Ambient
Providing warnings for potential dangers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | $6.5m | Seed | |
| Total Funding | 000k | ||
Ambient Finance, developed by Crocodile Labs, is a decentralized exchange (DEX) operating on the Ethereum network and other blockchains. It was founded in 2021 by Douglas Colkitt. Colkitt's background includes twelve years as a quantitative trader in high-frequency trading and market making, starting his career at Citadel Securities, and later becoming an MEV searcher and arbitrage trader in the DeFi space.
The company secured $6.5 million in a seed funding round in July 2023, with a valuation of $80 million. The round was led by Blocktower Capital and included participation from notable investors like Jane Street, Circle, and Naval Ravikant. This capital is aimed at expanding the team and furthering research and development. Initially launched as CrocSwap, the platform was rebranded to Ambient Finance to better reflect its core functionality.
Ambient Finance operates as a single, comprehensive smart contract, a design choice that differentiates it from other DEXs which typically use separate contracts for each liquidity pool. This architecture results in lower gas fees and more efficient data storage. The platform's business model centers on generating revenue from transaction fees within its ecosystem. It serves a broad range of clients, from individual crypto traders to sophisticated liquidity providers and market makers.
The protocol uniquely combines three types of liquidity models within a single pool: concentrated (like Uniswap v3), ambient (like Uniswap v2), and knockout liquidity, which functions similarly to limit orders. This hybrid approach allows for deeper, more sustainable liquidity. Key features include standard token swaps, limit orders, and various liquidity provision modes. It also offers "gasless" transactions through the EIP-712 off-chain standard, where a third-party relayer executes the transaction for a small commission. Furthermore, fees earned by concentrated liquidity providers are automatically reinvested, creating compounded returns.
Keywords: decentralized exchange, DEX, Ambient Finance, Crocodile Labs, Douglas Colkitt, DeFi, automated market maker, AMM, liquidity pool, concentrated liquidity, Ethereum, blockchain trading, crypto exchange, gas fees, limit orders, single-contract architecture, EIP-712, Blocktower Capital, Jane Street, Circle