Nibiru is a decentralized crypto derivatives protocol that aims to be the first mainstream multichain solution, unifying derivatives trading, spot trading, staking and bonded liquidity. The protocol is currently in private testnet and the team says it will launch a public testnet later this year and mainnet by Q1 2023. Nibiru intends to serve users across over 40 blockchains and to create composable yield in rising and falling regimes using decentralized perps and options. An investor deck says the protocol will offer unlocked hedging opportunities, extremely low gas costs, MEV resistance and high futures volume. The company was co-founded by Tribe Capital GP Arjun Sethi alongside four industry veterans including Sankha Banerjee and Boris Revsin, and has attracted nearly two dozen contributors from firms such as Meta, Reddit, JPMorgan and Yahoo. Financially, Nibiru raised $7.5 million in seed funding at a $100 million valuation.

Total raised

$8M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2022