We’re excited to share that we’ve raised a $2.15M pre-seed round led by 6th Man Ventures, with additional participation from angels including Winslow Strong, Justin Mares, Murad Mahmudov, Mirko Schmiedl, and others.
These funds will help us continue to build out our core products: USDO (a synthetic dollar) and OPB (a yield-bearing perpetual bond).
We believe that stable-value assets are critical infrastructure for decentralized finance. OpenDelta's synthetic model bridges CeFi liquidity into DeFi in a trust-minimized way that allows users to access sustainable dollar-denominated savings and yield. USDO and OPB provide stable value, native yield, scalability, and collateral that doesn't require users to interact with the legacy fiat banking system.
USDO and OPB will go live next month. You can join the waitlist here and follow us on Twitter/X.
Individuals and institutions who are interested in minting and holding USDO can contact our team to learn more!