Cypher raises $2.1M to build out expiratory futures protocol on Solana

Cypher, an expiratory futures protocol built on Solana, today announced it has raised $2.1 million in a seed round co-led by Sino Global Capital, SkyVision Capital, and Blockwall Capital. With this new capital, the company will launch a protocol designed to offer synthetic derivatives products. Cypher’s focus on futures-like products with a defined settlement date…
Cypher raises $2.1M to build out expiratory futures protocol on Solana

Cypher, an expiratory futures protocol built on Solana, today announced it has raised $2.1 million in a seed round co-led by Sino Global Capital, SkyVision Capital, and Blockwall Capital. With this new capital, the company will launch a protocol designed to offer synthetic derivatives products.

Cypher’s focus on futures-like products with a defined settlement date is an anomaly in the crypto world. The ability to express timeframe-driven views on the market and deploy established trading strategies appeals to both institutions and retail, hedgers, and speculators.

“We’re more than just a protocol – we’re a change agent making it possible for previously excluded parties to participate while simultaneously letting existing participants better define what they want to trade.”


– James, one of Cypher’s core contributors

To date, Cypher has announced partnerships with Sacra, Lagoon, GenesysGo, Switchboard, and Serum. The Cypher platform will support portfolio margin, lending and borrowing, and friendly UI and UX design.

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Crypto payment processor CoinsPaid increases capital reserves to 5M EUR
Read More

Crypto payment processor CoinsPaid increases capital reserves to 5M EUR

CoinsPaid, an Estonia-based crypto payment processor, today announced that it has raised its capital reserves to 5 million euros. Operating from tech-savvy Estonia, CoinsPaid increased its capital due to new compliance requirements for cryptocurrency companies. The 5 million euro capital raise was made organically and did not require any external funding. Furthermore, this capital increase…
Dash Wallet app rolls out new fractional masternode staking feature with CrowdNode
Read More

Dash Wallet app rolls out new fractional masternode staking feature with CrowdNode

Dash now has a new staking feature in the official Dash Wallet app... Related News Horizen Labs, developer of an all-in-one public blockchain platform, today announced a new partnership with Dash, the payments-focused and e-commerce cryptocurrency to create a “reward marketing amplifier blockchain application.” The new blockchain will rewards... Read more Today, the Dash Core…
Actant trading software connects to cryptocurrency exchange Bybit
Read More

Actant trading software connects to cryptocurrency exchange Bybit

The new partnership with Bybit allows Actant users to trade and clear on Bybit... Related News Bybit, a cryptocurrency exchange platform established in March 2018, announced today that the Walken protocol, an all-in-one product based on the Walk2Play-Win2Earn concept, will launch on June 20th in partnership with Bybit as the... Read more Sumsub, the identity…
TradeStation Crypto lists 6 new coins: AAVE, COMP, LINK, MATIC, MKR, and SHIB
Read More

TradeStation Crypto lists 6 new coins: AAVE, COMP, LINK, MATIC, MKR, and SHIB

Additional coins are available now... Related News TradeStation Group, a leading online trading platform delivering technology, brokerage services, and education, today announced the official launch of its crypto brokerage platform and subsidiary TradeStation Crypto. With TradeStation Crypto, users in approved states and... Read more Today, TradeStation Group, Inc. and Deltix, Inc. jointly announced an agreement through which TradeStation Group’s…