Berachain-based native options agreement IVX completes $1.20 million seed round, led by Animoca Ventures and others
2024-05-25 02:43:09
IVX, a Berachain-based native options protocol, completed a $1.20 million seed round on the X platform, led by Animoca Ventures and AVID3, and participated in the investment by Big Brain Holdings, Web3Port, Cogitent Ventures, Forbole, SerDAO, Autistic Waterfowl Venture Capital, and a group of angel investors. Valuation data has not been disclosed yet. IVX is based on the Berachain Polaris EVM technology stack and provides zero-day expiration (0DTE) options for cryptoassets in a permissionless and secure manner. Buyers have no liquidation risk and allow users to achieve high leverage exposure with minimum capital. Its IVX Artio testnet is currently open.
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