Other
Mar 2026LinkedIn company information indicates two March 2026 departures: Surbhi Singh (Co-Founder) and Akshay N (Head of Marketing).
SourceThe protocol for derivatives on blockchains
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
EthosX (also surfaced as Fliq by EthosX on LinkedIn) is a Claymont, Delaware-based decentralized derivatives startup founded in 2022. Public materials describe it as a blockchain/DeFi platform for OPerps perpetual options, institutional derivatives RFQ trading, and liquidation-protection products, with an emphasis on on-chain clearing, no intermediaries, and Kana Labs integration. Public evidence points to roughly 5 employees, a 1-10 employee range, and about $2.425M raised; no public careers page, GitHub repo, or phone number was found.
Primary product
OPerps (perpetual options) and an on-chain derivatives RFQ platform
Founded
2022
Headquarters
Claymont, Delaware, United States
Team size
1-10 employees
Industry
Software Development
Sub-industry
Decentralized finance (DeFi) / blockchain derivatives
Offices
Claymont, Delaware, United States
Bengaluru, Karnataka, India
Business model
decentralized derivatives trading protocol
institutional RFQ / OTC derivatives platform
on-chain clearing and settlement infrastructure
liquidation-protection product
Funding
Stage
Seed
Total raised
$2.4M
Latest round
Venture Round · Dec 2023
Latest amount
$1.8M
Dec 2023
Aug 2022 · Y Combinator
Mar 2022
People & investors
Founders
Co-Founder (departed Mar 2026)
Work & culture
Community- and education-oriented, with tutorials, Insider/community programs, ambassador/reward campaigns, and frequent product/news updates. No public employee culture or HR page was found.
Compensation
No public employee compensation data found; the public site mainly advertises user-facing incentives such as airdrops, zero-fee promotions, and VIP access.
Benefits
Exclusive free NFT airdrop for the first 5,000 registrants
Zero trading fees on the first $1,000 in trading volume
VIP channels
Enhanced customer support
Community rewards / Zealy campaign
Ambassador program
Product & market
Pricing
Publicly marketed as having no hidden fees, with a promotional offer of zero trading fees on the first $1,000 in volume; standard pricing is not publicly disclosed.
Differentiators
- —Perpetual options (OPerps) with a built-in 50% stop-loss
- —On-chain clearing and settlement
- —Institutional RFQ-based derivatives trading
- —Support for trading on Arbitrum and BNB Chain
- —Kana Labs front-end / wallet integration
- —Pyth-based pricing for OPerps
Technology
blockchain
DeFi
Arbitrum
BNB Chain
Pyth Network
ERC-20 tokens
MetaMask
smart contracts
on-chain clearinghouse
Kana Labs integration
Customers
retail traders
institutional traders
crypto companies and protocols
financial institutions
hedge funds
DeFi users seeking hedging or volatility protection
Competitors
Opyn
PowerTrade
Cega Finance
Flynt
Onomy Protocol
Baekdu Technologies
Scale & contact
Estimated revenue
approx. $440K ARR (third-party estimate as of Sep 2025)
Signals & risks
Latest news
EthosX blog · Jan 2025
Official blog post explaining how OPerps extend perpetual futures with options mechanics, hedging, leverage, and on-chain settlement.
GlobeNewswire · Nov 2024
Company press release stating Operps was live on Arbitrum, with 5-minute settlement cycles, on-chain clearing, institutional RFQ derivatives, and liquidation-protection development.
EthosX blog · Nov 2024
Official explainer post comparing derivatives, options, and OPerps, and describing the product and its trading use cases.
Chainwire · May 2024
Launch announcement for OPerps in partnership with Kana Labs; describes tokenized ERC-20 options, BNB Chain and Arbitrum support, and Pyth pricing.
CoinDesk / Yahoo Finance · May 2024
Consensus 2024 Pitchfest finalist list that includes EthosX among Web3 and blockchain infrastructure startups.
Jobs and careers at EthosX
0 jobs at EthosX
No open positions
Check back later for new openings