The anti-MEV protocol Shutter raised $8.31 million through a Liquidity Bootstrapping Pool (LBP) to launch the token SHU

ChainCatcher news, the anti-MEV protocol Shutter has raised $8.31 million through a Liquidity Bootstrapping Pool (LBP), and the SHU/USDC trading pair is now live on Uniswap V2.

According to the RootData platform, Shutter prevents front-running on Ethereum by using a distributed key generation (DKG) protocol based on threshold cryptography, allowing users to send encrypted transactions. The protocol completed a $2.36 million funding round on June 27, 2023, with participation from Alphemy Capital, OKX Ventures, and others.