Ostium Labs

Mission & Key Concepts

Ostium Labs is building the first on-chain perpetuals DEX for trading Real World Assets. We build on the massive growth in on-chain perpetuals, bringing a first-of-its-kind twist through a focus on RWAs.

Ostium will enable trading of an entirely new set of assets, previously unavailable on-chain — from gold & copper to wheat, oil, & forex pairs — to the most popular product in DeFi.

How? Through trade execution at prices fed in via Chainlink’s new Functions product, a semi self-service oracle enabling low-latency feeds for long tail assets.

Our trader-focused platform enables direct on-chain exposure to commodities, forex, and blue-chip crypto assets, with indices, fixed income and real estate down the line. V1 will operate under a fully synthetic model at launch, backed by a collective USDC pool on Arbitrum with parallels to the GLP model. Future evolutions will feature progressive integration of tokenized off-chain assets as stakeable tokens in the pool (e.g. indices, treasuries, credit, more). For further context, this recently published piece by @ChainLinkGod lays out the imperative for increasing integration of off-chain assets into DeFi better than anything else we’ve seen.

History & Achievements

Founded: 2022

HQ: San Francisco, California, USA

We’re on track to be the first project to launch on Mainnet using Functions for settlement. A collective liquidity pool takes on counterparty risk during periods of open interest imbalance.

We won the Pyth prize at xHack in October, were incubated by DeFi Alliance, and just raised 3.5M in seed funding.

Core Team 

Our team is led by Harvard grads with prior experience at Bridgewater, IOI, IMO, and IPhO medalists, and lead engineers for Maple Finance and 21Shares.

Benefits

• Competitive salary and equity package
• Flexible work hours and remote-friendly environment
• Flexible vacation and time-off policy
• Opportunities for personal and professional growth in a fast-paced, dynamic industry
• 4 annual company retreats (Europe & US)
• Option for fully remote work