Skip to content
FinTech Seed Founded 2013

WingRiders

WingRiders is a native automated market maker decentralized exchange built on Cardano, offering over 400 listed Cardano native token pairs and DeFi services on a single platform. The DEX provides ADA swapping, Cardano staking, liquidity pools, and yield farming capabilities, with direct hardware wallet support for Ledger and Trezor including Android connectivity via USB-C and Bluetooth. WingRiders was the first…

📍 Cardano, Italy · Cryptocurrencies,

Funding snapshot

Last roundSeed
Amount$6M
Date14 July 2022
Total raised$4M
Team size6

About

WingRiders is a native automated market maker decentralized exchange built on Cardano, offering over 400 listed Cardano native token pairs and DeFi services on a single platform. The DEX provides ADA swapping, Cardano staking, liquidity pools, and yield farming capabilities, with direct hardware wallet support for Ledger and Trezor including Android connectivity via USB-C and Bluetooth. WingRiders was the first Cardano DEX to introduce stablecoins USDC and USDT to the network at mainnet launch, later adding support for DJED and iUSD. The platform offers up to five reward streams for liquidity providers including ADA auto-staking rewards, trading fee portions, double yield farm rewards, boosting vault gains, and First Riders Token benefits. WingRiders pioneered StableSwap pools on Cardano for minimal slippage stablecoin swaps, ADA auto-staking with stake pool voting, direct wallet hardware integrations, and third-party dApp integrations. Founded in 2013 and headquartered in Italy, the company has raised $4.5 million in seed funding from cFund, Spartan Group, COTI, LongHash, Animoca Brands, Matrixport, Spark Digital Capital, Double Peak, Bitrue, Enzac Research, and Shima Capital. WingRiders operates a non-custodial smart-contract-based launchpad and utilizes advanced charting tools powered by TradingView.

Business model

Cryptocurrencies > Financial Services > Investment Industry > Crypto Exchanges > Decentralized Exchanges

Institutional investors

cFund Spartan Group COTI LongHash Animoca Brands Matrixport Spark Digital Capital Double Peak Bitrue Enzac Research Shima Capital

Latest coverage

No articles yet.

Raising like WingRiders?

Analyze your pitch deck before your next raise.

Analyze My Deck →