Pods, creators of a DeFi platform, introduced right this moment that earlier this 12 months, the crew raised $5.6M in seed funding to create structured merchandise for crypto-assets. The financing featured traders corresponding to IOSG, Tomahawk, Republic, Framework Ventures, and extra.
The primary technique on Pods Yield is stETHvv (Ethereum Volatility Vault). stETHvv is a low-risk product centered on ETH accumulation. It combines Lido’s yield with weekly strangles to earn extra each time the ETH value bounces up or down.
At present, Pods platform customers can deposit ETH and stETH into the vault stETHvv (brief for stETH Volatility Vault) and be uncovered to a low-risk, complex-to-execute technique in a single click on.
“At Pods, we’re pleased with what now we have achieved and thrilled to proceed constructing the way forward for DeFi. I’m honored to announce that now we have accomplished a $5.6 million seed spherical. The Pods crew is worked up about this subsequent stage of constructing world-class structured merchandise for crypto belongings. We have now talked to a whole bunch of stakeholders to grasp their wants and enhance our platform in accordance with their suggestions. Just lately Pods did 4 safety audits on its Pods Yield product, two of them with OpenZeppelin in November and December 2022. We’re not solely producing outcomes however have developed a variety of merchandise devoted to helping DeFi protocols to diversify their treasury into low-risk methods, making their treasury technique extra resilient”
– Rafaella Baraldo, Founder & CEO of Pods
Right now, most DeFi yield methods rely upon liquidity mining campaigns, incur a hard-to-estimate danger, 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 a substitute for yield on crypto-assets versus CeFi lenders. Pods Yield is a collection of open-source sensible contracts that algorithmically runs a recognized funding technique, obtain deposits, and course of withdrawals.
