Keyrock integrates Radix public ledger into its market making technology stack. Over the next 12 months, Keyrock will deploy $10m+ of token capital into the Radix DeFi ecosystem to support a more stable trading environment for its users.
Keyrock’s CSO, Juan-David Mendieta, said: “We’re enhancing our market making capabilities by integrating Radix into our tech stack. This move also reflects our confidence in the Radix ecosystem, which has been shown to be one of the safest thanks to its robust smart contract language integrated into its tool suite. Our commitment underscores our belief in Radix’s ability to build trust in DeFi applications — key to attracting more users who are still new to the ecosystem.”
Keyrock’s innovative market making solutions are set to increase liquidity availability by providing a fertile ground for traders, token holders, and dApps within the Radix ecosystem. This means expanded support for the number of dApps, including CaviarNine, Ociswap, and DeFi Plaza, amongst many others, which stand to benefit significantly from improved market liquidity.
Andy Jarrett, CEO of Radix Tokens (Jersey), commented: “We are thrilled to welcome Keyrock into the Radix ecosystem. Their expertise in market making and innovative DeFi strategies will help to significantly accelerate the growth of the Radix platform and expand the possibilities within the Radix DeFi ecosystem.”
Market making plays a pivotal role in the efficiency and robustness of market operations by creating reliable ecosystems that inherently attract investors. These markets appeal to investors due to the ease of executing sizable trades and their up-to-date, accurate prices, fostering price discovery rather than mere replication of prices from other sources.
This collaboration is expected to draw more users, builders, and capital to Radix, showcasing the network’s robustness and potential for sophisticated financial applications, particularly in decentralized exchanges, real-world asset tokenization, lending and borrowing, options, derivatives, and perpetuals.
Keyrock has been actively involved in the DeFi landscape, investing substantial effort in assimilating and implementing emerging protocols. The firm has executed strategies across various DeFi avenues, including NFT lending on Sharky.fi, perpetual strategies on GMX, and LPing on Uniswap v3. In July, Keyrock partnered with Credix as one of the first investors of its new private credit lending pool. Most recently, the firm also concluded its first Accelerator Program in partnership with Tenity, during which they mentored emerging crypto projects, helping them grow and potentially secure investments.