$9.1M Seed Funding for Solana-based Defi Protocol Delta One

　　Delta One, a yield generation Defi protocol on the Solana blockchain, has launched a $9.1 million seed round funded by Alameda Research and Ship Capital.

　　Delta One raised a total of $9.1 million in a seed round on Tuesday, April 19. The funding will be used for the protocol's fundamental development and ecosystem expansion.

　　Solana Ventures, Raj Gokal, Electric Capital, AlleyCorp, Chris McCann, Joe McCann, and Alfred Chuang were among the other investors.

　　Delta One is a Solana yield generating technique that provides new delta-neutral and temporary loss-free farming markets. Paul and DJ Sengh founded the company in October 2021. Its objective is to develop unique, user-friendly Defi primitives that democratize the highest risk-adjusted yield opportunities in order to achieve crypto investing mass acceptance.

　　Profiting from a volatility-reducing “delta-neutral” trading method that gives users with an automated mechanism to make risk adjustments with little to no active risk management.

　　“Delta-neutral farming is a technique that many hedge funds love to use, but it can require spending hours each day crunching numbers and tracking positions when done manually by retail investors,” said DJ Sengh, Co-Founder of Delta One. “We believe democratizing these strategies through structured products will be a pivotal part of onboarding the first billion users into DeFi.”

　　The company stated that it will collaborate with new teams to create new lending markets, reserve currencies, and unique options products in order to democratize yields.

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