![Pinterest](https://pinterest.com/pin/create/button/?url=https://bollspel.com/pods-defi-protocol-secures-5-6m-funding-for-revolutionary-crypto-products-app/&media=https://bollspel.com/wp-content/uploads/2023/12/8007-pods-defi-protocol-secures-5-6m-funding-for-revolutionary-crypto-products-app.jpg&description="Pods DeFi Protocol's $5.6M funding will revolutionize the crypto industry with its innovative products app. Stay tuned for groundbreaking developments in decentralized finance."){kind=link}
Exciting news from Pods, the DeFi platform creators, as they announce their successful seed funding round, raising $5.6M to develop structured products for crypto-assets. Notable investors include IOSG, Tomahawk, Republic, and Framework Ventures.
Introducing stETHvv (Ethereum Volatility Vault), the first strategy on Pods Yield. This low-risk product is designed for ETH accumulation and combines Lido’s yield with weekly strangles to maximize earnings with every fluctuation in ETH’s price.
Now available on the Pods platform is the vault stETHvv, enabling users to deposit or withdraw ETH and stETH with a single click, gaining exposure to a low-risk, complex strategy.
“At Pods, we are proud to announce the successful completion of a $5.6 million seed round, and we are thrilled to continue building the future of DeFi. Our team is excited to offer world-class structured products for crypto assets and has undergone rigorous security audits to ensure the safety and effectiveness of our products. We’re dedicated to assisting DeFi protocols in diversifying their treasuries and making their strategies more resilient.”
– Rafaella Baraldo, Founder & CEO of Pods
Pods aims to provide automated derivatives strategies independent of liquidity mining, with transparent and quantitative risk and return analyses, offering an alternative to yield on crypto-assets compared to CeFi lenders.
As a DeFi protocol, Pods Yield consists of open-source smart contracts that algorithmically execute known investment strategies, receiving and processing deposits and withdrawals.