The prediction market derivatives project Totalis has completed a $500,000 seed round of financing, with participation from Y Combinator
Totalis announced the completion of a $500,000 seed round financing on platform X, with participation from Y Combinator.
Totalis is the first company to receive investment from Y Combinator entirely in the form of USDC, with the funds settled through the Solana network and hosted by Ramp. Totalis positions itself as the core derivatives layer of the prediction market, allowing users to build multi-colored combinations across categories, markets, and venues, covering geopolitical, cryptocurrency, and sports assets, aimed at enhancing capital efficiency in trading and market-making.
According to Y Combinator CEO Garry Tan, YC will make investment payments in stablecoins in the future, and this new financial track of revolution will not be conducted through ACH or wire transfers.
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