SINGAPORE / ACCESSWIRE / June 16, 2021 / As the DeFi industry continues to grow, the Total Value Locked (TVL) in May has reached up to US$86 billion. With many DeFi projects arising, there is still a lot of room to improve within this industry. One of the main trends in DeFi adoption is that many DeFi investment projects are looking into aggregate innovative strategies. Not to mention the fact that they have to provide stable and secure service and ensure lower gas fees.
Last February, the DeFi Robo-advisor and automated asset manager DAOventures, who successfully kick-started on the Polkastarter platform last February, threw its hat into the ring again. DAOventures announces the official product launch - alpha version of its decentralized application, live on June 16th. The beta version has already been running since March, and they are ready to show the real deal in the DeFi scene.
In this launch, DAOventures upgraded its user interface (UI) and introduced major DeFi investment strategies with high yield APY. In addition, DAOventures declared to solve issues in the DeFi investment industry: complex UX; lack of transparency in the team; vulnerabilities in smart contract technology.
By creating the infrastructure to provide easy and simple protocol, the users can expect to start investing in digital currencies through DAOventures more than ever. Strong communication with the community is also an essential aspect of trust in DAOventures' service. As part of the roadmap of 2021, smart contracts have been diligently going through multiple 3rd party audits with Certik, Beosin, and Zokyo.
DAOventures has been designing cross-chain DeFi applications across famous blockchain-protocols-Ethereum Blockchain, Binance Smart Chain. It results in 3 different strategies launched this time: Compound-Fighter, Yearn-Fighter, and The DAO Citadel Vault.
Following the promise to make the DeFi investment easy for everyone with different risk appetites, DAOventures developed strategies above four risk levels: Basic, Advanced, Expert, Degen. The announcements with more strategies came already through their Medium blog, some of them being creative on their own: The DAO FAANG Stonks, Elon's Ape. In addition, as DeFi Portfolio Strategists, Dennis Hui and Gurujeet Singh have joined the team.
This launch is unique since use cases of DVG, the DAOventures governance token, have come to light. DAOventures plans to present more channels to build the DVG ecosystem on their own platform throughout June and upcoming July. We can easily imagine how major crypto projects such as PancakeSwap and Binance can mean less without CAKE, BNB.
In early July, following the launch, the team also planned a major airdrop, targeting the most enthusiastic DeFi users. In addition, under the DAOventures' mission, "Bring DeFi to the mass adoption," AMAs throughout crypto communities are arranged. Such events will give a chance to share the expectations and feedback after the launch. Meanwhile, DAOventures continues its journey, including cross-chain interoperability to scale its business with Polygon.
"As a 'Robinhood for DeFi,' DAOventures' mission is to make DeFi simpler, more accessible, and inclusive. We have strength in making innovative DeFi investment strategies for everyone who believes in the future of money. Aligned with that, we also provide interesting DeFi service, like Happy Hour, where users can enjoy gas-free transactions on exclusive DeFi products; DAO Citadel," says Victor Lee, Co-Founder of DAOventures.
"Our debut Alpha product launch is well-timed. We can confidently say that we have gone through extensive development and testing with the final audit. Our team takes security very seriously so that our investors can have peace of mind when depositing their crypto on our platform. Expect more disruptive investment strategies ahead as we are committed to bringing DeFi to the masses," adds Alvin Foo, Co-Founder of DAOventures.
DAOventures is a DeFi Robo-advisor and automated money management platform. Imagine "Robinhood for DeFi." It is our mission to make DeFi simpler, accessible & inclusive. We believe in creating a simpler, more accessible, and more open world that is permissionless, inclusive, and guided by our DNA of continuous learning, integrity, and transparency.
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