Announcing Our $2M Seed Raise
We’re excited to announce our $2M Seed Raise led by Dialectic with participation from Synergis Capital, Concave Ventures, Owl Ventures, Yunt Capital, Dewhales Capital, Outlier Ventures, New Order, Multisig Ventures, GTS Ventures, Hyperpyra, Strategic Angels including Marc Zeller, 0xSami, Barry Fried, Darren Camas, Slappjakke, and other anons.
What started over a year ago as an itch to address an all too familiar pain point in DeFi, Impermanent Loss, has grown into a fully-fledged on-chain Options & Derivatives primitive backed by some of the best investors and angels in the industry.
Today, Smilee’s mission is simple:
Build on-chain Derivatives enabling volatility trading at scale; become the de-facto liquidity layer, and most capital efficient primitive for DeFi Options & Structured Products.
Tucked away in our secret kitchen di volatility, we have a multi-year product roadmap to deliver everything from legacy tradfi, institutional grade, and innovative structured products such as Impermanent Gain.
Some are almost ready to be served — major announcements thoon.
