Decentralized derivatives platform Polysnth has recently announced to have raised $3M in its latest strategic round, which has seen participation from LedgerPrime, QCP Capital, Morningstar Ventures, LUX Capital, CSP DAO, and many others.
Founded in 2021 and built on Polygon, Polysynth is an all-encompassing derivatives platform offering options, perpetual futures, synthetic assets, and prediction markets, to enable users to gain in all market conditions. The new funds will be used to optimize security via audits from leading blockchain security firms, create new products within the derivatives offer, and expand the team of developers, designers and marketers.
The project's long-term goal is to become a crucial player in the confluence between DeFi and TradFi while developing a fully on-chain platform that does not require third parties behind the scenes.
Read the full announcement ➡️ here
Learn more about Polysynth ➡️ here
