Filament, a perpetual contract DEX powered by oracles, raises $1.1 million in seed funding

Filament, a decentralized exchange (DEX) for perpetual contracts powered by oracles, has announced the completion of its $1.1 million seed funding round. The round was led by Lingfeng Innovation Fund, with participation from Halo Capital and Spyre Group. Other key participants included angel investors from prominent Web3 projects like Polygon, Router Protocol, Stakecito, Chorus One, Archman Capital, and CoinBureau, as well as former core contributors from Binance, Sei, and Tendermint.

Developed by a team with experience at Goldman Sachs, BlackRock, Persistence, Nethermind, and Open Status, Filament is built on the Sei network.

The platform introduces a novel hybrid model that combines segmented liquidity pools with an order book, enabling it to operate efficiently under low liquidity conditions.