von • Radius raises $1.7 million in pre-seed investment for its trustless shared sequencing layer development.
• The trustless shared sequencing layer will decentralise the operations of rollups to protect users from harmful MEV.
• Radius has announced a partnership with Saga, and is developing an MEV-Resistant Decentralized Exchange (360).
Radius Raises $1.7M in Pre-Seed Funding
Radius has recently raised $1.7 million in pre-seed investment to develop a trustless shared sequencing layer that would decentralise the operations of rollups. The funding round was led by Hashed, with participation from Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com.
Trustless Shared Sequencing Layer
The trustless shared sequencing layer developed by Radius seeks to provide economical and sustainable solutions for Rollups, while protecting users from harmful Miner Extractable Value (MEV). It achieves this objective using an innovative zk scheme known as Practical Verifiable Delay Encryption (PVDE). This ensures that users are protected from MEV in a truly trustless way, while still maximizing revenue for Rollups.
Partnership With Saga
Radius recently announced a partnership with Saga, the Rollup-as-a-Service platform, while also joining the Celestia Ecosystem. This is designed to drive further advancements in the roll-up technology and enhance the security of the blockchain ecosystem.
MEV Resistant Decentralized Exchange
In addition to this, Radius is developing an MEV-Resistant Decentralized Exchange (360). This DEX is powered by Radius’ shared sequencing layer and is designed to significantly reduce transaction costs on Ethereum compared to traditional exchanges.
Conclusion
This new funding will enable Radius to continue pushing forward innovation in blockchain technology and redefining what is possible within it’s sphere. The team at Radius remains committed towards maximizing revenue for Rollups while safeguarding users from harmful MEV using their trustless shared sequencing layer protocol.
