Application YC di EthosX

Summer 2022Active

EthosX ha partecipato a Y Combinator nel batch Summer 2022 come azienda Fintech. Sotto: cosa fa l'azienda, chi l'ha fondata e la sua application a YC, ricostruita domanda per domanda nel form reale di YC.

Batch YC: Summer 2022
Settore: Fintech
Dimensione team: 2
Stato: Active
Lanciata: 2022

Founder

Deepanshu.Founder
Smit PatoliyaFounder

Cosa fa EthosX

EthosX is a decentralized finance platform creating end-to-end financial derivatives on blockchains. No centralized exchanges, clearinghouses, depositories, clearing banks, CSD participants etc. required. We are starting with cryptocurrency options first, with the intention to move towards other crypto derivatives and traditional finance derivatives eventually. For example, one can buy a bitcoin hedging token directly from EthosX without involving any exchange or counterparty and earn profits when the bitcoin price is falling (similar to a put option). It is perpetual and is completely on-chain, end-to-end. It is held as a token in wallets and can be sold/transferred to anyone at any time. At institutional level, using EthosX’s options infrastructure two hedge funds can trade high-value on-chain options with each other directly without involving any banks or brokers with zero counterparty risk and zero settlement risk. We are also providing derivatives infrastructure to other crypto companies who want to use these products as a part of a larger package to their customers. Global derivatives ecosystem is broken. Derivatives trading in traditional finance has way too many gatekeepers and intermediaries. Crypto was supposed to be free of these issues and a solution to all of this, but it is itself getting more and more centralized with disastrous consequences. We at EthosX intend to pick the best of both worlds and change the way retail and institutional financial derivatives are traded world over.

Application YC di EthosX, ricostruita

Domanda per Y Combinator

EthosX, batch Summer 2022. Le vere domande del form, risposte da dati pubblici.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

EthosX

Describe what your company does in 50 characters or less.

The protocol for derivatives on blockchains

What is your company going to make? Please describe your product and what it does or will do.

We are building a decentralized finance platform for financial derivatives directly on blockchains. Our initial product is cryptocurrency options - for example, bitcoin hedging tokens that users can buy and hold without involving any centralized exchange or counterparty. These tokens are perpetual and fully on-chain, enabling anyone to transfer or sell them peer-to-peer. Institutionally, our infrastructure allows hedge funds to trade high-value options with zero counterparty and settlement risk, cutting out banks and brokers. We also provide derivatives infrastructure to other crypto companies looking to offer these products to their customers.

Where do you live now, and where would the company be based after YC?

We live and work across Claymont, DE; Bengaluru, KA; and Mumbai, MH, with remote team members. Post-YC, we will remain distributed but officially based in the U.S.

Explain your decision regarding location.

Our locations reflect where we and our team members currently live. Blockchain development and DeFi talent span globally, and we value the flexibility of a distributed setup. Being officially U.S.-based helps with infrastructure and business.

21 risposte in più nell'application completa

Founders, Progress, Idea, Equity, Curious, Batch Preference sono nella versione completa. Crea un account gratuito per aprirla in YC Insights, accanto a ogni altro batch YC.

Vedi domanda completa

Domande Frequenti

Questa è l'application YC reale di EthosX?

No. Y Combinator mantiene private le application inviate. Questa è una ricostruzione: le domande del form YC reale, a cui si è risposto usando i dati pubblici di EthosX (note di lancio, background dei founder, descrizione del prodotto). Mostra come un'azienda come EthosX si presenterebbe a YC, non il testo che hanno inviato.