Satori Finance

Satori Finance operates as a decentralized platform for financial derivatives, founded in 2021 by George Wu and Rahim Noorani. The platform officially launched in March 2023. The company targets both retail and institutional traders with a suite of features designed for varying levels of experience.

The firm has secured significant financial backing, raising $10 million in a seed funding round in May 2022. This round was led by Polychain Capital and Blockchange, with participation from notable investors including Jump Crypto, Coinbase Ventures, and Portal. Satori's core offering is a perpetuals trading platform that functions across multiple blockchains, including Polygon zkEVM, zkSync, Base, Linea, and Scroll. It provides traders with access to perpetual assets with up to 25x leverage.

The business model is centered on a hybrid design that combines "off-chain aggregation and on-chain settlement." This structure aims to provide the speed and user experience of a centralized exchange while maintaining the security and transparency of a decentralized exchange. Revenue is generated through trading fees, and the platform also features a referral program where users can earn a percentage of the fees from traders they refer. Satori employs an order book model and partners with market makers to ensure liquidity and offer exposure to a diverse range of assets. To incentivize user engagement, Satori has implemented a points program, rewarding activities such as trading volume, liquidity provision, and length of trades, with promises of a future token airdrop.

Keywords: decentralized derivatives, perpetuals trading, Polygon zkEVM, zkSync, order book, off-chain aggregation, on-chain settlement, crypto derivatives, DeFi, Polychain Capital, Coinbase Ventures, Jump Crypto, leverage trading, blockchain finance, multi-chain platform, token airdrop, liquidity provision, financial derivatives, George Wu, Rahim Noorani