Pods, developers of a DeFi platform, revealed today that previously this year, the group raised $5.6 M in seed financing to develop 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 each time 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 method in one click.
“At Pods, we take pride in what we have actually attained and enjoyed continue developing the future of DeFi. I am honored to reveal that we have actually finished a $5.6 million seed round. The Pods group is delighted about this next phase of structure first-rate structured items for crypto properties. We have actually talked with numerous stakeholders to comprehend their requirements and enhance our platform according to their feedback. Just recently Pods did 4 security audits on its Pods Yield item, 2 of them with OpenZeppelin in November and December 2022.
