Pear Protocol, an on-chain spread trading platform, has raised $1.25 million in its latest seed investment round. The dapp will launch on Ethereum layer-2 Arbitrum and will allow traders to use their entire portfolio as collateral to cover various positions, making it easier to pair trade on decentralized derivative platforms.

Pear Protocol's positions are routed through existing DEX engines and market makers, utilizing their liquidity for all trades. The trading position of the NFT is represented by an ERC-721, which can be easily transferred between different addresses or used as collateral. The platform aims to help various traders, including retail users, trading communities, DAO treasuries, and institutional portfolio managers, create unique narrative-based trades in as little as one click.