Pods, creators of a DeFi platform, introduced at present that earlier this yr, the workforce raised $5.6M in seed funding to create structured merchandise for crypto-assets. The financing featured traders reminiscent of IOSG, Tomahawk, Republic, Framework Ventures, and extra.
The primary technique on Pods Yield is stETHvv (Ethereum Volatility Vault). stETHvv is a low-risk product targeted on ETH accumulation. It combines Lido’s yield with weekly strangles to earn extra each time the ETH value bounces up or down.
At the moment, 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 happy with what we have now achieved and thrilled to proceed constructing the way forward for DeFi. I’m honored to announce that we have now accomplished a $5.6 million seed spherical. The Pods workforce is happy about this subsequent stage of constructing world-class structured merchandise for crypto property. We’ve talked to a whole lot of stakeholders to grasp their wants and enhance our platform based on their suggestions. Not too long ago Pods did 4 safety audits on its Pods Yield product, two of them with OpenZeppelin in November and December 2022. We aren’t solely producing outcomes however have developed a variety of merchandise 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
Right this moment, most DeFi yield methods depend upon liquidity mining campaigns, incur a hard-to-estimate threat, and most use spot markets. Pods foresee alternatives to arrange automated derivatives methods unbiased of liquidity mining. Threat and return analyses are clear and quantitative.
As a DeFi protocol, Pods presents an alternative choice to yield on crypto-assets versus CeFi lenders. Pods Yield is a sequence of open-source sensible contracts that algorithmically runs a recognized funding technique, obtain deposits, and course of withdrawals.
