Participated · Initial Coin Offering · Dec 2021

Zeta Markets is a DeFi derivatives trading platform that leverages Solana's censorship-resistant infrastructure. The platform provides price updates, liquidation mechanisms, rapid on-chain settlement, and ultra-low fees for derivatives traders. It is designed to promote liquidity and enable non-custodial, low-collateral derivatives trading. Zeta emphasizes fast settlement and on-chain clearing to reduce friction for traders. The company recently attracted outside capital, indicating investor interest in its product and growth trajectory. Zeta Markets is a decentralized platform built on Solana that facilitates liquid, non-custodial, and natively under-collateralized derivatives trading. It allows traders to post a fraction of the full price of futures and options while supporting cross-margining so traders can account for all holdings and share profit and loss across positions. The protocol leverages Solana’s censorship-resistant infrastructure to provide sub-second pricing updates, liquidations, trade execution and settlement with gas fees under $0.01. An on-chain options market maker (OMM) prices and quotes all options and futures in real time to guarantee liquidity. At launch the platform will offer options and futures for popular cryptocurrencies and include institutional-grade features such as an orderbook and matching engine powered by Serum, instant settlement, portfolio cross-margin, and sub-second mark-to-market updates. The company plans to accelerate development, grow the business, and encourage composable project integrations.

Led · Seed · Jun 2021

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.