The startup develops applications for the decentralized web that utilize beta-neutral strategies to enhance capital efficiency in the decentralized finance ecosystem. By enabling users to achieve risk-adjusted yields, the platform mitigates the impact of market volatility and democratizes access to market-making opportunities.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
IVFounders
Product
Problem
Current decentralized exchanges (DEXs) often suffer from issues such as front-running, gas fees, slippage, and payment for order flow (PFOF), leading to unfair trading conditions and potential losses for users. Existing solutions often lack transparency and expose users to risks like rehypothecation and data leakage.
Solution
Deepwaters is a decentralized exchange that aims to provide a secure and equitable trading environment by addressing the shortcomings of conventional DEXs. The platform ensures confidentiality from order to execution, preventing front-running and MEV exploitation. Trades are processed on a cryptographically secure off-chain hardware layer, making them invisible to everyone, including Deepwaters, until posted to the order book. This approach combines the trustlessness and custody protection of DEXs with the speed, efficiency, and low fees of centralized exchanges.
Target Audience
The primary target audience includes cryptocurrency traders, market makers, and institutional investors seeking a transparent, secure, and efficient decentralized exchange with fair trading conditions.
Features
- Zero gas trading, eliminating transaction fees for users.
- Zero slippage, ensuring trades are executed at the expected price.
- Order flow encryption to prevent front-running and MEV.
- Resistance to payment for order flow (PFOF) and order internalization.
- Real-time auditing to verify fair and unbiased trade execution.
- Self-custody of assets, giving users complete control over their funds.
- Cross-chain exposure token (ZRB) collateralized by a diversified basket of blue-chip crypto assets.
- Governance through the WTR token, allowing holders to influence system parameters and development.