Entropy.io launches liquid perpetual futures for Anthropic and frontier assets on Hyperliquid after raising $14M from Ribbit Capital and staking $40M in HYPE.
DeFi & Yields ·
Entropy.io has launched perpetual futures contracts for Anthropic and other frontier assets on the Hyperliquid exchange, marking what the platform claims is the first liquid trading mechanism for the pre-IPO company. The launch follows a $14 million fundraise led by Ribbit Capital and a $40 million commitment to stake in HYPE tokens.
The platform's core innovation centers on liquidity-weighted oracles that adjust confidence in external price feeds based on available order-book depth, enabling price discovery to occur directly on the exchange rather than relying solely on external data. This mechanism is designed to address persistent issues in trading novel assets: pre-IPO markets have historically suffered from short-dated requirements and minimal liquidity, while perpetual contracts on public equities have faced high funding rates and thin liquidity during non-trading hours.
Entropy.io positions perpetual futures as a flexible vehicle for reconstructing nearly any asset class through innovations in oracle and funding-rate design. The founding team draws from Citadel Securities, Optiver, Polymarket, and Millennium. What remains unclear is the depth of liquidity achieved in live markets, the specific performance of Anthropic contracts relative to other offerings, and the timeline for rolling out additional frontier assets beyond what is currently live.