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Spool DAO, Staking Rewards launch the definitive liquid staking solution on Ethereum

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Spool DAO, or Spool, the DeFi platform allowing institutions and users to build customizable, risk-managed investment crypto products, joins forces with Staking Rewards, the world’s central information hub and leading data aggregator for the crypto staking industry. The centerpiece of the partnership includes the launch of srETH, an all-weather staking index on Ethereum, opening the door to retail investors to access DeFi in the same way they would utilize a traditional exchange-traded fund (ETF).

Decentralized finance unlocks boundless opportunities to build wealth as an alternative to traditional financial practices. But for the industry to reach a global market size of $232 billion by 2030, as projected in a recent study by Zion Market Research, builders in the sector must address obstacles to its progress. The DeFi landscape is complex to navigate and yields can be unpredictable—even for crypto natives and traditional finance investors—and few options currently exist to mitigate that.

The Spool and Staking Rewards partnership creates an all-weather liquid staking index that minimizes volatility and generates a more predictable yield for long-term Ethereum investments. The index fund leverages strategies from premier ETH staking providers selected and vetted by both Staking Rewards and Spool, such as Lido and Rocket Pool.

srETH then allocates a small percentage of funds to a diverse selection of robust and track-proven DeFi strategies. These strategies have demonstrated their resilience across various economic environments and are proactively kept in check by the Staking Rewards team. This meticulously managed approach is made possible through the implementation of Spool’s Smart Vault technology, ensuring the portfolio remains well-positioned in changing reward market conditions.

Spool’s DeFi infrastructure powers all of the key features within srETH, including:

  • Automated portfolio optimization: srETH dynamically allocates funds across leading DeFi protocols, such as Lido, Rocket Pool, Frax, and others, ensuring diversity and minimizing volatility for investors.
  • Robust rewards: The index uses risk-optimized yield strategies that are specifically designed to produce reliable yield for Ethereum investors over the long-term.
  • Top-level staking and DeFi: srETH provides the foremost vanilla staking rewards on ETH, backed by additional yield from Staking Rewards’ trusted DeFi partners.
  • Security and transparency: srETH utilizes the SRM (Spool Risk Model) to prioritize user-fund security, conducting regular audits and adhering to best practices to ensure safety. Additionally, users can access transparent reporting on performance metrics at any time.
  • Guidance from staking pioneers: srETH is proactively kept in check by Staking Rewards’ team of unbiased researchers committed to clients’ staking success.
  • Expansion and future development: The index is designed to be adaptable and expandable, allowing for integration with additional protocols and strategies in the future.

srETH addresses common investor vital pain points identified by Staking Rewards, which include the ability to produce a more reliable yield on ETH over the long-term, complicated manual portfolio management, and DeFi’s steep technical learning curve. As the first collaboration of its kind, srETH sets the stage for additional institutional-level partnerships with Spool to consolidate the complexities in DeFi investment.

Early access to srETH will be made available through a now-open waitlist. Both Spool’s and Staking Rewards’s communities can sign up to receive updates on the index fund in addition to other upcoming projects.

“We’re immensely proud to have Staking Rewards be our first partner in creating a landmark DeFi investment product that anyone can use,” says Simon Schaber, Chief Business Development Officer of Spool DAO. “srETH is a complete paradigm shift when it comes to how people can enter decentralized investing and aligns with our goal to create an accessible DeFi infrastructure that benefits both institutions and retail investors equally.”

“Partnering with Spool marks our expansion into offering an all-weather staking solution that builds on the foundation of trust and accessibility we have established within the wider staking community,” says Mirko Schmiedl, CEO & Co-Founder of Staking Rewards. “Staking should produce more reliable returns for everyone over the long-term, regardless of how volatile reward markets can be. We’re proud to partner with a platform that enables that to happen in a secure and customizable way.”

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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