{"id":15980,"date":"2022-01-04T17:58:26","date_gmt":"2022-01-04T16:58:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=15980"},"modified":"2022-01-04T17:58:31","modified_gmt":"2022-01-04T16:58:31","slug":"liquidity-providing-platform-woo-network-raises-12m-from-funding-led-by-binance-labs","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/liquidity-providing-platform-woo-network-raises-12m-from-funding-led-by-binance-labs\/","title":{"rendered":"Liquidity providing platform Woo Network raises $12M from funding led by Binance Labs"},"content":{"rendered":"\n
Binance labs lead a $12M Series A funding round for Woo Network<\/a>, a decentralized finance (DeFi) providing liquidity to platforms such as DYdX, Matcha, ParaSwap, 1inch, and Dodo. <\/h5>\n\n\n\n
\"Liquidity<\/figure><\/div>\n\n\n\n

Woo Network, which was founded by Kronos Research, a leader in quantitative trading\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, has received a $12 million strategic investment in a Series A+ funding round headed by Binance Labs. Binance Labs announced the new money on Tuesday, adding to Woo Network's $30 million Series A funding round.<\/p>\n\n\n\n

Institutions, exchanges, trading teams, wallets, and decentralized apps all benefit from Woo Network's liquidity. The DeFi platform supports the following protocols: DYdX, Matcha, ParaSwap, 1inch, and Dodo. <\/p>\n\n\n\n

Thanks to algorithmic aggregation and trading techniques, Woo claims to be able to deliver low-cost liquidity. Clients can utilize the API or Woo X, the network's own trading interface, to help with liquidity.<\/p>\n\n\n\n

Woo Network began providing liquidity on the Binance Smart Chain<\/a> (BSC) last year, according to the statement. Binance, according to Woo Network's chief of ecosystem development Ran Yi, has the biggest volume and user concentration.<\/p>\n\n\n\n

“Being able to formalize our connection with Binance would enable us to significantly accelerate our growth by collaborating with Binance across all of their industry verticals,” he added.<\/p>\n\n\n\n

The new cooperation, according to Binance Labs investment director Peter Huo, would broaden future collaborations on BSC.<\/p>\n\n\n\n

In 2021, Binance Labs, the largest crypto exchange by volume's venture capital and incubation arm, led a number of investment deals in the DeFi ecosystem, including a $2.4 million funding round for Polkadot-based smart contract platform Plasm Network and a $60 million funding round for cross-chain protocol Multichain<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance labs lead a $12M Series A funding round for Woo Network, a decentralized finance (DeFi) providing liquidity to platforms such as DYdX, Matcha, ParaSwap, 1inch, and Dodo. Woo Network, which was founded by Kronos Research, a leader in quantitative trading , has received a $12 million strategic investment in a Series A+ funding round […]<\/p>\n","protected":false},"author":12,"featured_media":15981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[73],"tags":[5521,5775,5643,5679,6326,6325],"class_list":["post-15980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-news","tag-binance-2","tag-bsc-2","tag-defi-2","tag-funding-2","tag-liquidity-2","tag-woo-network"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/image-13.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/15980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=15980"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/15980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/15981"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=15980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=15980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=15980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}