DeFi options protocol Pods Finance has completed a $5.6 million seed round financing, with participation from IOSG and others

2022-12-20 08:57:53

Collection

ChainCatcher news, DeFi options protocol Pods Finance today announced the completion of a $5.6 million seed round financing, with participation from IOSG, Tomahawk, Republic, Framework Ventures, 4RC, and others. The funds will be used to create structured products for crypto assets.

It is reported that Pods Finance was formerly known as ohmydai, launched in November 2019, and is a decentralized, non-custodial American options protocol aimed at guiding the market for any ERC20 token using algorithmic pricing and specific options AMM. Pods Yield is a series of open-source smart contracts that run known investment strategies algorithmically, accept deposits, and process withdrawals. (Source link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.