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CDS Startups Real-World DeFi Asset Vault Introduced by AlloyX

Startups

Real-World DeFi Asset Vault Introduced by AlloyX

AlloyX has launched its real-world DeFi asset vault following a pre-seed funding round.

lectertodd30/06/20231 Mins read594

Real-World DeFi Asset Vault Introduced by AlloyX

Following a $2 million pre-seed investment round headed by Hack VC, DeFi protocol AlloyX unveiled a real-world DeFi asset vault.

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Real-World DeFi Asset Vault Introduced by AlloyX

According to a statement, additional investors in the round included Circle Ventures, Digital Currency Group, Stratos, Lecca Ventures, MH Ventures, very early Ventures, Archblock, dao5, and Credix Finance. Additionally, to establish the vault, the project collaborated with Credix Finance, a decentralized credit marketplace. This allowed the initiative to access a private credit market on DeFi with active loans totaling over $534 million.

We’ve seen demand from DAOs eager to allocate capital in the real-world assets space but are looking for flexible and liquid options that would work for them. We’re excited to see the AlloyX team launch the vault to give investors exposure to private credit while benefiting from the liquidity of U.S. T-Bills.
Chaim Finizola, Credix Finance Co-Founder And Chief Growth Officer

What Does the Vault Provide?

For protocols, decentralized autonomous organizations, and institutional investors in the DeFi space, the vault aims to provide access to real-world asset liquidity by providing diversification beyond currently available crypto-based lending and liquidity provision alternatives. In the first DeFi vault of its kind, users can design personalized strategies that balance their yield and risk appetite by combining tokenized U.S. Treasury bills with a variety of real-world assets, according to AlloyX.

As we saw during the crypto market crash in 2022, investors wanted to exit positions from real-world lending pools. But it was hard to get out of these real-world loans with years left before maturity. The composability and flexibility that make DeFi valuable need to be available for real-world assets as well. To achieve this, we are building products to enable our community to invest and create real-world asset-diversified baskets with automatic reinvestment, similar to what Yearn Finance created for digital assets.
AlloyX CEO Alexandre Liege

About AlloyX

Building diversified investment strategies in RWA is made simple and accessible for protocols, DAOs, and institutional investors by AlloyX. It provides lenders with a versatile and effective platform to manage all of your RWA assets according to your preferences for income, risk, and liquidity.

Sources:theblock

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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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