Axis Secures $5 Million to Enhance Onchain Yield Platform
Funding and Investor Interest: Axis raised $5 million to enhance its onchain yield platform, attracting significant interest from various institutional investors, which led to an oversubscribed funding round.
Performance and Strategy: The platform's closed-beta strategies achieved a 4.9 Sharpe ratio on $100 million, demonstrating effective market-neutral mechanisms during volatile market conditions.
Product Development and Transparency: Axis aims to create a multi-asset yield hub that offers real-time performance verification, with plans to launch its first product, USDx, and later versions linked to bitcoin and gold.
Future Plans and Infrastructure: The company is set to launch on the Plasma blockchain to reduce costs and enhance efficiency, targeting a billion-dollar Origin Vault before a public launch in early 2026.
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