Blockchain
Spool adds 3 yield-generators to its institutional-grade platform for radically simplified DeFi
Spool, the DAO platform allowing users to build seamless DeFi products for institutions and investors of all backgrounds, adds 3 new yield generators to its strategy offering. Strategy additions from leading protocols including Frax, Idle, and Notional to the Smart Vault creation tool enable greater customization and choice for the Spool community to build diversified and robust yield portfolios.
DeFi platforms can often find themselves creating complicated products that only hardcore digital-assets enthusiasts can navigate. Due to DeFi’s technological and financial complexity, its adoption rate with institutional players and retail investors remains low in comparison to centralized blockchain products. But this creates a new opportunity for projects on the forefront of community-building to create simplified, user-friendly solutions to bring DeFi products to a wider audience.
“Expanding our range of strategies and Smart Vaults highlights how necessary it is for investors to have choice and variety when creating a DeFi portfolio,” says Karl-Michael Henneking, CMO at Spool. “Our new integrations show that DeFi is ready for institutions and investor communities by utilizing the ever-expanding infrastructure that Spool is providing.”
Spool expands its infrastructure to empower its user community of institutional and retail investors to build diverse, fully-customizable yield portfolios. By adding robust strategies from recognized yield aggregators, Spool users now have even greater choices in building attractive yield portfolios. Spool’s yield portfolios already allow users the benefits of automatically compounded yields in addition to risk management based on a customizable risk appetite. The added yield generators include:
- Notional Finance
Spool has added a new financial strategy from the Ethereum-based DeFi protocol in addition to Notional creating two Smart Vaults for Spool users to join. The Notional Finance strategy provides liquidity to the NF Protocol, offering fixed interest rate loans in a borrowing mechanism without time-based lockups. In addition to regular APY, Notional distributes NOTE incentive tokens, which compound back into the strategy automatically. The Notional-DAI and Notional-USDC Smart Vaults offer the highest native stablecoin APY of any currently available strategy on Spool, in addition to a 0% Creator Fee.
- Frax-Convex
The newly launched Frax-Convex USDC pool currently offers APY rewards for investors that implement the strategy in their portfolios. The strategy embodies Frax’s vision to create a highly-scalable, decentralized currency in place of fixed-supply digital assets.
- Idle Finance
Spool adds a strategy from Idle Finance to encourage active and democratized DeFi investment. The “Best Yield” aggregator strategy offers portfolio creators the best yield available on Aave and Compound.
Spool’s infrastructure perfectly suits investors looking to curate their market exposure when building bespoke DeFi products. This advanced customization and streamlined user interface enables institutions to create DeFi portfolios for themselves or to white-label their Smart Vault into their own product offering. Spool’s Smart Vault and continuously expanding platform grants access to DeFi tools previously unavailable to the everyday retail investor.
“One of the most disruptive features of DeFi is definitely its composability” says Matteo Pandolfi, CEO at Idle Finance “Having our strategies integrated by DeFi protocols like Spool is not only a win-win solution for both of our projects, but it’s the best solution for users, who can find a wide selection of products in a seamless and efficient fashion.”
“Setting up a Smart Vault with Spool is easy and intuitive,” says Teddy Woodward, CEO at Notional Finance. “Giving DeFi users the power to control their portfolio risk parameters in just a few clicks is a huge step forward for the space.”
About
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
The post 39% of Canada’s institutional investors have exposure to crypto: KPMG appeared first on HIPTHER Alerts.
Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
-
Blockchain6 days agoPhoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain Press Releases6 days agoDWF Labs joins the Klaytn Governance Council
-
Blockchain6 days ago
Crypto fans count down to bitcoin’s ‘halving’
-
Blockchain6 days ago
Tether USDT stablecoin goes live on TON blockchain
-
Blockchain Press Releases2 days agoDeFi Lens builds advanced Generative AI for Technical Analysis
-
Blockchain6 days ago
Crypto and Blockchain Weave Deeper Into the Biometrics Space – Identity News Digest
-
Blockchain6 days agoSupply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
-
Blockchain7 days agoAlpha Transform Holdings Releases March Report on ASC AI Index
