The WOO Network project attracted $12 million in funding from Binance’s venture arm as part of a Series A+ round.
Warmest welcome to @WOOnetwork to Binance Labs Family 🍾🎊#BinanceSmartChain #Binance #BinanceLabs https://t.co/DFi6ISUEMp
— Binance Labs Fund (@BinanceLabs) January 4, 2022
WOO Network is a liquidity platform that connects users with exchanges, wallets, DeFi services and other projects. Its ecosystem includes the centralized trading platform WOO X, the decentralized exchange WOOFi, and an institutional solution for clients, WOO Trade.
Last year WOO Network began providing liquidity to the Binance Smart Chain ecosystem with the launch of the WOOFi Swap service. The latter uses institutional approaches to market making to improve pricing and reduce slippage.
The platform also interacts with dYdX, Matcha, ParaSwap, 1inch, DODO and dozens of other projects.
In November last year raised $30 million in a Series A round that drew participation from Three Arrows Capital, Crypto.com Capital, Avalanche Foundation and other investors.
In December WOO Network announced the creation of a DAO for decentralized governance.
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