New project that will leverage the power of Polkadot, Ethereum, Cardano, BSC and Avalanche for decentralized derivatives trading
Contents
- Derivative Financial Raising $3.3 Million, GSR Ventures Leading the Round
- Pioneering multi-chain derivatives trading
The new decentralized trading platform Derived Finance will be a game changer in the crypto derivatives trading sector. She has successfully completed fundraising and is now looking to IDO.
Derivative Financial Raising $3.3 Million, GSR Ventures Leading the Round
According to a press release shared with U.Today, Derived Finance, a multi-block platform for trading crypto derivatives, has completed a strategic funding round.
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DerivedFinance October 9, 2021
The net amount of guaranteed funds exceeds $3.3 million. The round was led by GSR Ventures, while AU21, Poolz, Nabais Capital, Dweb3, Occamfi and Genblock Capital also participated.
Bharat Verma, CEO of Derived Finance, highlights the curious nature of the derivative financing proposal and its ambitious long-term vision:
We thank all the investors who put their trust in us and joined the fundraising campaign. More than 30 venture funds participated in the funding round, raising more than $3.3 million, and together we will use synergies to build derivative funding, the next generation of our multi-chain synthetics trading platform.
The new funds will fuel the expansion of Derived Finance’s suite of services, add new assets and new tools, and integrate new fiat currencies for more profitable and smooth trading.
Pioneering multi-chain derivatives trading
Derivative Finance offers its clients a rich toolkit of derivative trading functionality. It works across multiple platforms, including Polkadot, Ethereum, Cardano, BSC, and Avalanche.
Many assets can be minted on derivative finance as synthetics. Besides spot trading, the platform also offers 3x leveraged trading for short and long positions.
From October 13-14, 2021, the Derivative Funding team will conduct an Initial Decentralized Exchange Offering (IDO) on a pilot launch platform.
