Announcing our $2M round raise co-led by Multicoin Capital and Framework Ventures

We are extremely excited to announce a $2M seed round fundraise co-led by Multicoin Capital and Framework Ventures, with participation from Cumberland (DRW), Parataxis Capital, and PetRock Capital to aid us in our mission of bringing open and fair payment-for-order-flow markets to crypto.

We are building the first protocol for decentralized order flow markets, and this capital raised will be used to onboard institutional market makers, support partnerships with sources of retail order flow, and rapidly build towards a mainnet launch.

The DFlow protocol provides sources of liquidity to retail traders that are powered by institutional market makers. Additionally, the protocol provably safeguards retail traders from receiving anything but best-execution on their trades while also allowing retail traders to earn rebates on each trade.

Retail order flow is matched with institutional market makers in a sequential auction model, in which the best-execution market makers pay premiums for the retail flow. On the other side of the trade, order flow sources route their orders to DFlow because it helps them capture premiums paid by market makers, and because it also guarantees best-execution prices, creates unprecedented transparency, and protects against on-chain front-running.

This market mechanism will power the future execution of retail order flow, and we could not be more excited about our seed round partnerships to help us build towards that future.

The DFlow protocol is currently active in a closed devnet release, so if you are a market maker or source of order flow interested in building on top of the protocol, contact us on Twitter.