According to Foresight News, the derivatives trading platform JOJO on the Base chain has successfully completed its seed round of financing. The funding round was led by SevenX Ventures, with participation from SmrtiLab, Shadow Labs, Bitlink, PAKA, and Clairvoyant.
JOJO is spearheaded by Radar Bear, co-founder of DODO, and David, former Chief Technology Officer of DDEX. The platform aims to create a highly open and liquid trading environment. It integrates a Turing-complete hybrid liquidity model, diverse asset staking mining, quantitative trading robots, leverage trading up to 1000x, and automated funding rate arbitrage. These features are designed to cater to users with varying risk preferences and enhance the on-chain trading experience within the Base ecosystem.