Hook Protocol is a protocol for NFT options designed to enable active traders to earn more while reducing costs. The project launched on mainnet and is running a rewarded event with chests that are revealed at the end of a two‑week cycle. Users earn chests for registering and for trading; chest rarity rises with larger trading volume and yields more chests. The first season is ending soon and the article suggests the chest rewards will likely include tokens. The team encourages early participation and notes this activity could be beneficial later. Hook Protocol maintains community channels on Twitter and Discord and has notable followers including a MoonRock partner, the CEO of CoinGecko, and members of the WaterFall team. Financially, the project raised $3 million in a seed round led by Lattice Fund and Collab+Currency with participation from 12 funds.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2023