Hypernova completes $3 million pre-seed round, led by Lemniscap

Odaily reports that Hypernova has announced the completion of a $3 million pre-seed funding round, led by Lemniscap, with participation from Very Early Ventures, CMS Holdings, Pivot Global, and multiple angel investors from the Hyperliquid ecosystem.

The project's main business is building a proprietary trading platform on Hyperliquid, using smart contracts to automate trader payouts, and dynamically determining whether to push positions to market based on trader quality. (The Block)