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CDS Startups Pods Raises $5.6M in Seed Round

Startups

Pods Raises $5.6M in Seed Round

oguz29/12/20221 Mins read490

DeFi technology company Pods has raised $5.6 million in investment in a seed round to create structured products for crypto assets.

Table of Contents

About Funding

IOSG, Tomahawk, Republic, Framework Ventures, 4RC, Alexia Ventures and other investors participated in the seed round. Rafaella Baraldo, Founder and CEO of the platform said:

“At Pods, we are proud of what we have achieved and excited to continue building the future of Defi. I am honored to announce that we have completed a $5.6 million seed round. The team is excited about this next stage of building world-class structured products for crypto assets.”

Currently, most DeFi strategies depend on liquidity, are difficult to predict and carry great risk. The protocol uses automated derivative strategies independent of liquidity mining and minimizes risk. In addition, platform makes users’ profit analyses more predictable in this way. Rafaella Baraldo, Founder and CEO said:

“We have talked to hundreds of shareholders to understand their needs and improve our platform according to their feedback. Recently Pods did four security audits on its Pods Yield product, two of them with OpenZeppelin in November and December 2022. We are not only generating results but have developed a range of products dedicated to assisting DeFi protocols to diversify their treasury into low-risk strategies, making their treasury strategy more resilient”

The company is creating a DeFi protocol platform that includes professional investment strategies without requiring any financial expertise of DeFi users. In this way, users provide the advantage of less risk and predictable profit. Pods Yield is the first product of the stETHvv( Ethereum Volatility Vault) strategy platform. This strategy focuses not on the market direction, but on the volatility of the market. Regardless of the direction of the market, if the volatility is high, profits are made.

About Pods

The mission of the platform is to create structured products for crypto assets. The company sees the complexity of existing DeFi strategies and the risk potential they carry, creating simpler and less risky products on its platform. The platform currently has 2 products available, namely OpenZeppelin and Pods Yield.

Reference

www.blog.pods.finance

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Written by

oguz

The author is a political science and public administration student at Kocaeli University. He is also studying Management Information Systems at Anadolu University. He met Blockchain technology and Cryptocurrencies for the first time in 2019. Interested in cryptocurrencies for over 2 years. In addition he provides E-commerce and social media marketing services.

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