{"id":74396,"date":"2023-02-21T09:55:15","date_gmt":"2023-02-21T07:55:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74396"},"modified":"2025-09-09T19:50:16","modified_gmt":"2025-09-09T16:50:16","slug":"zk-dark-pool-renegade-raises-3-4-million-in-seed-funding","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/zk-dark-pool-renegade-raises-3-4-million-in-seed-funding\/","title":{"rendered":"ZK dark-pool Renegade raises $3.4 million in seed funding"},"content":{"rendered":"<p>Renegade, a startup developing a new type of <span data-descr=\"decentralized (non-custodial) exchange\" class=\"old_tooltip\">DEX<\/span>, attracted $3.4 million in a seed round led by Dragonfly Capital and former AngelList CEO Naval Ravikant. The report comes from <a href=\"https:\/\/www.theblock.co\/post\/213256\/renegade-round-dragonfly-naval\">The Block<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>Among other venture backers are Balaji Srinivasan, Tarun Chitra of Robot Ventures, Mark Bhargava of Tagomi, and Lev Livnev of Symbolic Capital Partners.<\/p>\n<p>Renegade <a href=\"https:\/\/renegade.fi\/whitepaper.pdf\">is an on-chain variant<\/a> of a dark pool \u2014 a private off-exchange venue for trading financial instruments aimed at institutional players. Among the product&#8217;s main features are the use of a confidential computing protocol, as well as <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-zero-knowledge-proof\">zero-knowledge proofs<\/a>.<\/p>\n<p>In traditional markets, dark pools allow institutional investors to buy and sell large blocks of an asset with relatively little impact on price. Renegade&#8217;s primary aim is to help traders execute trades at better prices without signaling their intentions to a broader market.<\/p>\n<p>The technology being developed by the startup is aimed at improving trade execution in DeFi by preventing the use of <a href=\"https:\/\/u1f987.com\/en\/news\/the-invisible-tax-on-ethereum-what-mev-is-and-how-to-counter-it\">MEV<\/a> tactics such as front-running, sandwiching, and various forms of algorithmic trading.<\/p>\n<p>A public testnet for Renegade is planned for Q2 2023. <\/p>\n<p>Earlier, the institutional-focused startup Taurus raised $65 million following a Series B funding round.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renegade, a startup developing a new type of DEX, attracted $3.4 million in seed funding.<\/p>\n","protected":false},"author":1,"featured_media":74397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,1133],"class_list":["post-74396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74396"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74396\/revisions"}],"predecessor-version":[{"id":74398,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74396\/revisions\/74398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74397"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}