Rollie Finance
A trading platform based on swipes.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Early VC | |
| Total Funding | 000k | ||
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Rollie Finance, established in 2023 and based in Tbilisi, Georgia, operates as a decentralized perpetual exchange platform within the cryptocurrency sector. The company secured seed funding on March 22, 2024, with notable participation from M77 Ventures and Animoca Ventures, as well as angel investors including Sandy Peng, Co-Founder of Scroll, and Alex Lee, Founder of Wombat Exchange. This capital injection is intended to further develop its AI-driven trading algorithms.
The firm's core business revolves around providing a platform for leverage trading and prediction markets across a variety of asset classes, including cryptocurrencies, forex, commodities, and real-world assets (RWA). Rollie Finance distinguishes itself with an AI-powered, one-swipe trading interface designed to simplify the trading process for both novice and experienced traders. This user-friendly mobile interface allows for trade execution through simple left or right swipes, while complex trading algorithms and AI analysis operate in the background. The platform is built on the Scroll zkEVM, a Layer 2 scaling solution for Ethereum, which facilitates low transaction fees and enhanced security. It operates a non-custodial model, ensuring users retain control over their funds without the need for deposits or sign-ups.
Revenue generation is derived from trading fees, including an opening and closing fee of 0.04% of the position size, and spreads on trades. The platform employs a single USDC vault for all trading pairs, which acts as a counterparty to traders and aims to enhance capital efficiency by avoiding segregated liquidity. Liquidity providers contribute USDC to this vault in exchange for RLP tokens, earning a share of the trading fees. For traders, the platform offers leverage up to 100x, with plans for a 'HAM mode' to offer up to 1000x leverage. Future developments include the rollout of social trading features, enabling users to copy the strategies of professional traders, and prediction markets with a gamified experience.
Keywords: decentralized exchange, perpetuals trading, AI trading, cryptocurrency, leverage trading, prediction markets, social trading, Scroll zkEVM, DeFi, digital assets