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Kuru Labs Secures $11.5 Million Led by Paradigm to Build Hybrid Decentralized Exchange

Summary: Kuru Labs, a decentralized exchange, has received a $11.5 million investment led by Paradigm to build a new type of decentralized exchange that combines automated market maker (AMM) and centralized order book (CLOB) architectures on the Monad blockchain. Kuru utilizes default AMM strategies to provide basic liquidity for each order book, aiming to enhance on-chain ...

Kuru Labs, a decentralized exchange, has received a $11.5 million investment led by Paradigm to build a new type of decentralized exchange that combines automated market maker (AMM) and centralized order book (CLOB) architectures on the Monad blockchain. Kuru utilizes default AMM strategies to provide basic liquidity for each order book, aiming to enhance on-chain trading flexibility and depth.

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