PANews reported on April 14th that Totalis, a prediction market derivatives layer, announced the completion of its $500,000 seed round funding from Y Combinator in USDC, becoming the first company in Y Combinator's history to receive full investment in a stablecoin. The funds were completed through three on-chain transactions on the Solana network: a $1 test transfer, followed by $124,999 and $375,000; all funds went directly into the company's treasury.

Totalis stated that the current prediction market suffers from issues such as single-position exposure, fragmented liquidity, and low capital efficiency; the company is building a prediction market derivatives layer that can be combined across categories, markets, and venues, allowing users to build composite bets across assets such as geopolitics, crypto, and sports.