Anti-mev solutions provider Wallchain has raised $2 million in funding led by Cypher Capital

2023-03-16 12:17

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The investment will drive Wallchain's Web3 research and development initiatives to generate revenue growth and launch new MEV solutions.

抗 MEV 解决方案供应商 Wallchain 宣布获得由 Cypher Capital 领投的 200 万美元投资， Cypher Capital 是一家总部位于阿联酋迪拜的多战略风险投资公司。这笔投资将用于推动 Wallchain 对 Web3 进行深入研究，以实现收入增长、推出新的 MEV 解决方案。

What is Wallchain?

Trades initiated on DEX and wallet create profit opportunities for specialized bots (called MEV bots), which recognize and manipulate the order of trades. They benefit from false start operations or arbitrage operations. These opportunities are opaque and rarely seen by end users. Since 2021, MEV robots have extracted about $700 million in value from these operations. Wallchain is addressing this growing problem by integrating its anti-MeV solution into the DEX and wallet, which will recapture-capture these profits at the source. Simply put, the solution inserts hedging trades into user transactions, completely eliminating the possibility of MEVs. The profits generated by the hedge are then distributed to the platform and the end user as cashback, creating a win-win situation for both parties to integrate Wallchain.

Wallchain co-founders Yurii Kyparus and Max Bevza have extensive Web2 experience, having worked at well-known companies such as Google and Meta.

Yurii Kyparus 表示：「Wallchain 于 2021 年进入 MEV 领域，发现它是一个极具竞争力和毒性的赛道。为了创造一个更健康的环境并为社区带来价值，我们成立了 Wallchain。为了继续我们的增长并推出新的解决方案，我们需要合作伙伴的支持。Cypher Capital 的远见卓识者的投资将使我们能够继续发展，并提高我们平台的知名度。我们非常强大非常感谢 Cypher Capital 的团队，随着我们的不断发展，我们很高兴能够利用他们对 Web3 领域的深入了解。」

Cypher Capital Chairman Bill Qian says: "Wallchain is the missing piece to activate real value for businesses and end users in DEXes; the project has a lot of room to grow. Wallchain's impressive appeal in the market, approach, proven technology and partnerships with market-leading trading platforms. This, combined with strong investor backing to date and an ambitious team of start-up veterans and developers, has enabled them to deliver on a truly complex vision."

关于 Bill Qian

Bill Qian is Chairman of Cypher Capital Group. Prior to joining Cypher Capital, Bill served as Head of Binance's global M&A and Binance LABS. Prior to that, Bill was head of Fintech/tech investments at JD.com.

About Cypher Capital

Cypher Capital is a leading multi-strategy cryptocurrency investment firm based in the United Arab Emirates covering venture capital, public markets, nodes, mining and more. Partnering with the world's leading Web 3.0 founders, it is not limited to financial capital investment, but also uses global relationships and industry expertise to ensure long-term success.

Cypher Capital 投资了在区块链协议和基础设施层面建立业务的公司。其中包括交易平台和资产转移协议、稳定币、智能合约平台、数字货币和高增长行业的公用事业 Token。 Cypher Capital 还十分注重合规，通过向相关的法律方寻求建议，它创建了一个完全符合现行法规的合规运营框架。

Cypher Capital provides efficient and complete market access in the Middle East and Africa region, and builds strong partnerships with startups to connect them with other influential companies in the Middle East, Africa, Turkey and India, expanding their team size and infrastructure.