Octopus Protocol was presented as an open-source, decentralized protocol that would allow users to create and trade "synthetic assets"—on-chain assets that track the value of real-world assets like commodities, stocks, or fiat currencies. The project's mission was to provide open access to global financial markets. After raising funds through an Initial DEX Offering (IDO) on several launchpads in mid-2021, the development team ceased communications, and the project's roadmap was not fulfilled. The protocol is now considered defunct and abandoned by its investor community.

Founded in

United Arab Emirates