Today we're excited to announce our Ecosystem Round, an extension to our pre-seed fundraise with new participation from some of the best and brightest in the Solana ecosystem.
Investors in the Ecosystem Round include Anatoly Yakovenko (co-founder of Solana), Anagram, Stepan Simkin (Squads), Bartosz Lipiński (Cube), and Shane Molidor (Forgd). We're incredibly excited to have them on board as we continue to build out OpenDelta's suite of products.
Our first product, OpenDelta Perpetual Bond (OPB), is now live on-chain with over $5M in TVL. OPB provides simple on-chain access to the Bitcoin basis trade, allowing users to hold a stable, dollar-denominated asset that earns yield from the funding rate in Bitcoin derivatives markets. OPB is one of the first products live on Solana to leverage the interest-bearing token extension. This means that yield automatically accrues to users without requiring lockups, staking, or novel smart contract interactions. It's a fully liquid, composable, interest-bearing asset that sources yield from real economic activity in Bitcoin derivatives markets.
You can find more statistics on OPB at our app, and please reach out if you're interested in minting it!
Over the next few weeks, we plan to introduce our next set of products. Like OPB, these products leverage our trust-minimized infrastructure to bridge CeFi liquidity into DeFi to offer users easy access to institutional-grade investment products on-chain.
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