EthosX
The protocol for derivatives on blockchains
Founders
Not read from YC yet; the weekly run fills these in.
Same space
Competitors
Closest in what they build, same category.
GlobeW19coinbase for derivativesShared: defi, fintechActive
RainbowS19Open-source, design centric software for interacting with blockchainsShared: defi, crypto / web3Active
BitaccessS14We make bitcoin simple.Shared: fintech, crypto / web3Acquired
TotalisX26derivative layer for prediction marketsShared: derivativeActive
Adjacent
Overlapping tags, a different niche.
ApolloW22Payments & Loyalty InfrastructureShared: defi, fintech, crypto / web3Active
HedgehogS21Cryptocurrency Robo-adviser. Buy. Balance. Relax.Shared: defi, fintech, crypto / web3Inactive
PayfuraS22Global payment gateway to buy/sell cryptoShared: defi, fintech, crypto / web3Inactive
FluxW21Cross border Payments infrastructure for internet businesses and…Shared: defi, crypto / web3Active
TheyaW23The world's simplest Bitcoin self-custody solutionShared: fintech, crypto / web3Active
Also from S22
Batchmates in Summer 2022.
AlteryaS22Protecting Humans from ScamsAcquired
CODEXAS22The AI-native financial platform for enterprisesActive
PrimeVaultS22Infrastructure powering stablecoin and digital financeActive
AiPriseS22AI-powered Global Compliance PlatformActive
AldaraS22HOA manager with automated operationsActive
AlgoTestS22Ecosystem for options trading in IndiaActive
About 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.
Claymont, DE, USA; Bengaluru, KA, India; Mumbai, MH, India; Remote
EthosX: questions
Which YC batch was EthosX in?
EthosX was in Y Combinator's Summer 2022 batch (S22).
Is EthosX still active?
Y Combinator lists EthosX as active.
Where is EthosX based?
EthosX lists Claymont, DE, USA; Bengaluru, KA, India; Mumbai, MH, India; Remote as its location on YC's directory.
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