Orthogonal Trading

Pact is a decentralized Automated Market Maker (AMM) built on the Algorand protocol, offering deep liquidity and low transaction fees.

Zeta Markets is an under-collateralized DeFi derivatives platform, providing liquid derivatives trading to both individuals and institutions.

Bamboo is an app for micro-investing that enables users to easily invest in commodities and cryptocurrencies.

Lyra is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Lyra Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Lyra to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.

Divergence is a decentralized derivatives platform for volatility hedging and advanced financial products centered around blockchain-native asset prices. The Divergence team is currently developing a range of decentralized volatility derivatives and volatility index products with the aim of becoming the go-to platform for risk-averse users seeking to hedge both one-sided and two-sided volatility risks, risk-tolerant users looking to trade and gain leveraged exposure to volatility, as well as risk-neutral users looking to participate as liquidity providers by funding volatility markets and earning fees.

handle.fi is a decentralized multi-currency stablecoin protocol that allows users to leverage trade, swap, borrow, and earn from multi-currency stablecoins called fxTokens. These are collateral-backed stablecoins representing, and soft-pegged to, a range of currencies. Users can borrow in their local currency by depositing eligible collateral as defined by the protocol's governance process.

Volmex pioneered the first crypto volatility index and tradable crypto volatility product, Volatility Token V1. The Volmex Implied Volatility Indices (e.g. EVIV Index and BVIV Index) track the 30-day implied volatility of Bitcoin and Ether, respectively. Volmex is building a perpetual futures exchange, which will be the first venue to trade volatility index perpetual futures.

Alchemix Finance is a future-yield-backed synthetic asset platform that allows users to leverage a range of tokens without the risk of liquidation.