Divergence is a decentralized platform for volatility hedging and trading that focuses on blockchain-native asset prices, LP tokens, interest rates, and DeFi farming and staking rewards. Its token, $DIVER, has three initial uses: staking to claim a share of protocol fees, buy back & burn to create deflationary pressure, and governance to vote on platform parameters. Staking makes token holders eligible to periodically claim a percentage of protocol fees that go into the fee pool, while a portion of protocol fees will be swapped for $DIVER and removed from circulation. Governance via $DIVER lets holders vote on fee rates, the introduction of new supported underlying assets, and other platform parameters. The company completed seed and private financing rounds, raising $2.9 million. Investors named in the announcement include institutional crypto funds and noted angel backers.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2021