Tracer DAO raises $4.5M to launch derivatives for anything ‘with an oracle feed’
Tracer DAO has raised $4.5 million from the likes Framework Ventures, Maven 11, and Apollo Capital. Decentralized derivatives platform, Tracer DAO, has announced a successful $4.5 million fundraising round to expand its team and product suite.They hope to launch innovative derivatives for “any market with an oracle price feed,” with plans to one day allow ordinary consumers to hedge the cost of commuting and other household bills using tokenized derivatives.This week’s raise saw participation from crypto venture heavyweights, including Framework Ventures, Maven 11, DACM, and Apollo....
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