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IVX, an option protocol, completes $1.2 million seed round of financing, led by Animoca Ventures and others
2024-05-25 02:43:47
Odaily News Berachain-based native options protocol IVX has completed a $1.2 million seed round on the X platform, led by Animoca Ventures and AVID3, with participation from Big Brain Holdings, Web3Port, Cogitent Ventures, Forbole, SerDAO, Autistic Waterfowl Venture Capital, and a group of angel investors. Valuation data has not yet been disclosed. IVX is built on the Berachain Polaris EVM technology stack, providing zero-day expiration (0DTE) options for crypto assets in a permissionless and secure manner, with no liquidation risk for buyers and allowing users to achieve high leverage exposure with minimal capital. Currently, its IVX Artio testnet is open.