Odaily Planet Daily News DeFi structured product GammaSwap has added support for the Arbitrum network. GammaSwap allows DeFi users to borrow LP tokens from AMMs and “short” these LP tokens, hedge the collateral provided or create low-risk trading strategies.
GammaSwap stated that it plans to deploy on more chains in the future, such as BNB Chain and Ethereum, and support Uniswap LP tokens. (CoinDesk)
According to previous news, in February this year, GammaSwap announced the completion of a US$1.7 million seed round of financing. Skycatcher Crypto, Dialectic, Space Whale Capital, Modular Capital, Portico Ventures, Ouroboros Capital, Owl Ventures, RenGen, and Manifold Trading participated. Individual investors include GMX Core Members and wallet owners with the second largest holdings on DeBank, etc.