Vega raises $5M to develop decentralized derivative markets
Vega, a startup building decentralized trading technology, has raised a $5 million seed round led by Pantera Capital, according to The Block. Vega is building a blockchain-agnostic protocol that enables traders to create and participate in non-custodial markets for trading derivatives products. According to the firm, Vega is a layer 2 chain leveraging proof-of-stake and is currently built on top of the Tendermint consensus library used by protocols like Cosmos.
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