Day 7 for Contribute-DAO

Today we’ll talk about Shogun.

Shogun raised $6.9M with a valuation of $69M led by Polychain Capital, followed by many other prestigious VCs and angels. They also participated in Binance Lab’s S6 incubation program and received investments.

Shogun’s cross-chain market making modules offer superior UX for traders and LPs in that the complexities of cross-chain bridging and liquidity management are removed for the individual. Our flagship product, the DIMM (decentralised interchain market maker) uses IBC and interchain accounts (ICA) to run automated logic for dynamic rebalancing strategies by utilizing any available on-chain liquidity for hedging, and LPs can set and forget while earning fees and rewards.

Founder of contribute-dao | Cofounder of Toaster Finance | 
DeFi & Healthcare | 
Trying to ask better questions