DeFi protocol Elixir raised $2.1 million to make crypto market making more transparent. It's backed by FalconX, Bitmex founder Arthur Hayes and OP Crypto.
an internal document exploring whether the market maker should be shut down, among the reasons was that Alameda wasn't making enough money to justify its existence.$15 million in a Series A round to improve its proprietary risk management framework, which monitors on-chain and off-chain data in real-time.
The lack of market makers following the collapse of FTX and high exchange costs have led to many projects holding off on launching tokens.
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