Overlay
Overlay The protocol is a decentralized platform on Ethereum that allows users to establish positions around various markets or data streams without relying on traditional counterparties. It offers markets based on price data feeds as well as data feeds that cannot be manipulated or predicted, with users taking positions against the protocol itself or simultaneously against every other OVL holder, thereby eliminating the need for liquidity providers or market makers. Trading is conducted using OVL tokens, which serve as collateral and are minted when positions are profitable or burned when positions are unprofitable.
Overview
Overlay The protocol is a decentralized platform on Ethereum that allows users to establish positions around various markets or data streams without relying on traditional counterparties. It offers markets based on price data feeds as well as data feeds that cannot be manipulated or predicted, with users taking positions against the protocol itself or simultaneously against every other OVL holder, thereby eliminating the need for liquidity providers or market makers. Trading is conducted using OVL tokens, which serve as collateral and are minted when positions are profitable or burned when positions are unprofitable.
- Sector
- # Other
- Ecosystem
- —
Team
Team information has not been disclosed.
Funding history
3 disclosed rounds- Public sale
704,200 USD
- Public sale
500,000 USD
- Seed
2,215,000 USD
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Market updates
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