According to ChainCatcher, the oracle-based perpetual contract DEX Filament announced the completion of a $1.1 million seed round of financing, led by Lingfeng Innovation Fund, with participation from Halo Capital and Spyre Group. Other major participants include angel investors from well-known Web3 projects such as Polygon, Router Protocol, Stakecito, Chorus One, Archerman Capital and CoinBureau, as well as former core contributors from Binance, Sei and Tendermint.
Filament was developed by a team that previously worked at Goldman Sachs, BlackRock, Persistence, Nethermind, and Open Status, and is built on the Sei Network.
The platform introduces a novel hybrid model that combines compartment-based liquidity pools with order books, allowing it to operate efficiently in low liquidity conditions.
