Introduction

We’re thrilled to emerge from stealth with our $7.5 million seed round. We're on a mission to solve the critical challenges posed by maximum extractable value (MEV) on Ethereum, developing innovative solutions that enhance transparency, fairness, and efficiency in DeFi.

The Problem

MEV has long been a thorn in the side of Ethereum, creating unsustainable incentives and opaque systems that threaten both decentralization and user adoption. The most blatant extraction currently lies in decentralized exchanges, where liquidity providers (LPs) are losing money due to sophisticated arbitrage and users face suboptimal execution quality due to sandwich attacks. This not only undermines trust in decentralized systems but also hampers the growth and efficiency of the Ethereum ecosystem.

Our Vision

At Sorella, we believe that MEV is not an inevitability of transacting on-chain, but rather a consequence of applications inadequately designed to meet the unique challenges of decentralization. We are committed to building infrastructure and applications that remain true to the principles of decentralization while maximizing competition and fairness — all without compromising incentive compatibility. Our goal is to create a more efficient and equitable future for Ethereum.

Our Products

To realize our vision, we're launching two groundbreaking products, the first of which is already live:

• Brontes: An open-source MEV explorer for Ethereum that illuminates the extent of sophisticated arbitrage activity happening on-chain at the expense of LPs and users. Brontes provides unprecedented visibility into MEV, empowering the community with the knowledge needed to build more resilient systems.

• Angstrom: A Uniswap V4 hook that protects both LPs and swappers, paving the way for sustainable, decentralized, and welfare-maximizing decentralized exchanges. Angstrom addresses the critical issues of LVR (loss versus rebalancing) for LPs and sandwich attacks on users, ensuring a fairer and more efficient trading environment.

Our Fundraise

We're excited to announce our $7.5 million funding round, led by Paradigm with participation from Nascent, Robot Ventures, Bankless Ventures, and Uniswap Ventures. This investment will fuel our growth, allowing us to expand our team of Rust developers and bolster our research efforts. We're deeply grateful for the support of our investors, who share our vision of a more transparent and efficient Ethereum ecosystem.

As we embark on this journey, we invite the Ethereum community to join us in our mission to revolutionize the next generation of applications. Stay tuned for more updates on our products and research, and follow us on Twitter/X and subscribe to our mailing list for the latest news.

Onwards!

Ludwig and Karthik