Key Points:
Investors in the funding included IOSG, Tomahawk, Republic, Framework Ventures, 4RC, and other firms.
Rafaella Baraldo, Founder and CEO of Pods, said:
“At Pods, we are proud of what we have achieved and thrilled to continue building the future of DeFi. I am honored to announce that we have completed a $5.6 million seed round. The Pods team is excited about this next stage of building world-class structured products for crypto assets.”
Today, the majority of DeFi yield methods employ spot markets, incur a difficult-to-estimate risk, and rely on liquidity mining activities. The platform sees chances to establish automated derivatives strategies separate from liquidity mining. Analyses of risk and return are quantitative and straightforward.
Pods Yield is a series of open-source smart contracts that algorithmically runs a known investment strategy, receive deposits, and process withdrawals.
Users may instantly expose themselves to a low-risk but complicated-to-execute strategy by depositing ETH and stETH into the vault stETHvv (short for stETH Volatility Vault). It provides an alternative to yield on crypto assets compared to CeFi lenders as a DeFi protocol.
Establishing frictionless structured solutions for crypto assets is the goal of Pods.
One of the most cutting-edge and secure tools in the DeFi area has been created by Pods. Recently, the business used OpenZeppelin to conduct security assessments for its Pods Yield product. The platform has established norms for developing DeFi procedures in a quickly expanding industry thanks to the success of its products, security assessments, and brand initiatives.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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