Voltz Announces $6 million Seed Funding Round

TokenInsight reports that Voltz, an automated market maker protocol, has announced a $6 million funding round led by Framework Ventures with participation from Fabric Ventures, Coinbase Ventures, Wintermute and others. Voltz uses a virtual AMM (vAMM) with centralised liquidity for price discovery only, with the management of the underlying assets executed by a margin engine. The combined impact of these modules means that counterparties can create and trade both fixed and floating rates through a mechanism that significantly increases the efficiency of capital usage.