Multi-chain Option Protocol Optix Secures $1.8M In Funding Round As It Launches

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Multi-chain Option Protocol Optix Secures $1.8M In Funding Round As It Launches
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Protocol for multiple-chain options Optix is very grateful for the substantial investment boost it has received from a number of prestigious venture capital firms. In a $1.8 million funding round led by Skynet Trading and including Ascensive Assets, Arrington Capital, LVT Capital, Morningstar Ventures, and SkyVision Capital, Optix enabled option markets across a wide variety of assets. Key cryptocurrency exchanges Huobi Global and Phemex contributed additional funding.

Danny Dorito, Core Team Member of Optix Protocol said: “We are beyond thrilled to welcome so many distinguished blockchain investors to our team. This funding will enable Optix to advance our mission of providing a simple trading interface for transferring risk on any crypto asset with leverage, hedging, and sustainable yield for all.”

Recently, the permissionless structured products, multichain support, permissioned DeFi, block trading, options on alternative currencies, capital efficiency, cash-settled options, and Optix Protocol were launched on various chains.

Stakeholders of the native token, OPTIX, will be able to lower their trading costs after the launch of the token in Q2 2023.