Pear Protocol, a popular crypto pair trading platform, just announced some big news! They’ve teamed up with Hyperliquid, a major player in the perpetual order book market, and secured $4.1 million in funding.
Hyperliquid Integration: Better Pair Trading
This partnership means Pear Protocol users can now seamlessly pair trade using Hyperliquid’s massive liquidity. This unlocks several benefits:
- Access to Hyperliquid Season 3 points and HyPear Points (which can be converted to HYPE).
- Easy one-click entry and exit for pair trades.
- Limit and TWAP execution for optimized trades.
- Advanced risk management tools.
- Direct ratio charting and custom pair weighting.
Essentially, Pear Protocol makes advanced trading strategies easier, more mobile-friendly, and more capital-efficient, whether you’re trading established pairs or creating custom ones.
$4.1 Million Funding Round
The $4.1 million funding round was led by Castle Island Ventures, with participation from Compound VC, Florin Digital, and Sigil Fund. This investment will help Pear Protocol:
- Expand its institutional-grade product offerings.
- Launch vaults and APIs on HyperEVM.
- Relaunch its spot token with improved liquidity.
- Grow its user base and team.
- Ensure long-term sustainability.
Investors are clearly excited about Pear Protocol’s potential. Castle Island Ventures believes Pear is building the future of DeFi trading infrastructure.
About Pear Protocol
Pear Protocol is a leading DeFi pair trading platform, helping both individual and institutional traders efficiently trade one token against another. It already integrates with major platforms like GMX and SYMMIO.