{"id":18464,"date":"2023-03-08T15:36:06","date_gmt":"2023-03-08T15:36:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/three-arrows-backed-rook-protocol-sees-surge-in-activity-rook-price-surge-14\/"},"modified":"2023-03-08T15:36:06","modified_gmt":"2023-03-08T15:36:06","slug":"three-arrows-backed-rook-protocol-sees-surge-in-activity-rook-price-surge-14","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/three-arrows-backed-rook-protocol-sees-surge-in-activity-rook-price-surge-14\/","title":{"rendered":"Three Arrows-Backed Rook protocol sees surge in activity: ROOK price surge 14%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1678286900828-36497774-a050-4a2c-b9a0-1c96390555ed-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1678286900828-36497774-a050-4a2c-b9a0-1c96390555ed-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1678286900828-36497774-a050-4a2c-b9a0-1c96390555ed-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1678286900828-36497774-a050-4a2c-b9a0-1c96390555ed-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>Three Arrows Capital hedge fund filed for bankruptcy last year.<\/li>\n<li>Three Arrows Capital invested in the seed round for Rook in 2020.<\/li>\n<li>There are speculations that Zhu Su and Kyle Davies may have completed a $25 million fundraise.<\/li>\n<\/ul>\n<p>Liquidity protocol Rook, which is backed by the <a href=\"https:\/\/coinjournal.net\/news\/court-orders-three-arrows-capital-to-be-liquidated\/\">bankrupt Three Arrow Capital (3AC)<\/a> hedge fund, has experienced a surge in activity causing its native token, the ROOK, price to jump to a daily high of $16.38. At press time, ROOK was up 13.22% to trade at $15.33.<\/p>\n<p>The surge in activity comes against the backdrop of speculations that Three Arrows founders have completed a $25 million fundraising to build \u201can exchange to trade bankruptcy claims.\u201d This comes after DeFi researcher Ignas tweeted.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/12 Kyle Davies reached out to me after this tweet.<\/p>\n<p>The fundraising deal is done.<\/p>\n<p>But they won&#8217;t disclose who are the investors \u2013 as most exchanges don&#8217;t.<\/p>\n<p>He also explained how the exchange, collateral system &amp; tokenomics works: \ud83e\uddf5 <a href=\"https:\/\/t.co\/A43gKBMjz0\">https:\/\/t.co\/A43gKBMjz0<\/a><\/p>\n<p>\u2014 Ignas | DeFi Research (@DefiIgnas) <a href=\"https:\/\/twitter.com\/DefiIgnas\/status\/1633106278200360965?ref_src=twsrc%5Etfw\">March 7, 2023<\/a><\/p>\n<\/blockquote>\n<h2>3AC relationship with Rook<\/h2>\n<p>In 2020, Three Arrows Capital invested in the seed round for KeeperDAO, which is what rebranded to Rook Protocol.<\/p>\n<p>For those who don\u2019t know Rook Protocol, it is a maximum extractable value (MEV) marketplace on Ethereum. Its main objective is to redistribute value that is often swept under the carpet by predatory trading platforms and miners. 3AC co-founder Zhu Su at the time when 3AC invested in KeeperDAO\u2019s seed round said that the protocol could keep liquidation on Ethereum \u201cefficient\u201d while allowing participants to earn.<\/p>\n<p>Data from <a href=\"https:\/\/defillama.com\/protocol\/rook\">Defillama<\/a> shows Rook currently has about $5 million in total value locked (TVL) which is far below its 2021 high of $606 million, curtsey of the 2022 crypto winter caused by the many crypto firms collapses that started with the <a href=\"https:\/\/coinjournal.net\/news\/defi-shake-up-following-terra-collapse-as-dai-roars-back-to-prominence\/\">collapse of the $60 billion Terra (LUNA) ecosystem<\/a>.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/three-arrows-backed-rook-protocol-sees-surge-in-activity-rook-price-surge-14\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Three Arrows Capital hedge fund filed for bankruptcy last year. Three Arrows Capital invested in the seed round for Rook in 2020. There are speculations that Zhu Su and Kyle Davies may have completed a $25 million fundraise. Liquidity protocol Rook, which is [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":18465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18464"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=18464"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/18465"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=18464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=18464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=18464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}