DeFi options protocol Pods Finance has completed a $5.6 million seed round financing, with participation from IOSG and others
ChainCatcher news, DeFi options protocol Pods Finance today announced the completion of a $5.6 million seed round financing, with participation from IOSG, Tomahawk, Republic, Framework Ventures, 4RC, and others. The funds will be used to create structured products for crypto assets.It is reported that Pods Finance was formerly known as ohmydai, launched in November 2019, and is a decentralized, non-custodial American options protocol aimed at guiding the market for any ERC20 token using algorithmic pricing and specific options AMM. Pods Yield is a series of open-source smart contracts that run known investment strategies algorithmically, accept deposits, and process withdrawals. (Source link)