Hxro

Hxro is a financial technology firm operating within the cryptocurrency space, specializing in the development of decentralized derivatives infrastructure. The company was founded in 2018 by Dan Gunsberg and Rob Levy. Both founders bring extensive experience from the world of traditional finance, with over two decades each in derivatives trading and market-making before they ventured into the digital asset space around 2015. Gunsberg's background includes serving as Chief Operating Officer at the proprietary trading firm DV Trading, while Levy's career was focused on options market-making. Their combined expertise in legacy financial markets informed their approach to building Hxro, aiming to create more accessible and user-friendly trading experiences.

The core of Hxro's business is the Hxro Network, a decentralized liquidity, risk, and margining primitive built on the Solana blockchain. It provides the foundational infrastructure—including exchange, risk, margin, and settlement functions—for developers to build a wide spectrum of derivatives and gaming applications. This model positions Hxro as a liquidity layer, solving the problem of fragmented liquidity that often hinders on-chain derivatives markets. Rather than applications needing to source their own liquidity, they can integrate with Hxro's protocols to access a shared, unified liquidity pool for instruments like perpetual and expiring futures, swaps, and options.

Hxro's business model generates revenue through network fees collected on all transactions that occur on applications powered by its infrastructure. The ecosystem is powered by the HXRO token, which functions as both a utility and governance token. The tokenomics are designed to align the interests of the network and its participants. A significant portion of network transaction fees, 50%, is distributed to users who stake their HXRO tokens, creating a revenue-sharing model. Another 25% of fees go to the network treasury, and the remaining 25% are used for HXRO token buybacks. Furthermore, staking HXRO provides users with benefits such as discounted transaction fees, with higher stakes leading to larger discounts. The HXRO token was initially launched as an ERC-20 token on Ethereum and is now also available on Solana as an SPL-wrapped token.

Keywords: decentralized derivatives, liquidity protocol, Solana blockchain, crypto trading, financial infrastructure, on-chain liquidity, risk management, HXRO token, Dan Gunsberg, staking rewards, derivatives trading, crypto gaming, Web3, DeFi, parimutuel, tokenomics, financial software, blockchain capital, digital assets, perpetual futures