Key Takeaways
- Ostium secured $20 million in funding to build a decentralized derivatives trading platform.
- The startup is founded by Harvard graduates and operates on the Arbitrum network.
Ostium, a decentralized platform that enables on-chain trading of real-world assets through perpetual contracts on the Arbitrum network, has secured $20 million in funding, per Fortune.
The Harvard graduates behind the startup are building infrastructure that allows users to trade commodities like gold and oil using USDC or other stablecoin collateral.
The platform focuses on perpetual futures contracts that never expire and operates entirely on-chain without traditional brokers. Ostium uses a dual-oracle system for accurate pricing of real-world assets, positioning itself as a bridge between traditional commodity markets and decentralized finance.
The platform enables high-speed, low-fee trading backed by liquidity providers. Perpetual futures contracts allow traders to speculate on asset prices without expiration dates, a format that has gained popularity among crypto traders for leveraged trading of commodities and indices.
Source: https://cryptobriefing.com/ostium-secures-20m-on-chain-derivatives-platform-on-arbitrum/
