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Singapore, Singapore, 7th January, 2022, Chainwire
ClearDAO announced its project token CLH will list on KuCoin on Jan 7th 13:00 UTC. The CLH/USDT trading pair will become available to users of the exchange. ClearDAO is the first KuCoin Spotlight project of 2022.
ClearDAO has raised 3 million dollars in seed and private sales. Strategic investors include Huobi Ventures, LD Capital, KuCoin Labs, WOO Ventures, Gate.io, Redline DAO, VRM, StillWater Research and others.
ClearDAO is building a decentralized crypto derivatives factory to provide developers with SDK and tools to accelerate the development of crypto derivatives and marketplaces. To date, the project has completed the template development of options, notes, perpetual futures, and CDS. The project has a multi-blockchain strategy and already supports Ethereum, BSC, Solana, and Arbitrum.
Compared to traditional finance, the derivatives sector in the crypto industry is in its infancy. The 3 major pain points are:
As DeFi matures and institutions embrace crypto, ClearDAO believes the market share of derivatives will increase for the foreseeable future. By enabling developers to create bespoke derivatives and lowering the barrier of entry, ClearDAO is accelerating the growth of the derivatives sector.
User experience is a core focus at ClearDAO. The project has launched a proof-of-concept barrier trading marketplace on several testnets a month ago. Since then, over 3000 participants have tried the marketplace and provided user feedbacks. ClearDAO aims to provide a clean and simple user interface so users can intuitively complete the trades they wish to execute.
According to project
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