EthosX YC 지원서

Summer 2022Active

EthosX은(는) Summer 2022 배치에서 Fintech 회사로 Y Combinator를 거쳤습니다. 아래에는 회사의 사업 내용, 창립자, 그리고 실제 YC 양식에 맞춰 재구성한 YC 지원서가 있습니다.

YC 배치: Summer 2022
산업: Fintech
팀 규모: 2
상태: Active
출시됨: 2022

창업자

Deepanshu.Founder
Smit PatoliyaFounder

EthosX의 사업 내용

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.

EthosX의 YC 지원서, 재구성됨

Y Combinator 지원

EthosX, Summer 2022 기수. 공개 데이터를 기반으로 작성된 실제 지원 질문.

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.

전체 지원서에서 21개의 추가 답변

Founders, Progress, Idea, Equity, Curious, Batch Preference는 전체 버전에 있습니다. 무료 계정을 만들어 YC Insights에서 모든 YC 배치 옆에 열어보세요.

전체 지원 보기

자주 묻는 질문

EthosX의 실제 YC 지원서인가요?

아닙니다. Y Combinator는 제출된 지원서를 비공개로 유지합니다. 이것은 재구성된 것입니다. 실제 YC 양식 질문에 EthosX의 공개 데이터(출시 노트, 창업자 배경, 제품 설명)를 기반으로 답변했습니다. EthosX과 같은 회사가 YC에 어떻게 자신을 소개하는지 보여주며, 그들이 제출한 텍스트는 아닙니다.