SecondSwap, a decentralized exchange platform specializing in locked and vesting digital assets, is expanding its operations to the Avalanche (AVAX) blockchain.
Known for facilitating the secondary market for tokens subject to vesting schedules or early contributor locks, SecondSwap aims to enhance liquidity and transparency in this sector, which a Tokenomist report values at over $100 billion.
SecondSwap will launch on Avalanche with a unique offering for trading locked tokens, a segment of the market that typically involves high-risk private transactions with limited transparency and potential settlement issues.
As integrally part of the stimaphore, SecondSwap brings fully locked token trading to the blockchain, engaging smart contract execution for transparent pricing, verifiable asset transfer, and real-time settlement.
Projects utilizing SecondSwap can issue, price, and trade their locked assets without needing third-party services, while investors benefit from an 'offer' mechanism that enables users to propose discounts and select their preferred vesting period (3, 6, or 12 months) for greater size and price flexibility.
This launch aligns with Avalanche's broader strategy to expand DeFi infrastructure and support tokenized asset markets, as highlighted by Justin Kim, Head of Asia at Ava Labs.
Kim added that SecondSwap closely aligns with Avalanche's mission to digitize, democratize, and de-risk asset ownership.
SecondSwap's expansion follows a $1.2 million seed funding round earlier this year, with participation from GSR and Animoca Ventures.
The company is planning to introduce additional tools to support the lifecycle management of tokenized projects on Avalanche, aiming to mitigate volatility associated with unlock events and improve overall market efficiency.
This move showcases SecondSwap's dedication to strengthening the DeFi ecosystem and delivering innovative solutions in the rapidly evolving domain of locked asset trading.
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