Key Takeaways
- Ostium secured $20 million in funding to construct a decentralized derivatives buying and selling platform.
- The startup is based by Harvard graduates and operates on the Arbitrum community.
Ostium, a decentralized platform that permits on-chain buying and selling of real-world belongings by way of perpetual contracts on the Arbitrum community, has secured $20 million in funding, per Fortune.
The Harvard graduates behind the startup are constructing infrastructure that enables customers to commerce commodities like gold and oil utilizing USDC or different stablecoin collateral.
The platform focuses on perpetual futures contracts that by no means expire and operates completely on-chain with out conventional brokers. Ostium makes use of a dual-oracle system for correct pricing of real-world belongings, positioning itself as a bridge between conventional commodity markets and decentralized finance.
The platform permits high-speed, low-fee buying and selling backed by liquidity suppliers. Perpetual futures contracts enable merchants to invest on asset costs with out expiration dates, a format that has gained reputation amongst crypto merchants for leveraged buying and selling of commodities and indices.
