🎉The latest news from Odaily Planet Daily! DeFi structured product GammaSwap announced new support for the Arbitrum network 🚀. The emergence of GammaSwap allows DeFi users to borrow LP tokens from AMMs and "short" these LP tokens to hedge the provided collateral 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. 🌐

To review, in February this year GammaSwap announced the completion of a US$1.7 million seed round of financing💰. Investors include Skycatcher Crypto, Dialectic, Space Whale Capital, Modular Capital, Portico Ventures, Ouroboros Capital, Owl Ventures, RenGen, Manifold Trading, etc., as well as individual investors It also includes core members of GMX and the owner of the wallet with the second largest holdings on DeBank. 👏

Let us look forward to more development and innovation of GammaSwap in the blockchain industry! 🌟