Bungee Exchange
https://www.bungee.exchange/
Bungee is a bridge aggregator built on the SocketLL by the Socket team. Bungee shows users all the routes to seamlessly move Token A on Chain X to Token B on Chain Y and helps them choose the best possible route to bridge. It also considers any token swaps that may be needed while bridging. The team has raised $5,000,000 in their seed round with the potential to raise millions more as their APIs have processed over $450M in transactions, they have recently alluded to a potential airdrop so there’s no harm in participating as the bungee exchange is still in beta and is currently tokenless.
Advantages
Tokenless Protocol: Potential Airdrop as the protocol is currently tokenless
Less Users: The opportunity isn’t hyped so potentially less users and a larger prize pool for participants
Funding: Raised $5M from Tier-1 VCs
Disadvantages
No clear decentralization plans: The team has only alluded with a tweet towards a potential airdrop
Requires use of real funds: Will require you to bridge and do volumes of $ transactions
Funding:
Total Amount Raised - $5,000,000
Seed Round - $5,000,000
Led by Framework Ventures. Other Investors were Coinbase ventures, Nascent Ventures , egirl capital, Lightspeed Ventures partners, Archetype,Fourth revolution capital, Mark Cuban.
Missions:
1. Bridge
2. Refuel
