The oracle-based perpetual contract DEX Filament has completed a $1.1 million seed round financing, led by Lingfeng Innovation Fund.

ChainCatcher news, the oracle-based perpetual contract DEX Filament has announced the completion of a $1.1 million seed round financing, led by Lingfeng Innovation Fund, with participation from Halo Capital and Spyre Group. Other major participants include angel investors from well-known Web3 projects such as Polygon, Router Protocol, Stakecito, Chorus One, Archerman Capital, and CoinBureau, as well as former core contributors from Binance, Sei, and Tendermint.

Filament is developed by a team that has worked at Goldman Sachs, BlackRock, Persistence, Nethermind, and Open Status, built on the Sei network.

The platform introduces a new hybrid model that combines compartment-based liquidity pools with an order book, enabling it to operate efficiently under low liquidity conditions.