Entropy.io, a deployer under Hyperliquid’s HIP-3 framework, said it has raised $14 million in a funding round led by Ribbit Capital. The company also received $40 million in HYPE staking support. At the same time, its first market, Anthropic pre-IPO, has gone live on Hyperliquid.
According to the official announcement cited by PANews, Entropy operates as an independent market deployer within the HIP-3 framework. It offers perpetual contract trading tied to a range of assets, including global equities, commodities, indexes, and longer-dated pre-IPO shares.
The team includes researchers and traders from Citadel Securities, Optiver, Polymarket, and Millennium. Entropy said it is building a new liquidity-weighted oracle designed to address several issues in pre-IPO perpetual markets, including weak liquidity and manipulation during non-trading hours. Its stated goal is to enable deep 24/7 trading for all assets in a single venue.
Entropy.io, a deployer under Hyperliquid’s HIP-3 framework, has raised $14 million in a funding round led by Ribbit Capital, according to an official announcement cited by PANews on Aug. 25. The company also said it received $40 million in HYPE staking support. Its first market, Anthropic pre-IPO, is now live on Hyperliquid.
Entropy is an independent market deployer built on Hyperliquid’s HIP-3 framework. It offers perpetual contract trading for assets including global equities, commodities, indexes, and long-dated pre-IPO shares.
The team includes researchers and traders from Citadel Securities, Optiver, Polymarket, and Millennium. Entropy said it is focused on building a new liquidity-weighted oracle to address pain points in pre-IPO perpetual markets, including limited liquidity and manipulation during non-trading hours. Its stated goal is to enable deep 24/7 trading for all assets in a single venue.
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