Pods, creators of a DeFi platform, introduced these days that previous this yr, the crew raised $5.6M in seed investment to create structured merchandise for crypto-assets. The financing featured traders comparable to IOSG, Tomahawk, Republic, Framework Ventures, and extra.
The primary technique on Pods Yield is stETHvv (Ethereum Volatility Vault). stETHvv is a low-risk product thinking about ETH accumulation. It combines Lido’s yield with weekly strangles to earn extra each time the ETH worth bounces up or down.
Lately, Pods platform customers can deposit ETH and stETH into the vault stETHvv (quick for stETH Volatility Vault) and be uncovered to a low-risk, complex-to-execute technique in a single click on.
“At Pods, we’re pleased with what we have now completed and delighted to proceed construction the way forward for DeFi. I’m venerated to announce that we have got finished a $5.6 million seed spherical. The Pods crew is eager about this subsequent degree of establishing world-class structured merchandise for crypto resources. We’ve talked to loads of stakeholders to know their wishes and reinforce our platform in step with their comments. Just lately Pods did 4 safety audits on its Pods Yield product, two of them with OpenZeppelin in November and December 2022. We don’t seem to be simplest producing effects however have evolved a variety of goods devoted to aiding DeFi protocols to diversify their treasury into low-risk methods, making their treasury technique extra resilient”
– Rafaella Baraldo, Founder & CEO of Pods
These days, maximum DeFi yield methods rely on liquidity mining campaigns, incur a hard-to-estimate menace, and maximum use spot markets. Pods foresee alternatives to arrange computerized derivatives methods unbiased of liquidity mining. Chance and go back analyses are clear and quantitative.
As a DeFi protocol, Pods items a substitute for yield on crypto-assets versus CeFi lenders. Pods Yield is a chain of open-source sensible contracts that algorithmically runs a recognized funding technique, obtain deposits, and procedure withdrawals.
