The derivatives trading application Euphoria has completed a $7.5 million financing round and plans to simplify operations to drop the barriers.

[Chain News] On August 8, it was reported that Euphoria, a crypto derivatives trading application based on MegaETH, announced the completion of a $7.5 million seed round financing, which includes a $2.5 million pre-seed round in November 2024 and a $5 million seed round from February to July 2025. The seed round was led by Karatage, with Figment Capital and Robot Ventures participating. Other participants include Bankless Ventures, First Commit, Hash3, Comfy Capital, and Kosmos Ventures, along with over 100 angel investors.

The project is developing a mobile "Click Trading" interface, aiming to lower the user threshold by simplifying the operation processes of derivatives such as options and perpetual contracts. The Euphoria plan is to launch the MegaETH mainnet within the year, and the business model will reference a certain trading platform, profiting through market making and trading fees. The team currently has 8 members and plans to add 3-5 engineering and product positions. The long-term roadmap includes the issuance of a native token.

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ImpermanentSagevip
· 08-08 00:42
Another sucker play people for suckers
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DeFi_Dad_Jokesvip
· 08-08 00:39
It seems that rich people are still frantically trading Options.
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ForkPrincevip
· 08-08 00:38
Wow, everyone is burning money to grab the market!
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BrokeBeansvip
· 08-08 00:33
It's just following the trend to make money, the later stage of catching a falling knife is tragic.
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