#329 Capital
EthosX Builder 1
Y Combinator–backed on-chain derivatives protocol (perpetual options, OPerps, RFQ) on BNB Chain and Arbitrum, routing Polymarket prediction exposure through a builder code.
$ 1.1k 1m volume
Quick facts
- Founded
- 2022
- Team
- 1-10
- Funding
- Seed (2 rounds) · $2.3M raised
- Y Combinator (S22), MH Ventures, Ascensive Assets, Franklin Templeton Investments
- Pricing
- Protocol fees on derivatives · Free tier
- Chains
- BNB Chain · Arbitrum
- Venues
- Polymarket · EthosX RFQ
Stats across DAY · WEEK · MONTH · ALL
From the Polymarket public data API. Updated daily.
Today · 24h
#128
$48
5 active users
This week · 7d
#142
$93
12 active users
This month · 30d
#185
$903
81 active users
All-time · all
#329
$1.1k
101 active users
builderCode
The 32-byte hash Polymarket uses to attribute volume to this builder on-chain.
0x6a108c081501109ce52972fa038d17c9c43337c68210c34063c7e9768dd66b06 What is EthosX Builder 1?
EthosX is a Fund Strategy / derivatives protocol that uses a Polymarket builder code ("EthosX Builder 1") to route prediction-market exposure alongside its core on-chain options and perpetuals products. The protocol was founded in 2022 by Deepanshu (formerly VP, Quantitative Research at JP Morgan Chase) and Smit Patoliya (previously trading options at a quantitative hedge fund), graduated through Y Combinator, and ships derivatives without centralized exchanges, clearing houses or banks. Core products are OPerps (perpetual options with no expiration), an RFQ platform for vanilla and exotic options, and multi-asset support across BTC, ETH, altcoins and meme tokens, deployed on BNB Chain and Arbitrum with a partnership with Kana Labs. As a Polymarket builder this code is ranked #185 monthly with $903 routed across 81 active users and #329 all-time at $1.1k across 101 users — broad retail diffusion with very small ticket sizes, consistent with an embedded in-app Polymarket card rather than power-user trading.
EthosX (ethosx.finance) is a Y Combinator–backed decentralized derivatives protocol — "the protocol for derivatives on blockchains" — that ships on-chain options and perpetuals without centralized exchanges, clearing houses, depositories, banks or CSD participants. The Polymarket builder code labeled "EthosX Builder 1" appears to route prediction-market exposure inside the EthosX product as one of several integration paths.
Core products include OPerps (perpetual options with no expiration), a Derivatives RFQ Platform for customized vanilla and exotic options, on-chain clearing with protocol-level liquidation protection, and multi-asset support across BTC, ETH, altcoins and meme tokens. The protocol is deployed on BNB Chain and Arbitrum, with a partnership with Kana Labs.
EthosX was founded in 2022 by Deepanshu — formerly Vice President, Quantitative Research at JP Morgan Chase — and Smit Patoliya, previously trading options at a quantitative hedge fund. The company graduated through Y Combinator.
On-chain Polymarket traction: #185 monthly with $903 routed and 81 monthly active users; #329 all-time at $1.1k cumulative across 101 users. The high active-user count against very low volume is a distinctive signature — broad retail diffusion with sub-$15 average tickets, consistent with an embedded Polymarket card inside the EthosX dApp seeing many small clicks rather than concentrated power-user volume.
Reach the team via X @ethosx_finance, LinkedIn (ethosx), Discord (rseKBcHRg6), and email [email protected].
Key features
- OPerps — perpetual options with no expiration
- Derivatives RFQ for vanilla + exotic options
- On-chain clearing with liquidation protection
- Multi-asset coverage (BTC, ETH, altcoins, memes)
- Embedded Polymarket builder routing
- Kana Labs partnership
Founders & team
- DeepanshuCo-founder / CEO
Formerly Vice President, Quantitative Research at JP Morgan Chase.
- Smit PatoliyaCo-founder
Previously trading options at a quantitative hedge fund.
