DeFi

DeFi Structured Product Pods Closes $5.6 Million Seed Round

Key Points:

DeFi Structured Products Pods closed a $5.6 million seed round to create structured products for crypto assets earlier this year.
As a DeFi protocol, it offers an alternative to yield on crypto assets as opposed to CeFi lenders.
Users can deposit ETH and stETH into the vault stETHvv

In order to develop structured products for crypto assets, DeFi Structured Products Pods secured a $5.6 million seed round earlier this year.

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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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.