Not long ago, PoseiSwap received $1.5 million in financing from the ZebecLabs Foundation at a valuation of $10 million. Since then, PoseiSwap has received a new round of financing of an undisclosed amount from top investment institutions in the industry such as GateLabs, EmurgoVentures, Republic, and CipholioVentures at a valuation of US$25 million.
After completing the financing, PoseiSwap launched the governance token POSE to the market in the form of IDO/IEO, which heralds the official opening of the ecology. PoseiSwap is deployed on Nautilus Chain, the industry's first modular Layer3 architecture chain, which also makes PoseiSwap the first DEX in the industry based on modular facilities. As an early practice of Nautilus Chain's unique modular concept, it has certain significance for the long-term development of this field.
Modularity brings new benefits to PoseiSwap
As early as last year, after Celestia proposed the idea of a modular blockchain and practiced it through Cosmos, modularization has become a new narrative direction in the development of the blockchain field. After the concept was proposed, Nautilus Chain became the first practitioner and continuation of Celestia's modular concept.
Nautilus Chain itself is a Layer 3-oriented blockchain system, which obtains DA support through the Celestia modular bottom layer to ensure unified data availability, and further provides more modular development tools on this basis.
In addition to Celestia, Nautilus Chain is also providing support for developers through Eclipse. Developers can customize various components according to their own preferences, such as execution environments such as EVM, SVM, and MoveVM, which also provides a basis for the customized development language of Nautilus Chain. Base. With the support of Celestia and Eclipse, different chains in the Nautilus Chain system will hand over the data layer and transaction consensus layer to Celestia, which improves the performance of its chain throughput, which also makes Nautilus Chain the fastest running at present. Fast EVM Rollup's L3 expansion solution.
Therefore, when applications in the ecosystem want to achieve more functions, reduce operating costs, enhance security, and gain more sovereignty, developers can choose a solution that suits them in a wider range of modules in the Nautilus Chain package, so as to choose customization Build DAPP-Chain, DAPP-Rollup or DAPP-Subnet.
PoseiSwap is currently the first order book DEX built on the basis of Nautilus Chain in a modular manner, and it inherits the various advantages brought by Nautilus Chain. PoseiSwap is different from the Dapp deployed on the bottom layer of the single chain. It builds a new Zk-Rollup layer based on the modular facilities of Nautilus Chain. The bottom layer of the Rollup can run in a parallelized manner, and directly obtain the running support from Celestia and Eclipse.
With the support of Celestia and Nautilus Chain, PoseiSwap will also be able to obtain highly interoperable support from the Cosmos ecosystem, including seamless interaction through IBC and Peg Zone homogeneous and heterogeneous layers.
Based on this, PoseiSwap can put the transaction off-chain for verification in the form of zero-knowledge proof when a transaction occurs, and verify the result on-chain to ensure the high efficiency and privacy of order book transactions. In addition, the parallelized and modular Layer3 architecture design also enables PoseiSwap to obtain the fastest EVM support from Nautilus Chain, improving transaction efficiency and experience.
In addition, the modular bottom layer of Nautilus Chain is also bringing new customized development to PoseiSwap. In addition to the above-mentioned customized Rollup layer, it is also creating a new OFAC module framework to achieve compliance. Currently, the module has been completed Compliance auditing, and serving PoseiSwap, providing a foundation for its future deployment of RWA, flow payment and other Web2 fields.
At present, Zebec Protocol has announced a new roadmap and plans to migrate streaming payment applications, components, and users to Nautilus Chain. This will be a new opportunity for PoseiSwap to expand its new business model and accumulate ecological value for a long time.