquidity requirements, around 80% less.
After a 14-month devnet phase with over 40,000 active participants, stabble recently debuted its DEX mainnet for improved capital efficiency and risk management.
FinSMEs
05/08/2024