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, a derivatives protocol, has launched on Hyperliquid offering perpetual futures contracts across pre-IPO equities, compute assets, and indices. The platform raised $14M in funding led by Ribbit Capital, and counts personnel with backgrounds from Citadel, Optiver, and Millennium among its team. Anthropic market products are now live for trading.
The protocol operates as a perpetuals venue built atop the Hyperliquid blockchain, enabling users to take leveraged positions on assets traditionally difficult to access through decentralized infrastructure. The launch includes exposure to pre-IPO company equities alongside compute and broader market indices, expanding the types of underlyings available for derivatives trading in the crypto ecosystem.
It remains unclear how trading volume and user adoption will develop, what specific regulatory pathways Entropy intends to follow for pre-IPO equity derivatives, and whether other frontier asset classes will be added beyond those currently listed.