GammaSwap adds support for Arbitrum

ChainCatcher news, according to CoinDesk, DeFi structured product GammaSwap has added support for Arbitrum. GammaSwap allows DeFi users to borrow LP tokens from AMM and "short" these LP tokens to hedge the collateral provided or create low-risk trading strategies.

GammaSwap stated that it plans to deploy on more blockchains in the future, such as BNB Chain and Ethereum, and support Uniswap LP tokens.

According to the crypto data platform RootData, GammaSwap announced the completion of a $1.7 million seed round financing in February this year.