The DeFi derivatives trading platform Coral Finance has completed a $1.5 million funding round, led by Zebec Labs

According to ChainCatcher news, the DeFi premium trading mechanism on-chain derivatives trading platform Coral Finance has announced the completion of a $1.5 million investment, led by Zebec Labs, which provides comprehensive ecological incubation support.

Coral Finance is the first derivatives trading platform on Nautilus Chain, offering reliable and long-term liquidity solutions for ecological projects through an innovative premium pool, while also improving users' capital efficiency. In the later stages, the platform will focus on asset appreciation, asset circulation, and risk hedging to build a product matrix.

It is reported that Nautilus Chain is a modular Layer 3 chain built on Eclipse and Celestia, launched by Zebec Protocol. Investment institutions include several leading investors such as Circle, Coinbase Ventures, Polychain, Shima Capital, Lightspeed Venture, DST Global, and OKX Ventures.