TechFlow news — Particle, a permissionless leveraged trading platform, announced the completion of its seed round led by Polychain Capital, with participation from Nascent, Inflection, Neon DAO, Naveen Jain, Arthur Hayes, DCF God, Sam Williams, Kalos, Richard Ma, Palmer, and vxCozy. The funding amount was not disclosed.
Particle is developing the Leverage AMM (LAMM) protocol, which uses a revolutionary architecture to enable risk-free, oracle-free, and non-liquidatable leveraged trading for any token. Similar to Uniswap, Particle aims to make leveraged trading accessible for any token. The team consists of builders and researchers from AI institutes such as MIT, CMU, and UofT, who have previously worked at Google, Meta, Microsoft, and startups that shaped Web2 and Web3. The project is currently in Alpha testing, being built together with the community, with testing scheduled to conclude on January 19, 2024.
