Filament, a Sei Ecosystem Hybrid Derivatives DEX, Secures $1.1 Million in Seed Funding

Foresight News reports that Filament, a hybrid derivatives decentralized exchange (DEX) built on the Sei Network, has closed a $1.1 million seed funding round.

The round was led by Lingfeng Innovation Fund, with participation from Halo Capital and Spyre Group. Additionally, investors include angel investors from Web3 projects like Polygon, Router Protocol, Stakecito, Chorus One, Archerman Capital, and CoinBureau, as well as former core contributors from Binance, Sei, and Tendermint.

Developed by a team with experience from Goldman Sachs, BlackRock, Persistence, Nethermind, and Open Status, Filament is built on the Sei network. The platform introduces a novel hybrid model that combines segregated liquidity pools with an order book, enabling efficient operation in low-liquidity conditions.