EthosX (YC S22) — The protocol for derivatives on blockchains
EthosX is a decentralized finance platform creating end-to-end financial derivatives on blockchains. No centralized exchanges, clearinghouses, depositories, clearing banks, CSD participants etc. required.
EthosX is a Y Combinator company in the Summer 2022 batch. Its directory entry describes it as: The protocol for derivatives on blockchains. The founders listed are Deepanshu . (Founder), Smit Patoliya (Founder) (Y Combinator directory entry, July 12, 2022).
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EthosX is a decentralized finance platform creating end-to-end financial derivatives on blockchains. No centralized exchanges, clearinghouses, depositories, clearing banks, CSD participants etc. required.
We are starting with cryptocurrency options first, with the intention to move towards other crypto derivatives and traditional finance derivatives eventually.
For example, one can buy a bitcoin hedging token directly from EthosX without involving any exchange or counterparty and earn profits when the bitcoin price is falling (similar to a put option). It is perpetual and is completely on-chain, end-to-end. It is held as a token in wallets and can be sold/transferred to anyone at any time.
At institutional level, using EthosX’s options infrastructure two hedge funds can trade high-value on-chain options with each other directly without involving any banks or brokers with zero counterparty risk and zero settlement risk.
We are also providing derivatives infrastructure to other crypto companies who want to use these products as a part of a larger package to their customers.
Global derivatives ecosystem is broken. Derivatives trading in traditional finance has way too many gatekeepers and intermediaries. Crypto was supposed to be free of these issues and a solution to all of this, but it is itself getting more and more centralized with disastrous consequences.
We at EthosX intend to pick the best of both worlds and change the way retail and institutional financial derivatives are traded world over.
Deepanshu .
Founder
Smit Patoliya
Founder
Founders, titles and bios as the company published them. Photographs are our own copies of the ones on that record, so they do not break when the original link expires.
No investor is drawn from a Form D — the form states how many invested and never who. The one investor on this graph is named because a batch has exactly one.
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Example from a real report (our sample on Target): “Target eliminated approximately 1,800 corporate positions, with around 1,000 employees receiving layoff notices and the remainder accounted for by eliminating open roles.” Source: NBC News
A Full Report on EthosX: verified, sourced, every claim cited, ready in a few minutes. See pricing.
What the Full Report on EthosX covers
The Short Answer
Which Company This Is
What They Do, And How The Money Works
Who Runs It, And How To Reach Them
The Money: Funding, Valuation, Runway
Who Pays Them, And Who They Are Up Against
Warning Bells
Sources
1 cited source found
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