what's World Capital Markets?
World Capital Markets (WCM) is a decentralized finance (DeFi) protocol that provides a comprehensive suite of onchain financial services. Originally launched as Teko Finance focused on lending, it has evolved into a multi-product platform featuring central limit order books (CLOBs) for spot trading, perpetual futures (perps), and integrated lending. All components are fully onchain, audited, and cross-margined, enabling seamless interactions like leveraged basis trades where users can borrow against collateral to execute strategies across markets. The protocol emphasizes accessibility and efficiency in DeFi, allowing users to start with base capital, borrow additional funds, and simultaneously trade spot and derivatives without fragmentation across platforms. This unified architecture reduces risks associated with siloed applications and supports advanced trading mechanics, positioning WCM as a one-stop solution for onchain capital markets.
Founders discussed on-chain exchange, margin, risk, and token plans; integrated with hotpot_dao.
Links
x.com/wcm_incUSDm is a stablecoin backed by a tokenised BlackRock fund, with its reserve yield subsidising sequencer costs on the chain.
USDm reserve yield funds routine buybacks of MEGA tokens, making USDm adoption deflationary for MEGA supply.
Featured in Episode 18 of the Insilico Terminal Podcast, where founders Lucas and Hersch discussed the project's on-chain exchange vision, universal margin system, risk management approach, and token plans.
Integrated with hotpot_dao, which customized and optimized their contract to deliver user experience and yield for hotpot users.
Raised $40M from Franklin Templeton, Robot Ventures, Maven11, and Figment Capital.
WCM will deploy on MegaETH blockchain.
Platform rebrands to WCM and expands from lending to multi-CLOB functionality.