GammaSwap Labs
GammaSwap Labs develops the GammaSwap Protocol, a decentralized onchain perpetual options exchange that enables AMM liquidity providers to hedge impermanent loss and traders to speculate on token volatility. The dApp is live on Arbitrum, Base, and Ethereum.
- Company typePrivate
- Founded2022
- HeadquartersFlorida, United States
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What GammaSwap Labs does
GammaSwap Labs LLC is the developer of the GammaSwap Protocol, a decentralized finance application described as the first onchain perpetual options exchange. Founded in 2022 and incorporated in the British Virgin Islands with a 1–10 person team, the company operates the dApp live on Arbitrum, Base, and Ethereum and is governed via a dispersed DAO contributor structure. Its primary users are liquidity providers seeking to hedge impermanent loss on AMM positions and sophisticated traders looking to speculate on or hedge token volatility through perpetual option positions.
The protocol's core technology is a non-synthetic perpetual options mechanism in which positions are created by borrowing liquidity from Automated Market Makers. Positions are denominated in Liquidity Invariant Units (LIUs), the constant k in the x*y=k formula, and replicate perpetual option payoffs (Straddle, Long, Short). The supporting DeltaSwap AMM, built in-house by GammaSwap Labs, uses the Uniswap V2 invariant but adds yield streaming and variable swap fees to reduce borrow rate volatility. The system is oracle-free, with arbitrageurs incentivized to keep DeltaSwap prices aligned with external venues, and uses time-based liquidations tied to LTV and borrow rate rather than price wicks. Supporting products include the GS and esGS governance and staking tokens, composable GSLP LP tokens, and the gETH yield token launched in 2024.
Revenue accrues to the protocol from variable borrow APRs on perpetual option positions, swap fees on DeltaSwap, opening fees at high utilization, and rebalancing fees on directional positions. Thirty percent of protocol fees are distributed as ETH rewards to GS/esGS stakers, with the remainder accruing to the treasury. The go-to-market motion is product-led growth via the self-serve, permissionless dApp, supported by the GammaSwap Academy educational platform, comprehensive documentation, and community channels (Discord, Twitter/X, YouTube, Medium, GitHub). There are no published pricing tiers, no KYC requirement, and no disclosed institutional anchor customers.
GammaSwap Labs firmographics
Firmographics- Name
- GammaSwap Labs
- Legal name
- GammaSwap Labs LLC
- Website
- https://gammaswap.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- GammaSwap Labs develops the GammaSwap Protocol, a decentralized onchain perpetual options exchange that enables AMM liquidity providers to hedge impermanent loss and traders to speculate on token volatility. The dApp is live on Arbitrum, Base, and Ethereum.
- Ownership category
- akta.pro rank
GammaSwap Labs industry classification
Industry- Product category
- Decentralized Finance Protocol
- NAICS
- Commodity Contracts Intermediation (52316), Securities and Commodity Exchanges (5232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Perpetuals & Derivatives DEXs (FSADABAE)
- akta.pro secondary industries
- Derivatives Trading Venues (perps, futures, options) (FSAPADAE), Perpetual Futures (Perps) Venues & Protocols (FSADAGAA)
Keywords
Where GammaSwap Labs is headquartered
LocationHeadquarters
- HQ city
- Florida
- HQ country
- United States
- HQ region
- North America
Markets served
GammaSwap Labs business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Protocol Fees: 30% of protocol fees earned are distributed to GS/esGS stakers as ETH rewards. The remaining 70% likely accrues to the protocol treasury.
- Borrow Fees: Borrowers pay interest (variable borrow APR) to hold perpetual option positions open. The borrow rate is dynamic based on pool utilization.
- Swap Fees: LPs earn swap fees from spot traders using DeltaSwap. Variable swap fees are part of the DeltaSwap design.
- Opening Fees: Origination fees may be charged when utilization is high. Additional rebalancing fees apply when opening directional positions (Long or Short).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | No tiered pricing structure exists. Fees are determined dynamically by the protocol based on utilization and market conditions. |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels9 records
GammaSwap Labs product offering
Product offeringCore offering
GammaSwap Labs develops and operates the GammaSwap Protocol, the first onchain perpetual options protocol, which enables users to hedge Impermanent Loss in AMMs and speculate on the volatility of any token by borrowing liquidity from Automated Market Makers. The protocol features non-synthetic positions denominated in Liquidity Invariant Units (LIUs), an oracle-free pricing mechanism, and time-based liquidations, supported by the proprietary DeltaSwap AMM.
Product overview
GammaSwap Labs offers the GammaSwap Protocol, the first onchain perpetual options protocol, which enables users to hedge Impermanent Loss in AMMs and speculate on volatility of any token by borrowing liquidity from AMMs. The core product suite includes the DeltaSwap AMM (built by GammaSwap Labs using x*y=k formula), the GammaSwap dApp (live on Arbitrum, Base, and Ethereum), GS and esGS tokens for staking and rewards, gETH yield token for ETH yield generation, and GSLP tokens representing LP positions. Users can trade perpetual options (straddle, long, short), provide liquidity to earn trading fees, stake GS/esGS for ETH fees and esGS rewards, and farm GSLP tokens for escrowed GS incentives. The protocol is oracle-free and positions are non-synthetic.
