D8X Raises $1.5 Million in Pre-Seed Round for Decentralized Derivatives Platform
D8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, has announced a successful $1.5 million pre-seed round with support from Polygon Ventures and other notable investors. The funding will be used to launch a decentralized derivatives trading platform in the second half of 2023, providing a white-labeling solution for trading partners seeking access to powerful derivatives products. D8X aims to bridge the gap between centralized and decentralized finance by offering a solution for centralized players to offer decentralized crypto derivatives to their clients without the need for in-house development.
Key Points:
- D8X’s pre-seed round raises $1.5 million with support from Polygon Ventures and other investors.
- D8X plans to launch a decentralized derivatives trading platform in the second half of 2023.
- White-labeling solution allows partners to run their own front ends powered by D8X trade engine and shared liquidity.
- D8X’s on-chain solutions provide cost-efficient hedging and a wide range of asset support.
- D8X is the first B2B DEX built on Polygon’s zkEVM, utilizing zero-knowledge proofs for increased security and scalability.
Hot Take:
D8X’s successful pre-seed round demonstrates the growing interest in decentralized derivatives trading. By providing a white-label solution for centralized players, D8X is making it easier for institutions to enter the DeFi space. With its innovative financial engineering and regulatory compliance, D8X has the potential to reshape the future of derivatives trading and further drive the adoption of decentralized finance.
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