[Chain News] Asgard Finance has secured $2.2 million in a seed round, led by Robot Ventures. The lineup of follow-on investors is quite impressive—Solana Ventures, Colosseum, and Primal are all in.
Their core product is something called Credit Backed Positions (CBP), which, simply put, is a new type of structured position tool for DeFi players. The data from the closed beta phase is quite solid, with users already creating over $35 million in CBP positions.
The project runs on Solana, and the team’s idea is to make on-chain structured trading smoother and more composable. Judging by this, it’s yet another project aiming to grab a share of the high-frequency trading and complex strategy space.
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SingleForYears
· 17h ago
CBP sounds pretty good, but projects like this are everywhere on Solana. Can it survive the next cycle?
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PoolJumper
· 12-10 22:03
Solana is back with a new trick, a position of 35 million dollars isn't small, but I just don't know how long the CBP logic can hold up.
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BlockBargainHunter
· 12-10 03:59
It is a new project in the Solana ecosystem, and the logic of CBP sounds good, but the position volume of $35 million feels like it depends on the real market to run orders
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GateUser-a5fa8bd0
· 12-08 10:51
Another new thing on Solana—whether CBP can actually solve real problems or if it's just another round of hype depends on the data that comes out later.
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OldLeekConfession
· 12-08 10:51
This CBP setup is indeed quite interesting, but a $35 million position... we'll have to see if they can withstand the volatility going forward.
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TradFiRefugee
· 12-08 10:49
Another DeFi tool on Solana, $35 million TVL sounds impressive but it feels like it could easily go wrong.
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consensus_whisperer
· 12-08 10:46
This CBP thing sounds pretty good, but can a $35 million TVL really be sustained? Feels like Solana is about to be fed by VCs again this time.
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AirdropHunter9000
· 12-08 10:46
Another new trick on Solana. CBP sounds pretty good, but is this 35 million position for real?
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ForkYouPayMe
· 12-08 10:41
Another new thing on Solana. Can CBP survive the next bear market? I'm not so sure.
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ponzi_poet
· 12-08 10:34
CBP sounds pretty good, but on Solana there’s yet another complex position tool. Does it really reduce risk or just increase the likelihood of liquidation?
Asgard Finance raises $2.2 million in seed funding, launches CBP innovative DeFi tool
[Chain News] Asgard Finance has secured $2.2 million in a seed round, led by Robot Ventures. The lineup of follow-on investors is quite impressive—Solana Ventures, Colosseum, and Primal are all in.
Their core product is something called Credit Backed Positions (CBP), which, simply put, is a new type of structured position tool for DeFi players. The data from the closed beta phase is quite solid, with users already creating over $35 million in CBP positions.
The project runs on Solana, and the team’s idea is to make on-chain structured trading smoother and more composable. Judging by this, it’s yet another project aiming to grab a share of the high-frequency trading and complex strategy space.