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Rysk is an on-chain options trading protocol on Hyperliquid that aims to provide users with volatility yield tools on $HYPE, $SOL, $HYPE LSTs, and more. To achieve this, it employs a native RFQ System that executes trades through efficient auctions and determines the options price.
On January 31, 2023, Rysk protocol raised $1.4M from Lemniscap, Encode Club, and other investors.