Disclosure: The information provided herein is for educational purposes only and does not constitute investment advice.
Pre-Seed Funding Success
AI Finance, a trailblazer in the decentralized finance (DeFi) landscape, has successfully secured $2.5 million in pre-seed funding to propel the development of its innovative on-chain options protocol. Leading the investment round were prominent players in the crypto trading and venture capital space, including Cumberland and Wintermute Ventures.
Revolutionizing Options Trading
The team at AI Finance is on a mission to increase the volume of options trading on the blockchain and fulfill the surging demand for structured crypto financial products. Utilizing an algorithmic market maker model, AI Finance is currently piloting its protocol on the Arbitrum network to ensure efficient liquidity bootstrapping.
Leadership and Vision
At the helm of AI Finance is CEO Dimitrios Kavvathas, a veteran with a distinguished track record at Goldman Sachs, Deutsche Bank, and Amber Group. Kavvathas, alongside a technically adept team with roots in both traditional finance and cryptocurrency startups, is set to redefine the digital asset options trading sphere. “We are truly grateful for our investors’ belief in our vision and are excited to embark on this journey to reshape the options trading ecosystem,” stated Kavvathas.
Building Blocks for Institutional Trading
AI Finance’s protocol is designed to streamline the process for achieving institutional-level options trading volumes by breaking down contracts into essential components. Its permissionless and modular infrastructure is tailored to aggregate liquidity and facilitate risk transfer across various assets and timeframes.
Looking to the Future
With an initial invite-only launch, AI Finance is gearing up to open its protocol to the public later in Q1 2024. The funding round also saw contributions from GHAF Capital, Room40 Ventures, and a cohort of angel investors. This strategic move is timed with the recovery of the DeFi sector, as it currently boasts a total value locked (TVL) exceeding $56 billion.
Final Thoughts
As AI Finance sets the stage for a transformative year in DeFi, it is important for interested parties to conduct thorough research and due diligence before engaging with any financial products or services mentioned.
Disclosure: The content herein is provided by an independent third party. AI Crypto Pulse does not endorse any products mentioned. Readers are advised to conduct their own research prior to making any financial decisions.
English