Clear Protocol (Clear), a DeFi derivative tool that lets users create customized derivative products from DeFi, raised $2.5 Million from Huobi Ventures and Kronos Research. StillWater Research, an investor in seed rounds, also took part in this round.

Clear is an open-source derivative protocol. Clear SDK is a set of templates that allows traders and developers to create futures, options and swaps, and to launch markets to allow them to trade these products. Public beta of the Clear SDK is scheduled for 2021. The official launch will take place in the first quarter 2020.

Binance Smart Chain has already tested the protocol and they are now working on deployment on Arbitrum ecosystems. Developers and users can benefit from a presence on multiple chains to better service their needs.

Standardized derivatives have been offered in DeFi for some time. However, they are not as popular as expected. Clear takes a novel approach in offeringDeFi derivatives. They can better tailor the derivatives to investors’ needs by making them available as bespoke options. Clear SDK, which will become available to the general public over the next months, will offer barrier options and structured notes. Next will come token returns swaps and coin default swaps (CDS), and other derivative templates.

Clear leads DeFi’s charge in building NFT derivatives. As the price of the most expensive CryptoPunks NFT, which can be as high as $400,000., there is a significant barrier to entry for blue-chip NFT collections. Clear makes it possible to quickly gain exposure to top NFT Collections by building indices and making them accessible as underlying assets to derivatives.

Clear Protocol aims to establish a DeFi derivatives ecosystem in which Clear SDK developers can launch Decentralized Exchanges that offer unique derivative products.

Clear website:www.cleardao.com

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