The market chain trades are mysterious and important – and also lucrative. The problem, according to Pseudonymous Trader Grug, is that crypto protocols with a flow of precious controls leave money on the table.
GRUG’s company, Warlock Labs, has just raised 8 million dollars in venture capital funding for what it thinks is the solution: an owner negotiation company that uses data on the channel to prove that it is processing the flow of orders in a responsible manner.
The two -year -old company is expected to enter the complex blockchain pipes that facilitate trade in Ethereum. Here, an army of experienced operators offers bribes to protocols in exchange for the possibility of treating their order of orders, which they can press for tens of millions of dollars per year.
But there is no guarantee that these players do not give a gross agreement, says Grug. The world of maximum extractable value (MEV) creates a myriad of possibilities of manipulating trades without staring at the protocol and its traders.
“We create control flow tools and a manufacturer with zero knowledge guarantees where we can essentially prove after the fact that none of the order flows that are submitted to us, whether via users or researchers, has ever been falsified,” said Grug.
Warlock Labs will start with a concentration on the activity on the channel, but Grug says that he sees opportunities to develop the company to market the Cexes as well. He underlined the recent controversy within Binance on a market that has drawn illicit profits from Move Tokens – at the expense of merchants.
“We are going to live in the future where the order flow is alpha, and to prove that you have not abused this is as precious as to receive it,” said Grug. “If you can prove that you will never celebrate the command flow, it is more and more likely that more and more people will submit their command flow to you.”
He described Warlock Labs a “venture capital company” whose main competitor was Wintermute, the giant market. Capital capital companies are careful: Polychain Capital led the round with the participation of Greenfield Capital, reciprocal companies, symbolic capital, the capital of Embuscade and the TRGC.
