OKX Ventures Makes a Strategic Investment in Aark Digital — A Decentralized, Derivatives DEX on Arbitrum
OKX Ventures is pleased to announce the strategic investment in Aark Digital — the next generation of GMX-style perp DEX. Built for professional traders, Aark introduces features that no other provides.
Aark introduces a new AMM architecture called PMM(Parallel Market Maker) which enables the trading of 300+ pairs including Super Long Tail Assets. PMM reflects liquidity from order books of top CEXs like OKX and Binance, making Aark the most liquid exchange among all CEX and DEXs. Aark provides advanced execution features and cross-margin for professional traders.
Aark changes the dynamics of LP. Single-sided LP allows liquidity providers to use stETH, BTC, USDC and many others to LP without the need to be exposed to a basket of assets. On top of such delta-neutrality, Aark enables Leveraged LP which enables liquidity providers to leverage up their LP positions and earn up to 5x APR. Further implementing funding fees and removing borrowing fees, the balanced long-short open interest exposes LPs to minimum directional risk. Now liquidity providers can protect their LP assets while earning leveraged returns.
“We are honored to participate in the investment of Aark. The Aark team is passionate in the derivatives fields, the product innovation and mechanism design is remarkable, somewhat reducing the risk of LPs and increasing the return, and committed to create a whole new experience of the trading platform for professional traders.” said Dora, Founder of OKX Ventures.
About OKX Ventures
OKX Ventures is an investment institution under the worldwide top trading platform OKX.com, which focuses on exploring the best blockchain projects on a global scale, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and focusing on long-term structural value investment. The initial capital of OKX Ventures is USD $100 million. We are committed to helping the ideal entrepreneurs who contribute to the development of the blockchain industry to build great companies and bringing global resources and historical experience to blockchain projects.
