In DeFi, trading crypto options and hedging volatility can be hard. Divergence, an emerging decentralized protocol, aims to make it simple for users. It offers binary options for blockchain-native asset prices, LP tokens, interest rates, and farmed yields. In just three months after its social media debut, it quickly gained traction with crypto communities.
The protocol is backed by some of the leading VCs in the blockchain industry such as KR1, Mechanism Capital, Arrington Capital, and P2P Capital. Its list of angel investors includes Do Kwon from Terra Labs, Diane Dai from DoDo, Sandeep Nailwal from Polygon, and Igor Barinov from xDai. It recently revealed strategic investments from Huobi Ventures and AscendEx. ‘’To us, we solidly believe Divergence Protocol would be one of the most important pieces in the Defi puzzle,’’ stated Alex Dong, Research Analyst of Huobi Ventures.
Divergence’s first product is an immediately scalable, easy-to-use AMM-based marketplace for binary options. Traders can trade synthetic binary