Pods, creators of a DeFi platform, introduced immediately that earlier this 12 months, the workforce raised $5.6M in seed funding to create structured merchandise for crypto-assets. The financing featured traders reminiscent of 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 worth bounces up or down.

Presently, 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 happy with what we’ve got achieved and thrilled to proceed constructing the way forward for DeFi. I’m honored to announce that we’ve got accomplished a $5.6 million seed spherical. The Pods workforce is worked up about this subsequent stage of constructing world-class structured merchandise for crypto property. Now we have talked to lots of of stakeholders to know their wants and enhance our platform in keeping with their suggestions. 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 aiding DeFi protocols to diversify their treasury into low-risk methods, making their treasury technique extra resilient”
– Rafaella Baraldo, Founder & CEO of Pods

At this time, most DeFi yield methods depend upon liquidity mining campaigns, incur a hard-to-estimate danger, and most use spot markets. Pods foresee alternatives to arrange automated derivatives methods impartial 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 identified funding technique, obtain deposits, and course of withdrawals.