DeFi Structured Product Pods Closes $5.6 million Seed Round

Key Points:DeFi Structured Products Pods closed a $5.6 Million seed round earlier this year to create structured products for cryptocurrency assets.
It is a DeFi protocol that offers an alternative to CeFi lenders and yields crypto assets.
Users can deposit ETH or stETH in the vault stETHvv
DeFi Structured Products Pods was able to raise $5.6 million in seed funding earlier this year.
“At Pods we are proud of the things we have accomplished and excited to continue building the future for DeFi. We have successfully completed a seed round of $5.6 million. It is an honor to share this news with you. The Pods team is excited for the next stage of building world-class structured products to crypto assets.
Today, the majority of DeFi yield methods employ spot markets, incur a difficult-to-estimate risk, and rely on liquidity mining activities. The platform offers the possibility to create automated derivatives strategies that are independent from liquidity mining. Analyses of risk and return are quantitative and straightforward.Pods Yield is a series of open-source smart contracts that algorithmically runs a known investment strategy, receive deposits, and process withdrawals.Users may instantly expose themselves to a low-risk but complicated-to-execute strategy by depositing ETH and stETH into the vault stETHvv (short for stETH Volatility Vault). It provides an alternative to yield on crypto assets compared to CeFi lenders as a DeFi protocol.Establishing frictionless structured solutions for crypto assets is the goal of Pods.One of the most cutting-edge and secure tools in the DeFi area has been created by Pods. OpenZeppelin was used by the business to conduct security assessments for its Pods Yield products. The platform has established norms for developing DeFi procedures in a quickly expanding industry thanks to the success of its products, security assessments, and brand initiatives.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comHaroldCoincu NewsTags: CeFicryptoDeFiETHIOSGPodsstETHstETHvv