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Pods, creators of a DeFi platform, announced today that earlier this year, the crew raised $5.6M in seed funding to produce structured products for crypto-property. The financing featured investors equivalent to IOSG, Tomahawk, Republic, Framework Ventures, and additional.
The first scheme on Pods Yield is stETHvv (Ethereum Volatility Vault). stETHvv is a low-risk product interested in ETH accumulation. It combines Lido’s yield with weekly strangles to function extra every time the ETH sign bounces up or down.
For the time being, Pods platform customers can deposit ETH and stETH into the vault stETHvv (short for stETH Volatility Vault) and be uncovered to a low-risk, advanced-to-hand over scheme in a single click on.
“At Pods, we’re pleased with what now we have performed and overjoyed to continue building the prolonged traipse of DeFi. I am honored to inform that now we have carried out a $5.6 million seed spherical. The Pods crew is worked up about this next stage of making world-class structured products for crypto property. Now we have talked to tons of of stakeholders to note their wants and strengthen our platform according to their ideas. No longer too prolonged prior to now Pods did four security audits on its Pods Yield product, two of them with OpenZeppelin in November and December 2022. We’re no longer simplest producing outcomes nonetheless have developed a kind of products dedicated to assisting DeFi protocols to diversify their treasury into low-risk solutions, making their treasury scheme extra resilient”
– Rafaella Baraldo, Founder & CEO of Pods
Today, most DeFi yield solutions rely on liquidity mining campaigns, incur a laborious-to-estimate risk, and most utilize bother markets. Pods foresee alternatives to design up automated derivatives solutions unbiased of liquidity mining. Bother and return analyses are clear and quantitative.
As a DeFi protocol, Pods presents an different to yield on crypto-property as antagonistic to CeFi lenders. Pods Yield is a chain of originate-supply trim contracts that algorithmically runs a identified investment scheme, receive deposits, and project withdrawals.