Differentiator
Problem solved
Functional benefit
Brands
- DeltaSwap: AMM built by GammaSwap Labs team using the canonical liquidity invariant formula x*y=k (Uniswap V2), purpose built to work with GammaSwap by streaming yield to reduce rate volatility and leveraging variable swap fees.
- gETH
Products and services
- GammaSwap Protocol The first onchain perpetual options protocol that enables users to hedge Impermanent Loss in AMMs and speculate on the volatility of any token by borrowing liquidity from Automated Market Makers. Positions are non-synthetic and created by borrowing AMM liquidity.
- DeltaSwap An AMM built by GammaSwap Labs using the canonical liquidity invariant formula x*y=k (Uniswap V2), purpose-built to work with GammaSwap by streaming yield to reduce rate volatility and leveraging variable swap fees.
- GammaSwap dApp The user interface for the GammaSwap protocol, live on Arbitrum, Base, and Ethereum, enabling users to trade perpetual options, provide liquidity, stake tokens, farm rewards, and manage their portfolio.
- gETH Yield Token A yield token that allows users to earn yield on their ETH holdings through the GammaSwap protocol.
- GS Token
Quantifiable outcome
- Up to 100x notional leverage for straddle positions, 33x for directional positions
- +2 more outcomes
Companies that use GammaSwap Labs
Customer profileSegments3 records
Ideal customer profiles3 records
GammaSwap Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
GammaSwap Labs partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
GammaSwap Labs competitors and assessment
Company assessmentDirect peers
- Dopex: Dopex is an onchain options protocol offering decentralized perpetual and expiry options. Both GammaSwap and Dopex compete in the DeFi options primitive space with similar target users (options traders, LPs seeking yield).
- Lyra Finance: Lyra is an options AMM enabling trading of options on crypto assets. It directly overlaps with GammaSwap's perpetual options offering, addressing similar trader and LP segments in DeFi options.
- Premia: Premia is a decentralized options protocol that allows users to trade options on ERC-20 assets. Both GammaSwap and Premia serve the onchain options trading market with AMM-based liquidity.
- Aevo: Aevo is an onchain options and perpetual futures exchange built on a custom L2. It offers perpetual options similar to GammaSwap, directly competing for volatility traders and options LPs.
- Hegic: Hegic is one of the earliest onchain options protocols offering put and call options via an AMM. While Hegic focuses on traditional expiry options vs GammaSwap's perpetual options, both serve DeFi options traders.
- Ribbon Finance: Ribbon Finance offers structured DeFi products including options vaults and covered calls. It overlaps with GammaSwap's options trading and structured yield strategies targeting similar user segments.
Broad incumbents
- GMX: GMX is one of the largest decentralized perpetual futures exchanges. While GMX focuses on synthetic perps vs GammaSwap's options, both compete for the same DeFi derivatives trader audience and LP capital.
- Hyperliquid: Hyperliquid is a high-performance onchain perpetuals exchange with an order book model. It competes with GammaSwap for derivatives traders on Arbitrum and is a dominant liquidity magnet in the space.
Emerging players
- Panoptic: Panoptic is an onchain perpetual options protocol built on Uniswap v3, enabling streaming options without oracles. It directly competes with GammaSwap in the perpetual options niche with a different AMM foundation.
Others
- Numeraire (Numerai): Numerai is a hedge fund crowdsourcing ML models using the Numeraire token. While not directly competitive, it represents a crypto-native quant finance infrastructure player adjacent to GammaSwap's volatility trading domain.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
GammaSwap Labs social profiles
Digital presenceGammaSwap Labs compliance and trust
Trust signalCompliance1 record
GammaSwap Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
GammaSwap Labs leadership team
Management profileNumber of profiles
Profiles1 record
GammaSwap Labs funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GammaSwap Labs M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GammaSwap Labs
What does GammaSwap Labs do?
GammaSwap Labs develops and operates the GammaSwap Protocol, the first onchain perpetual options protocol, which enables users to hedge Impermanent Loss in AMMs and speculate on the volatility of any token by borrowing liquidity from Automated Market Makers. The protocol features non-synthetic positions denominated in Liquidity Invariant Units (LIUs), an oracle-free pricing mechanism, and time-based liquidations, supported by the proprietary DeltaSwap AMM.
Is GammaSwap Labs a public or private company?
GammaSwap Labs is a private company. It is classified as venture growth investor backed and is currently operating.
When was GammaSwap Labs founded?
GammaSwap Labs was founded in 2022. It employs 1 to 10 people.
Where is GammaSwap Labs based?
GammaSwap Labs is headquartered in Florida, United States, in the North America region.
How does GammaSwap Labs make money?
Four revenue lines are on record. Protocol Fees are the primary driver. The others are borrow Fees, swap Fees and opening Fees.
Who are GammaSwap Labs's main competitors?
Direct peers on record are Dopex, Lyra Finance, Premia, Aevo, Hegic and Ribbon Finance. Broad incumbents are GMX and Hyperliquid. Panoptic is listed as an emerging player. Numeraire (Numerai) is listed as an others.
Does GammaSwap Labs have an API?
No public API is recorded for GammaSwap Labs.
What industry is GammaSwap Labs in?
GammaSwap Labs's product category is Decentralized Finance Protocol. Its primary akta.pro industry code is FSADABAE, Perpetuals & Derivatives DEXs, with a secondary code of FSAPADAE, Derivatives Trading Venues (perps, futures, options). Its NAICS code is 52316 and its SIC code is 6200.