Funding & investors
- Stage
- Seed (2 rounds)
- Total raised
- $2,300,000
- Investors
- Y Combinator (S22), MH Ventures, Ascensive Assets, Franklin Templeton Investments, EMURGO Ventures, Token Metrics Ventures, SuDo Research
- Announcement
- https://tracxn.com/d/companies/ethosx/__388H9el6wbcxW3lTn6X5-QCgBjxvq48KWDKPJULjbcU
What others have written about EthosX Builder 1
- EthosX on Y Combinator — Y Combinator
- EthosX 2026 Company Profile — PitchBook
- Launch YC: EthosX — Decentralized finance platform for crypto & traditional derivatives — Y Combinator Launch
Rank + volume over time
Daily snapshots from our scraper. Charts populate as history accumulates.
All-time rank
Lower is better. Inverted Y-axis.
All-time volume
Cumulative routed volume in USD.
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How to verify EthosX Builder 1
- On-chain attribution — every Polymarket Builder routes via an order that includes their
builderCode. The hash above is checkable on Polygon against Polymarket's CTF Exchange. - Polymarket's own verification — $EthosX Builder 1 carries the official ✓ verified flag in the data API.
- Cross-check Polybot Arena — polybot.arena tracks wallet-level P&L for builder-tagged bots. If a builder claims specific performance, their wallet should be findable there.
- Tier-2 patterns to avoid — we flag builders that match the Tier-2 pattern (no public team, no verifiable claims, recurs across affiliate-SEO listicles). See our /methodology page for the full criteria.
About EthosX Builder 1 08 answers
FAQ
01 What is EthosX Builder 1?
EthosX is a Fund Strategy / derivatives protocol that uses a Polymarket builder code ("EthosX Builder 1") to route prediction-market exposure alongside its core on-chain options and perpetuals products. The protocol was founded in 2022 by Deepanshu (formerly VP, Quantitative Research at JP Morgan Chase) and Smit Patoliya (previously trading options at a quantitative hedge fund), graduated through Y Combinator, and ships derivatives without centralized exchanges, clearing houses or banks. Core products are OPerps (perpetual options with no expiration), an RFQ platform for vanilla and exotic options, and multi-asset support across BTC, ETH, altcoins and meme tokens, deployed on BNB Chain and Arbitrum with a partnership with Kana Labs. As a Polymarket builder this code is ranked #185 monthly with $903 routed across 81 active users and #329 all-time at $1.1k across 101 users — broad retail diffusion with very small ticket sizes, consistent with an embedded in-app Polymarket card rather than power-user trading.
02 What is the official website of EthosX Builder 1?
EthosX Builder 1's official site is https://ethosx.finance/. We verified the URL by visiting the homepage and confirming it references Polymarket or prediction markets directly. If you believe this URL is incorrect, email [email protected].
03 Is EthosX Builder 1 verified by Polymarket?
Yes — EthosX Builder 1 carries Polymarket's official ✓ verified flag (returned by their data API as `verified: true`). This indicates Polymarket has reviewed the builder; it's not a guarantee of product quality or financial outcomes.
04 Who founded EthosX Builder 1?
Deepanshu (Co-founder / CEO), Smit Patoliya (Co-founder). Sourced from the project's own materials and public profiles; we don't fabricate team identities and clearly mark builders whose team is publicly anonymous.
05 Has EthosX Builder 1 raised funding?
Seed (2 rounds); $2.3M raised; investors include Y Combinator (S22), MH Ventures, Ascensive Assets. Announcement: https://tracxn.com/d/companies/ethosx/__388H9el6wbcxW3lTn6X5-QCgBjxvq48KWDKPJULjbcU.
06 How much does EthosX Builder 1 cost?
pricing model: Protocol fees on derivatives; free tier available; No subscription; standard protocol fees on options/perps.. Sourced from the official site at the time of research; verify the current pricing on the builder's website before subscribing.
07 What are EthosX Builder 1's key features?
OPerps — perpetual options with no expiration; Derivatives RFQ for vanilla + exotic options; On-chain clearing with liquidation protection; Multi-asset coverage (BTC, ETH, altcoins, memes); Embedded Polymarket builder routing; Kana Labs partnership. Sourced from the official site/homepage at the time of research.
08 How does EthosX Builder 1 compare to similar builders?
EthosX Builder 1 is ranked #329 all-time, with similar-category peers including PMF Finance, Polynotes.co, HyperSharps. The leaderboard reorders daily — see the history chart for EthosX Builder 1's rank trajectory.