crypto strategy

DeFi Pods protocol raises $5.6M to support its dApp structured crypto products

Pods, creators of a DeFi platform, today announced that earlier this year the team raised $5.6 million in seed funding to create structured products for crypto-assets. The funding featured investors such as IOSG, Tomahawk, Republic, Framework Ventures, and more.

The first strategy on Pods Yield is stETHvv (Ethereum Volatility Vault). stETHvv is a low-risk product focused on accumulating ETH. It combines The performance of the Lido with weekly chokes to earn more each time ETH price bounces up or down.

Currently, users of the Pods platform can deposit ETH and stETH into the stETHvv (short for stETH Volatility Vault) vault and be exposed to a low-risk and complex one-click strategy.

“At Pods, we are proud of what we have achieved and excited to continue building the future of DeFi. I am honored to announce that we have completed a $5.6 million funding round. The Pods team is excited about this next step in creating world-class structured products for crypto assets. We spoke to hundreds of stakeholders to understand their needs and improve our platform based on their feedback. Recently, Pods conducted four security audits on its Pods Yield product, including two with OpenZeppelin in November and December 2022. Not only are we generating results, but we have developed a range of products dedicated to helping DeFi protocols diversify their cash flow. in low-risk strategies. , making their treasury strategy more resilient”
– Rafaella Baraldo, Founder and CEO of Pods

Today, most DeFi yield strategies rely on liquidity mining campaigns, incur risk that is difficult to estimate, and most use spot markets. The pods provide opportunities to set up automated derivatives strategies independent of liquidity mining. Risk and return analyzes are transparent and quantitative.

As a DeFi protocol, Pods presents an alternative to yield on crypto-assets as opposed to CeFi lenders. Pods Yield is a series of open-source smart contracts that algorithmically execute a known investment strategy, receive deposits, and process withdrawals.

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