Deltaone
Delta One is DeFi's first delta-neutral and impermanent loss free yield farming vaults.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
* | $9.1m | Seed | |
| Total Funding | 000k | ||
Delta One is a decentralized finance (DeFi) protocol operating on the Solana blockchain, established to simplify complex yield generation for a broad spectrum of investors. The company was founded in 2021 by co-founders Paul and DJ Sengh. The genesis of the protocol was a project developed for the Solana Ignition Hackathon in October 2021, born out of a desire to solve a personal pain point for the founders regarding sophisticated trading strategies.
The firm secured a significant milestone on April 19, 2022, by raising $9.1 million in a seed funding round. This investment was co-led by prominent venture capital firms Alameda Research and Ship Capital, with additional participation from Solana Ventures, Electric Capital, AlleyCorp, and notable angel investors like Raj Gokal, the co-founder of Solana. This funding was earmarked for core development and expanding the protocol's ecosystem integrations.
Delta One's core business revolves around offering structured financial products that automate advanced yield farming strategies, particularly delta-neutral positions. This approach, traditionally the domain of hedge funds, is designed to provide users with attractive, risk-adjusted returns that are insulated from impermanent loss and require minimal active management. The protocol packages these intricate trading techniques into user-friendly vaults, making them accessible to both retail and institutional clients. The client base includes individual crypto users, DAOs seeking to earn yield on their treasuries, and institutional funds looking for sustainable, high-liquidity strategies. The platform operates as a non-custodial, peer-to-peer system built on smart contracts, enabling users to engage in lending, staking, and liquidity provisioning.
Keywords: DeFi protocol, Solana blockchain, yield farming, delta-neutral strategies, structured products, crypto investment, Paul Sengh, DJ Sengh, Alameda Research, Ship Capital, liquidity provisioning, automated market maker, crypto structured products, passive yield, decentralized finance, financial primitives, Solana Ventures, impermanent loss free, crypto yield, digital assets, blockchain finance