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Oddz Finance aims to provide a seamless derivative experience to users addressing the broader spectrum prevalent in the DeFi derivatives market.
Oddz Finance successfully closed Seed and Private Funding rounds of $2.6 million from leading industry players to build smart derivatives trading platforms.
Oddz Finance is a decentralized on-chain option trading protocol that simplifies multi-chain option trades. It facilitates creating, maintaining, and settling options contracts, conditional tokens, and futures contracts safely and securely.
Leveraging the Binance Smart Chain, Polkadot, and Ethereum blockchain with an in-built oracle solution, it aims to revolutionize the DeFi derivative space by introducing smart and intuitive option trading solutions to drive mass adoption. Its distinguishing features include instant trades, interoperable option trades, transparent premium discovery mechanisms, and customized option trading techniques.
The funding round witnessed backing from notable Web3 venture capitalists firms including Woodstock Fund, AU21 Capital, GBV Capital, Krypital Group, X21, Fire Protocol, Amensten Capital, TRGC, NGC Capital, EX Network, Altonomy, Lotus Capital, Lumen Capital, Maha DAO, DAO Ventures, and others.
Popular Web3 leaders and heavy hitters also participated in the round including Ravindra Kumar (Frontier), Etiënne (TRGC), Sandeep Nailwal (Polygon previously Matic Network), Tushar Aggarwal (Persistence. One), Chandresh Aharwar (Unilend Finance), and Aniket Jindal (Biconomy).
Oddz Finance aims to provide a seamless derivative experience to users addressing the broader spectrum prevalent in the DeFi derivatives market. It strives to bring DeFi to mainstream adoption by promoting cross-chain trades and a high degree of intuitive user experience to attract derivative traders to experience the permissionless ecosystem. Following a user-centric approach, Oddz Finance is a decentralized derivative platform with key attributes unleashing the true potential of DeFi by unique product functionalities and value propositions.
Next-generation Player in the DeFi Derivatives Space
Oddz Finance is promoting a massive-development approach in the derivatives industry. Introducing attributes like customized option trades, transparent premium discovery mechanisms, and budget-friendly trades is bound to attract enthusiastic traders to exercise flexible and secure option trades. Platform users will be able to earn passive income through liquidity mining pools and staking mechanisms, driving increased participation on the trading platform.
Oddz Finance, through its ongoing efforts, is bridging the gap between the traditional finance models integrated into the DeFi space. With the aim of capitalizing on the prevalent DeFi adoption drive, Oddz Finance is all set to dive into the depths of vigor and enthusiasm to revolutionize the derivatives industry.