Hxro Network is a liquidity, risk, and margin primitive for risk-based applications built on the Solana blockchain. It provides support for a full suite of on-chain derivative markets and offers protocols that enable market makers, traders, operators, and other participants to create and connect to globally aggregated liquidity. The protocols combine the risk, margining, clearing, and capital efficiencies of centralized derivatives with the open, trustless, and censorship-resistant elements of DeFi. Solana is described as a key component, supplying the censorship-resistant infrastructure, speed, and low marginal transaction costs needed to facilitate derivatives markets at scale. The Network plans to initially support markets for crypto-assets and later extend to markets for any high-fidelity data supplied by network-approved oracles, with v1 network components scheduled to launch to Solana mainnet next month and into Q1 next year. Hxro Network closed a $34M strategic funding round to fund the network treasury, bootstrap early protocol liquidity, and finance network rewards. Hxro is a crypto derivatives firm that built the Hxro Network, a decentralized protocol on Solana offering permissionless access to liquidity in options markets. The network aims to increase liquidity by combining an automated market maker with access for traditional options market makers. Hxro began with a gamified binary futures product called MoonRekt. Founders Dan Gunsberg and Rob Levy drew on prior careers as traders to design products for crypto traders. Company leadership highlights the need to enable hedging and position-taking for larger funds during periods of expanded volatility. The firm recently completed its largest single-investor fundraising to date.

Total raised

$49M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2021