Charm raises seed investment from Divergence Ventures, DeFiance Capital, and Delphi Ventures.

Charm Finance, an Automatic Market Maker (AMM) that creates liquidity for decentralized options, recently closed a seed investment round led by Divergence Ventures, with participation from DeFiance Capital and Delphi Ventures.

After achieving a trading volume of $3,800,000 using only $580,000 of liquidity, Charm’s capital efficient pools for creating, pricing, trading, and settling options, became one of the fastest growing platforms for decentralized options.

Charm will now work with our world class investors to accelerate the next phase of Charm’s growth, which includes launching the Charm Governance Token, building more derivative markets, expanding in Asia, developing our community, and establishing new partnerships.

Here are some quotes from our investors on why they invested in Charm:

We’re proud to support the Charm team, which has developed a market-leading on-chain options protocol that enables users to efficiently access liquid, transparent, and composable on-chain options markets. We’re certain that in the coming years on-chain options volumes will grow by multiple orders of magnitude, and that the Charm protocol will play a foundational role in making it happen. Moreover, the Charm team is hyper-focused on constant product innovation and putting their community first — values we greatly admire.

— Divergence Ventures

Ever since we met with the Charm Finance team, we were blown away by their commitment and dedication as founders. Their focus on product quality and original thinking has led to a profound innovation within the on-chain options vertical. As decentralized derivatives grows, we are confident to back Max and Tom in their quest to creating the optimal options protocol for both users and liquidity providers alike.

— DeFiance Capital

Delphi Ventures is proud to support Charm’s unique peer-to-contract options protocol. Charm encapsulates the zero-to-one type of innovations only made possible via Ethereum/Defi that we at Delphi love to back. More importantly, investing in dedicated and passionate founders is key, and Max and Tom have shown just that.

— Delphi Ventures

Charm’s goal is to become a fully decentralized protocol completely owned by our community, and with the help of our investors, we will accelerate our path towards full decentralization over the next 18 months.

Decentralization is incredibly important to Charm, because we believe Charm is not just a protocol, but a community owned ecosystem that can bring billions of users into DeFi, and in doing so, unlock new sources of wealth for billions of people around the world.

We are incredibly proud to work with our investors to achieve these goals.