The startup offers a crypto trading platform featuring a unique automated market maker (AMM) structure that allows Liquidity Providers to optimize their fee earnings while enhancing their order matching positions. This platform supports a diverse range of perpetual trading assets with low transaction fees, enabling tailored liquidity curves that cater to the specific characteristics of various cryptocurrencies.
Funding
$3M 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.
Founders
Product
Problem
Existing centralized cryptocurrency exchanges often have high fees and can lack transparency, while decentralized exchanges (DEXs) may suffer from slippage and limited leverage options. This can hinder traders seeking efficient and cost-effective ways to engage in perpetual trading, especially within the Bitcoin ecosystem.
Solution
Surf Protocol is a decentralized perpetual exchange (DEX) built on a Bitcoin Layer 2, offering up to 50x leverage with low fees and zero slippage. The platform utilizes an automated market maker (AMM) structure that allows liquidity providers (LPs) to stake single assets and earn yield without impermanent loss. Surf Protocol supports a variety of Bitcoin-native assets as collateral, providing a secure and transparent on-chain trading experience.
Target Audience
The primary target audience includes cryptocurrency traders and liquidity providers seeking a decentralized, low-fee, and high-leverage trading platform within the Bitcoin ecosystem.
Features
- Up to 50x leverage on perpetual trading
- Support for Bitcoin L1 and L2 native assets as collateral
- Delta-neutral LP pools enabling single-asset staking and earnings
- On-chain trade settlement for transparency and security
- 24/7 customer support in English and Chinese
- Referral program offering transaction discounts
- Support for Runes perpetual trading