The decentralized derivatives platform Surf Protocol announced the completion of a $3 million financing round, led by ABCDE Capital

The decentralized derivatives exchange Surf Protocol announced the completion of a $3 million financing round, led by ABCDE Capital, with participation from OP Crypto and C2 Ventures. The new funds will be used to develop a permissionless Perp DEX (perpetual contract decentralized exchange) based on the Base network.

It is reported that Surf Protocol is developing a solution to address the limited range of tradable assets in the Perp DEX market. The compatibility liquidity provision framework created by Surf Protocol, with its unique AMM structure, offers liquidity providers (LPs) more options to balance returns and risks.