According to ChainCatcher, Base on-chain derivatives trading platform JOJO has completed its seed round of financing, led by SevenX Ventures, with participation from SmrtiLab, Shadow Labs, Bitlink, PAKA and Clairvoyant.

JOJO is led by DODO co-founder Radar Bear and former DDEX CTO David. The platform is committed to creating an open and liquid trading environment. It integrates Turing-complete hybrid liquidity model, diversified asset pledge mining, quantitative trading robots, leveraged trading up to 1000 times, and automated funding rate arbitrage, aiming to provide a full range of services for users with different risk preferences and bring a good on-chain trading experience to the Base ecosystem.