The startup offers an online crypto trading platform that enables users to take option positions on various cryptocurrencies, providing tools for price speculation and risk management. Its trading automation feature enhances decision-making and execution efficiency, allowing users to optimize their trading strategies in digital asset markets.
Funding
$3M 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
On-chain derivatives markets suffer from fragmented liquidity across multiple venues, hindering participation from larger traders due to slippage and inefficient order execution. This fragmentation prevents the realization of a robust and transparent marketplace for on-chain derivatives trading.
Solution
Hxro Network provides protocols that unify liquidity for derivatives trading and betting applications built on Solana. By composing with Hxro protocols, dApp developers can access shared liquidity, eliminating the need to source or compete for it independently. This unified approach aims to create a more efficient and accessible derivatives market, enabling faster trade execution and reduced slippage for participants. The network facilitates the creation of community-built applications integrated with Hxro's protocols, fostering a transparent marketplace.
Target Audience
The primary audience includes developers building on-chain trading dApps, traders seeking efficient derivatives markets, and participants in the Solana ecosystem.
Features
- Protocols for derivatives trading and betting on the Solana blockchain
- Unified liquidity at the protocol level, addressing fragmentation issues
- Turnkey, shared liquidity for dApps built on the network
- Support for perpetual and expiring futures contracts
- Python and Typescript SDKs for developers
- Network staking program to incentivize participation and growth
- Governance mechanisms for community involvement