{"id":31203,"date":"2020-11-03T17:17:45","date_gmt":"2020-11-03T15:17:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31203"},"modified":"2025-08-28T02:30:10","modified_gmt":"2025-08-27T23:30:10","slug":"defi-project-opium-protocol-raises-3-25-million-from-alameda-research-and-galaxy-digital","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/defi-project-opium-protocol-raises-3-25-million-from-alameda-research-and-galaxy-digital\/","title":{"rendered":"DeFi project Opium Protocol raises $3.25 million from Alameda Research and Galaxy Digital"},"content":{"rendered":"<p>Opium Protocol, a DeFi derivatives platform, raised $3.25 million in a funding round with participation from Galaxy Digital, Alameda Research, HashKey Group and CMS Holdings.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We are honoured to close 3.3M funding round with great support of <a href=\"https:\/\/twitter.com\/StaniKulechov?ref_src=twsrc%5Etfw\">@StaniKulechov<\/a>, <a href=\"https:\/\/twitter.com\/QCPCapital?ref_src=twsrc%5Etfw\">@QCPCapital<\/a>, <a href=\"https:\/\/twitter.com\/HashKeyGroup?ref_src=twsrc%5Etfw\">@HashKeyGroup<\/a>, <a href=\"https:\/\/twitter.com\/GalaxyDigital?ref_src=twsrc%5Etfw\">@GalaxyDigital<\/a>, <a href=\"https:\/\/twitter.com\/RockawayBlock?ref_src=twsrc%5Etfw\">@RockawayBlock<\/a>, <a href=\"https:\/\/twitter.com\/VENTURE_DAO?ref_src=twsrc%5Etfw\">@VENTURE_DAO<\/a>, <a href=\"https:\/\/twitter.com\/SBF_Alameda?ref_src=twsrc%5Etfw\">@SBF_Alameda<\/a>, <a href=\"https:\/\/twitter.com\/cmsholdings?ref_src=twsrc%5Etfw\">@cmsholdings<\/a>, <a href=\"https:\/\/twitter.com\/KeneticCapital?ref_src=twsrc%5Etfw\">@KeneticCapital<\/a>, <a href=\"https:\/\/twitter.com\/oneblockcapital?ref_src=twsrc%5Etfw\">@oneblockcapital<\/a>, <a href=\"https:\/\/twitter.com\/ZeePrimeCap?ref_src=twsrc%5Etfw\">@ZeePrimeCap<\/a>, <a href=\"https:\/\/twitter.com\/hjmomtazi?ref_src=twsrc%5Etfw\">@hjmomtazi<\/a> and more\u2026<a href=\"https:\/\/t.co\/lFCKB5Y8n3\">https:\/\/t.co\/lFCKB5Y8n3<\/a><\/p>\n<p>\u2014 Opium.Team (@Opium_Network) <a href=\"https:\/\/twitter.com\/Opium_Network\/status\/1323322373324623872?ref_src=twsrc%5Etfw\">November 2, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Representatives said the raised funds will help deploy new derivatives on the decentralized finance market. They also noted that Stani Kulechov, head of Aave, joined the startup as an adviser.<\/p>\n<blockquote>\n<p>\u00abDerivatives &#8230; not only allow efficient risk trading but also boost capital efficiency. These features are key for a mature financial system, and they will also be widely used in DeFi\u00bb, \u2014 noted Opium Protocol founder Andrey Belyakov.<\/p>\n<\/blockquote>\n<p>Opium Protocol is a protocol for developing, executing and trading derivative instruments. The project enables creating decentralized counterparts to traditional financial derivatives within the ecosystem.<\/p>\n<p>The team unveiled several products for the DeFi sector, including credit-default swaps for AAVE, Tether and wBTC.<\/p>\n<p>In July, Curv, a provider of custody infrastructure for storing cryptocurrencies, raised $23 million. The Series A round was led by Commerzbank Group, Coinbase Ventures and Digital Currency Group.<\/p>\n<p>In late October, <a href=\"https:\/\/u1f987.com\/en\/news\/franklin-templeton-leads-curv-funding-round-the-crypto-custody-provider\">participated<\/a> in an additional round by investment giants Franklin Templeton and Illuminate Financial.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Opium Protocol, a DeFi derivatives platform, raised $3.25 million in a funding round with participation from Galaxy Digital, Alameda Research, HashKey Group and CMS Holdings.<\/p>\n","protected":false},"author":1,"featured_media":31204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1133],"class_list":["post-31203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31203"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31203\/revisions"}],"predecessor-version":[{"id":31205,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31203\/revisions\/31205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31204"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}