Curve sub-protocol Nika Exchange secures $10 million in fina

It is reported that Nika, a DeFi project headquartered in Sweden, has announced the completion of a $10 million private financing round, led by LabDao and others.

It is reported that Nika Exchange is a decentralized exchange (DEX) and liquidity network created based on Curve technology, supporting the ve(3,3) model, focusing on the development and innovation of the BSC ecosystem. Nika Exchange allocates 100% of protocol fees to veToken holders, aiming to effectively promote the construction and maintenance of protocol liquidity. The platform, through innovative design, is committed to providing traders with a low-cost trading experience while ensuring that liquidity providers receive stable and sustainable returns.

As of December 30, 2024, two rounds of Epoch on Nika have generated transaction fees, platform bribes, and ecological incentives amounting to $300,000, to be distributed to VeNIKA users who participated in the voting this week.

What is Nika Exchange? Nika Exchange is a decentralized exchange (DEX) and liquidity network driven by the Curve community, focusing on the development and support of the BSC chain ecosystem. The protocol is fully open-source and modular, aiming to eliminate integration barriers and promote widespread adoption of the BSC ecosystem. Through its innovative design, Nika provides traders with a low-cost trading experience, liquidity providers with sustainable and stable earnings, and allocates 100% of protocol revenues to $NIKA stakers who vote. At the same time, Nika helps the protocol to effectively establish and maintain liquidity. Nika's design philosophy combines the best practices of Curve and ve(3,3) to form an efficient and decentralized liquidity incentive and governance system. Launched in 2024, Nika marks the birth of a new MetaDEX system. With a series of incentive programs and token economic designs, Nika has not only attracted widespread attention from the community but also become an important pillar in promoting the development of the BSC network.

Project Links Official
Website: http://nika.exchange/ Twitter: https://x.com/NikaExchange/