Fuel Network's DeFi protocol Spark has completed a $1.5 million pre-seed funding round, with participation from P2 Ventures and others

ChainCatcher news, according to official sources, the Fuel Network DeFi protocol Spark has announced the completion of a $1.5 million pre-seed funding round, with participation from P2 Ventures, Fuel, Curiosity Capital, chainyoda, and Unicorn Factory Ventures.

According to the Web3 asset data platform RootData, Spark is a perpetual contract order book trading platform built on the Fuel Network, based on a fully collateralized oracle. It introduces a multi-collateral cross-margin system, supporting diverse asset deposits and complex liquidation protocols for risk management. Spark features a high-performance order book and advanced tools to facilitate non-custodial interactions, attracting developers and traders seeking flexibility and enhanced trading capabilities.