🎉 Sorella has just secured $7.50M in its latest funding round! 🎉
🔹About: Sorella project, developed by Sorella Labs, aims to address the issue of Maximal Extractable Value (MEV) on the Ethereum blockchain. MEV refers to the profits that validators or bots can extract by reordering, inserting, or censoring transactions within a block. Founded in 2022, Sorella Labs focuses on creating tools to mitigate these issues, ensuring fairer and more efficient trading conditions. One of their key innovations is the use of batch auctions to group transactions of a given asset, thereby eliminating the arbitrage opportunities that typically exploit price discrepancies. This approach helps in reducing slippage and safeguarding against MEV attacks, making passive liquidity providing more profitable. Recently, Sorella Labs raised $7.5 million in a seed funding round, highlighting strong investor confidence in their mission. The project is built on Uniswap V4 hooks, leveraging advanced techniques to enhance on-chain exchanges. By focusing on these innovative solutions, Sorella aims to create a more equitable and efficient decentralized finance ecosystem.🚀
🔹 Lead Investors: Paradigm, Nascent, Robot Ventures, Bankless Ventures, Uniswap Labs Ventures.
🔹 Total Raised: $7.50M.
🔹 Project Category: DeFi, Developer Tools.
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