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Ambit Finance - Strategic
Overview
Funding Date
December 2, 2022
Financing amount
$4.5M
Valuation
--
Category
Subcategory
About Ambit Finance - Strategic
Binance Labs, the venture capital arm and accelerator of Binance, has made a strategic investment to commit up to $4.5 million to Ambit Finance, a DApp using novel structured financial products to enhance the utility of BUSD and other select crypto assets.
The deal will also see Binance Labs and Ambit collaborate on launching future DeFi apps with a focus on innovation, security, and risk control, and partner with projects within the BNB Chain ecosystem and beyond.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Malta | 2017 | 176 | -- |
Founders & Team
Sphere CM
Company Profile / Project Introduction
Hyperdrive (formerly Ambit Finance) is a new AMM for fixed and variable yield positions underpinned by a novel pricing mechanism. It enables terms on-demand and removes the need for liquidity providers to roll over their capital allocations. Additionally, its mechanism design enables a more efficient, symmetrical yield market and is open source for others to build on.