DeFi procedure Pods raises $5.6 M to support its structured crypto items dApp
Pods, developers of a DeFi platform, revealed today that previously this year, the group raised $5.6 M in seed financing to produce structured items for crypto-assets. The funding included financiers such as IOSG, Tomahawk, Republic, Framework Ventures, and more.
The very first technique on Pods Yield is stETHvv (Ethereum Volatility Vault). stETHvv is a low-risk item concentrated on ETH build-up. It integrates Lido's yield with weekly strangles to make more whenever the ETH rate bounces up or down.
Presently, Pods platform users can transfer ETH and stETH into the vault stETHvv (brief for stETH Volatility Vault) and be exposed to a low-risk, complex-to-execute technique in one click.
"At Pods, we take pride in what we have actually accomplished and enjoyed con...