---
title: "Polygon Backs $1.5M Institutional DEX D8X Deal, Betting on Rise….."
url: https://diffcoin.com/polygon-backs-1-5m-institutional-dex-d8x-deal-betting-on-rise/
description: "Zug, Switzerland, August 4th, 2023, ChainwireD8X's pre-seed round features Polygon Ventures, Axelar Network, Swissborg Ventures and others D8X, an…"
published: 2023-08-04
updated: 2023-08-04
author: "Mila"
site: "Diffcoin"
---

# Polygon Backs $1.5M Institutional DEX D8X Deal, Betting on Rise…..

**Zug, Switzerland, August 4th, 2023, Chainwire**

### D8X’s pre-seed round features Polygon Ventures, Axelar Network, Swissborg Ventures and others

D8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and other notable investors. The capital will help D8X launch a decentralized derivatives trading platform in the second half of 2023 that provides a white-labeling solution to trading partners seeking access to powerful derivatives products.

The pre-seed round for D8X includes additional participation from Axelar Network, Swissborg Ventures, Cogitent Ventures, Veris Ventures, G1 Ventures, Pragma Ventures, CryptoDiscover and others.

> “DeFi is reshaping the future of finance. Projects like D8X are building the infrastructure that will help legacy finance to leap into web3,” **said Polygon Co-Founder Sandeep Nailwal.**

**Bridging CeFi to DeFi**

D8X’s founders bet on centralized players wanting to offer decentralized crypto derivatives to their clients without having to hire experts to develop in-house market-making and trading engines. D8X provides a white-label solution to partners who act as brokers and earn fees by running their own front ends powered by the D8X trade engine and shared liquidity.

**Financial Engineering On Chain**

D8X’s sophisticated on-chain solutions curb costs and offer products that are competitive with centralized exchanges, such as cost-efficient hedging, a prerequisite for building a highly functional derivative trading space. Contract trading allows other DeFi protocols to efficiently hedge on-chain. Their perpetuals can be calibrated for a wide range of assets and support—as a first in DeFi—linear, inverse and quanto perpetuals. At launch, a liquidity pool in Lido’s staked ETH (stETH) will enable liquidity providers to earn the Lido yield while simultaneously participating in the DEX’s earnings.

D8X is the first business-to-business (B2B) DEX built on Polygon’s zkEVM, harnessing the power of zero-knowledge proofs to cut transaction fees, increase security and scale operations across the Polygon and Ethereum networks.

> “D8X is part of a driving force of innovation and community in Polygon’s 2.0 zero-knowledge space,” **said Polygon Director of Growth Hamzah Khan.**

D8X is a fully decentralized DEX following regulatory guidance from Switzerland’s financial market regulator FINMA.

> “We thank all our investors for believing in D8X’s vision to bring truly decentralized derivatives as white-labeling solutions to institutions. With best-in-class financial engineering and risk management, D8X is changing the way decentralized derivatives are traded,” said D8X co-founder Caspar Sauter.

The production codebase of D8X was audited by PeckShield and an earlier version was audited by Hacken.

**About D8X**

D8X is a Polygon Ventures-supported institutional-grade perpetual futures DEX with a financial engineering approach that elevates the way perpetual futures can be traded on-chain. Think of a powerful and decentralized trading platform on Polygon zkEVM that offers white-labeling to institutions. D8X’s pricing mechanism adapts to changing market conditions protecting liquidity providers and profitable traders in volatile periods, resulting in superior DeFi trading conditions.

D8X | [Twitter](https://twitter.com/d8x_exchange) | GitHub | Docs

##### Contact

**PR Director** 
 **Patrick Brendel** 
 **Scrib3** 
 **[email protected]**

[Source link](https://www.cryptodaily.co.uk/2023/08/polygon-backs-15m-institutional-dex-d8x-deal-betting-on-rise-from-cefi-to-defi)