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Flood Raises $5.2 Million Seed Round to Democratize Ethereum’s Order Execution Led by Bain Capital Crypto

Press Releases Crypto News CryptoDaily UK Flood Raises $5.2 Million Seed Round to Democratize Ethereum’s Order Execution Led by Bain Capital Crypto

SAN FRANCISCO, United States, February 8th, 2024, Chainwire

Flood is enabling dApp developers to streamline, own, and monetize their order flow.

Flood, a protocol for order routing, management, and settlement, announced today its $5.2M seed funding round led by Bain Capital Crypto with participation from Archetype and Robot Ventures.

Flood provides decentralized application (dApp) developers with a suite of tools for owning and managing the entire lifecycle of their application’s order flow. As the only decentralized exchange (DEX) currently available on the market with operational hooks, the user experience allows traders to quickly settle their transactions while seamlessly staying within the Flood ecosystem.

In the constant pursuit of better prices and better UX, DeFi’s acceptance of off-chain liquidity sources has been growing. By enabling a new wave of developers to easily integrate optimal execution and swap prices into their dApps, Flood aims to keep liquidity, applications, and users on-chain. This approach not only enhances the efficiency and appeal of DeFi platforms but also aligns with the decentralization ethos by maintaining transactional integrity within the blockchain ecosystem.

Flood’s Co-Founder and CEO, Francesco, is an engineer by training and has extensive crypto experience. Having worked as a software engineer at UMA, he has contributed to the development of fundamental blockchain-based products throughout his career. Additionally, Flood’s Co-Founder, Jan, is an experienced developer within the crypto space. Jan is the author of Neuronika, a large rust machine learning library.

“Democratization of liquidity and settlement is the next step in a fully accessible cryptocurrency ecosystem,” said Francesco. “Flood is committed to simplifying the complex world of blockchain trading through innovative means that have yet to be explored by traditional exchanges. We hope that our technology will be a stepping stone into the future adoption of digital assets.”