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Overlay

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Category: DeFi

Overlay

Overlay Protocol is a decentralized platform that allows users to build positions on any non-manipulable & non-predictable numerical data stream without traditional counterparties like liquidity providers or market makers. Instead, users trade against the protocol itself, or effectively against all other OVL token holders. This design aims to provide deep liquidity. The protocol can support various markets, including non-traditional crypto markets (e.g., hash rate, gas prices, NFT floors) and other markets like e-sports, sneaker prices, and social-political events. Pricing is based on intermittently fetched oracle feeds, adjusted by built-in protocol mechanisms. The native token, OVL, is used as collateral for trading, for settling profits and losses, and for DAO governance. Positions on Overlay resemble perpetual futures contracts but have key differences. Overlay is a protocol that allows for the creation of markets on nearly any scalar data stream, from DeFi to real-world assets, without traditional liquidity pools or counterparties. It is built with OV, a cryptocurrency used for longing and shorting these data streams. The platform emphasizes security, having undergone three rigorous audits. The project is community-run, and consistent contributors are rewarded with Planck Cat NFTs, which grant special privileges.
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Funding Rounds

Funding Round: Public Sale
Funding Date: 1 Jan, 2025
Raised Amount: $704K
Funding Round: Public Sale
Funding Date: 1 Feb, 2024
Raised Amount: $500K
Funding Round: Seed
Funding Date: 18 Mar, 2021
Raised Amount: $2.2M
Funding Round: Seed
Funding Date: 1 Mar, 2021
Raised Amount: $2.2M

Investors