Atomic.Finance is a non-custodial trading platform that enables users to trade Bitcoin options using Discreet Log Contracts (DLCs), allowing for on-chain verification of their assets without relinquishing custody. This platform addresses the risk of losing Bitcoin to centralized exchanges by providing a secure alternative for speculating on price movements and hedging against volatility.
Funding
$2.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Centralized cryptocurrency exchanges present a significant risk to Bitcoin holders, as these platforms require users to relinquish custody of their assets, creating vulnerability to loss through hacks, exchange failures, or regulatory actions. Traditional methods of trading Bitcoin options often involve wrapping or pegging BTC to other chains, introducing additional complexities and potential security concerns.
Solution
Atomic.Finance offers a non-custodial Bitcoin options trading platform leveraging Discreet Log Contracts (DLCs) to enable users to speculate on price action and hedge against volatility without ever giving up control of their Bitcoin. By utilizing DLCs, Atomic.Finance allows for on-chain verification of assets and contract terms, ensuring transparency and eliminating the need to trust a centralized intermediary. The platform's architecture mirrors that of Lightning channels, minimizing on-chain footprint and preserving user privacy. Users can engage in manual options trading or utilize automated strategies like covered calls, all while maintaining true financial sovereignty over their Bitcoin holdings.
Target Audience
Atomic.Finance targets Bitcoiners seeking to trade options, speculate on price movements, or hedge their holdings against volatility without the risks associated with centralized exchanges or wrapped Bitcoin solutions.
Features
- Non-custodial trading: Users retain complete control over their Bitcoin throughout the trading process.
- Discreet Log Contracts (DLCs): Employs DLCs for secure and verifiable Bitcoin options trading.
- On-chain verification: Allows users to monitor their Bitcoin's location on-chain at any time.
- Manual options trading: Provides a straightforward interface for expressing market views and executing trades.
- Automated covered call strategy: Enables users to earn premiums on their Bitcoin holdings with a conservative, automated strategy.
- Bitcoin-native: Eliminates the need for wrapping or pegging BTC to other chains.
- Oracle Price Feed: Uses a price oracle to attest to the correct price.
- Mobile App: Available on iPhone, iPad, and M1/2/3 Macs.