The perpetual contract DEX protocol D8X has completed a $1.5 million pre-seed round of financing, led by Polygon Ventures

ChainCatcher news, the perpetual contract DEX protocol D8X on Polygon has completed a $1.5 million pre-seed funding round, led by Polygon Ventures, with participation from Axelar Network, Swissborg Ventures, Cogitent Ventures, Veris Ventures, G1 Ventures, Pragma Ventures, CryptoDiscover, and others.

D8X is an institutional-grade perpetual contract DEX protocol on Polygon zkEVM, aimed at bringing DeFi to institutional investors. Currently, D8X has launched on the Polygon testnet, with collateral assets being USDC or MATIC, and the order types offered include market and limit orders, with AMM as the counterparty for each transaction.