REVOLUTIONIZING DEFI OPTIONS TRADING
The decentralized finance (DeFi) ecosystem has seen rapid growth, yet the options trading segment remains largely underdeveloped. Traditional options markets in finance are vast, often surpassing spot markets in activity. However, the DeFi space lacks comparable robust infrastructure, creating a significant gap and an opportunity for innovation. Panoptic is positioned to fill this gap by introducing a perpetual, oracle-free options protocol built on top of Uniswap’s automated market maker (AMM) infrastructure.
WHY WE INCUBATED IN PANOPTIC
Panoptic is building a decentralized platform that allows for the trading of perpetual options directly on the Ethereum blockchain. By leveraging Uniswap’s AMM, Panoptic enables users to trade options on any ERC-20 token without the need for intermediaries, offering a unique value proposition in the DeFi space.
Panoptic addresses the limitations of traditional and DeFi options by eliminating the expiration dates associated with traditional options, allowing for continuous trading and hedging strategies. This approach, known as "panoptions," brings new flexibility and innovation to DeFi trading strategies, making it possible to create sophisticated options trading systems with ease.
The options market in traditional finance is well-established, yet in DeFi, it represents only a small fraction of daily trading volumes. Panoptic’s goal is to expand this market by making options more accessible, user-friendly, and integrated with the broader DeFi ecosystem. The platform’s potential to unlock new financial products and strategies in DeFi presents a compelling growth opportunity.
Panoptic is led by a strong team with deep expertise in both academia and the blockchain industry. Co-founder, Guillaume Lambert, a professor of applied physics at Cornell University, brings a strong research background, while Jesper Kristensen, former head of research at Advanced Blockchain AG, adds extensive industry experience. Together, they are pioneering the development of Panoptic’s innovative options protocol.
Key Team Members:
- Guillaume Lambert – Co-Founder & CEO
Guillaume’s academic background and focus on applied physics have driven Panoptic’s innovative approach to options trading in DeFi.
- Jesper Kristensen – Co-Founder & COO
Jesper’s experience in blockchain research and development is instrumental in bringing Panoptic’s vision to life.
Panoptic has raised a total of $11.5 million across two seed funding rounds. The first round, in December 2022, raised $4.5 million, led by gumi Cryptos Capital with participation from Uniswap Labs Ventures, Coinbase Ventures, and Jane Street. The most recent round, in November 2023, secured an additional $7 million, led by Greenfield Capital with contributions from HashKey, gumi Cryptos Capital, and others. This funding will support Panoptic’s platform development, including its upcoming mainnet launch and V2 product release.
We are excited to support Panoptic as they bring groundbreaking innovation to the DeFi options market, with the potential to significantly expand and democratize access to advanced financial products in the decentralized economy.
For more information about Panoptic and to explore potential opportunities, please visit Panoptic’s website.
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