According to Foresight News , Sei ecosystem hybrid derivatives DEX Filament announced the completion of a $1.1 million seed round of financing, led by Lingfeng Innovation Fund, with participation from Halo Capital and Spyre Group. In addition, investors also include angel investors from Web3 projects such as Polygon, Router Protocol, Stakecito, Chorus One, Archerman Capital and CoinBureau, as well as former core contributors of Binance, Sei and Tendermint.
Filament was developed by a team that previously worked at Goldman Sachs, BlackRock, Persistence, Nethermind, and Open Status, and is built on the Sei Network. The platform introduces a new hybrid model that combines segregated liquidity pools with order books, enabling it to operate efficiently in low liquidity conditions.
