aPriori Secures $20M to Revolutionize DeFi with High-Frequency Trading
aPriori, a San Francisco-based startup, has successfully closed a $20 million funding round, bringing its total funding to $30 million. The company, founded by experienced engineers from prominent financial institutions like Jump Trading, Coinbase, and Citadel Securities, is focused on bringing the speed and efficiency of high-frequency trading (HFT) to the world of decentralized finance (DeFi). This influx of capital signifies growing investor confidence in aPriori’s mission to enhance the performance and accessibility of digital asset markets, potentially impacting the burgeoning African crypto market.
How aPriori is Transforming DeFi
aPriori is building a specialized “execution layer” for on-chain markets, tackling critical inefficiencies prevalent in the crypto space. Their core aim is to address two primary challenges: wide spreads (the difference between the buying and selling prices of an asset) and maximal extractable value (MEV) leakage. These issues significantly impact trading efficiency and negatively affect liquidity providers, a vital component of any healthy market. aPriori’s technology aims to mitigate these losses and redistribute MEV rewards back to stakers, ultimately aligning incentives throughout the network. This approach is intended to create more attractive yields and foster a more robust and efficient DeFi ecosystem, offering potentially beneficial impacts on emerging markets, including the evolving tech and financial landscape in Africa.
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