Decentralized Finance (DeFi) platform Flood has secured $5.2 million in seed funding to empower dApp developers with complete control and monetization of their order flow.
Led by Bain Capital Crypto and Archetype, this funding round highlights Flood’s unique value proposition: offering a suite of tools for dApp developers to manage and earn from their application’s trading activity.
Key Features for Developers:
- Own Your Order Flow: Flood grants developers complete ownership of their application’s transaction flow, unlike traditional DEXs where control rests with external platforms.
- Seamless Monetization: Developers can directly capture revenue from their order flow, creating a sustainable financial model for their dApps.
- Optimal Execution: Flood’s innovative routing and aggregation technology ensures users get the best possible trade prices within the Flood ecosystem.
- Gasless Trading: Users can enjoy fee-free transactions thanks to Flood’s efficient settlement system.
- Customization: Developers can tailor Flood’s tools to their specific needs, creating a unique trading experience for their users.
FloodSwap: A Practical Example
FloodSwap, Flood’s built-in DEX, showcases the platform’s capabilities. Users have already saved thousands of dollars on transactions compared to other DEXs.
Expansion Plans:
Flood is currently available on Arbitrum One and plans to expand to Ethereum Mainnet, Base, and Optimism in early 2024, offering its benefits to a wider developer and user base.
Team Expertise:
Led by experienced engineers Francesco (ex-UMA) and Jan (creator of Neuronika), Flood boasts a team with deep blockchain and development expertise.
Flood’s mission is to revolutionize DeFi by empowering developers and promoting on-chain liquidity. With its innovative technology and growing ecosystem, Flood is poised to play a significant role in the future of decentralized finance.
