Quick take:
- Axis says it deployed $100 million in capital from existing limited capital during the protocol’s closed beta testing.
- It claims that its stress-testing market-neutral strategies have already achieved a Sharpe ratio of 4.9.
- The company currently supports yield-generation across USD, Bitcoin, and Gold.
Axis, the on-chain yield protocol that uses quantitative strategies to generate yield, has raised $5 million in a funding round led by Galaxy Ventures. The fundraising also attracted participation from FalconX, OKX Ventures, CMT Digital, Maven 11, GSR, CMS Holdings, and Marc Zeller of the Aave Chan Initiative, among others.
According to the press release seen by NFTgators, Axis deployed $100 million in capital from existing limited investors during its closed beta testing. The company, which supports yield generation across USD, Bitcoin, and Gold, claims that its stress-testing market-neutral strategies have already achieved a Sharpe ratio of 4.9.
Axis’s goal is to provide a product that offers reliable, transparent ways to earn yield that work for both institutions and everyday users.
“Most existing products rely on speculative activity or opaque strategies, making returns unpredictable and hard to verify. Axis solves this by bringing market-neutral, institutional-grade strategies fully on-chain, so performance is measurable, consistent, and built for scale, the company wrote in a statement.
Dubbed a “multi-asset yield hub,” Axis says its platform is designed to provide uncorrelated, verifiable returns across the world’s primary stores of value: USD, Bitcoin, and gold.
The platform will initially support USDx, a digital dollar that retains its value while generating yield through Axis’s arbitrage engine, when it launches on Ethereum and Plasma. Bitcoin and gold-based products are slated for addition thereafter.
“We started Axis to offer a competitive yield with the transparency needed for real institutional adoption,” said Chris Kim, Co-Founder of Axis. “What began as an idea has grown into a world-class team from quantitative trading, DeFi, and traditional finance. With Galaxy’s backing, we’re raising the standard for yield protocols and building transparent financial services at scale.”
Will Nuelle, General Partner at Galaxy Ventures, commented: “Axis brings the precision and transparency of institutional trading to decentralized markets. Their delta-neutral framework represents a risk-managed yield infrastructure built by a team with a strong track record, designed to support real adoption.”
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