According to Odaily, the native options protocol based on Berachain, IVX, has successfully completed a seed funding round on platform X, raising $1.2 million. The round was led by Animoca Ventures and AVID3, with participation from Big Brain Holdings, Web3Port, Cogitent Ventures, Forbole, SerDAO, Autistic Waterfowl Venture Capital, and a group of angel investors. The valuation data has not been disclosed yet.
IVX is built on the Berachain Polaris EVM technology stack. It provides zero-day to expiry (0DTE) options for crypto assets in a permissionless and secure manner. This approach eliminates liquidation risk for buyers and allows users to achieve high leverage exposure with minimal capital. The IVX Artio test network is currently open.