Divergence Completes Seed and Private Financing Rounds Raised $2.9 Million

The platform for volatility hedging and trading with a focus on blockchain-native asset prices, Divergence, succesfully completes it private seed funding round and raises $2.9 million. The event was led by top crypto investors such as  Nothing Research, Focus Labs, Arrington Capital, P2P Capital, Orthogonal Trading, Taureon, HashKey Capital, Youbi Capital, Digital Finance Group, and others. Angel investors include Do Kwon from Terra Labs, Diane Dai from DoDo, Sandeep Nailwal from Polygon, Igor Barinov from xDai, and others.

The $DIVER token has three major uses initially. These are Staking, where token holders who stake $DIVER tokens will be eligible to claim, on a periodic basis, a certain percentage of protocol fees that go into the fee pool. Buy Back & Burn, a portion of protocol fees will also be swapped for $DIVER and taken out of circulation to create deflationary pressure and support the token. Governance, where token holders can vote to determine relevant parameters of the platform, including fee rates, introduction of new supported underlying assets, and more.

ABOUT DIVERGENCE
Divergence is a decentralized platform for volatility hedging and trading with a focus on blockchain-native asset prices, LP tokens, interest rates, DeFi farming and staking rewards.

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