Spark, an on-chain order book development project, completed a $1.5 million Pre-Seed round of financing

According to ChainCatcher news, Spark, an on-chain order book development project based on Fuel Network, announced the completion of a $1.5 million Pre-Seed round of financing, with participation from P2 Ventures, Curiosity Capital, Unicorn Ventures, and Fuel Network. Valuation information has not yet been disclosed. Spark can be seen as a DeFi super application on the uel network. It integrates a series of financial services such as perpetual contracts, order books and lending functions. It also introduces a multi-collateral full margin system to support diversified asset deposits and Sophisticated risk management clearing protocols while leveraging order books and tools to facilitate non-custodial interactions.

According to the Web3 asset data platform RootData, Spark is a perpetual contract order book trading platform based on a full margin oracle built on the Fuel Network.