Decentralized finance (DeFi) has gone from being a niche market for cryptocurrency enthusiasts to becoming a trusted alternative for users in the wake of the collapse of major centralized organizations within the industry. FTX, Prime Trust, and Celsius are just a few prominent examples of centralized organizations that have failed, prompting users to seek out self-custody options within the DeFi space. This shift in user behavior has created opportunities for advanced services within the DeFi sector, such as those offered by Velvet Capital.
Velvet Capital, supported by Binance Labs, provides an infrastructure for digital asset management fully on-chain. By eliminating or minimizing barriers to entry for emerging fund managers, Velvet Capital allows individuals of all skill levels to create and manage on-chain funds and structured products with ease. This approach has resonated with users, as evidenced by the significant growth of the DeFi ecosystem. According to a Statista report, the number of DeFi users increased from less than 1,000 in 2017 to over 6 million by January 2023.
As a cross-chain DeFi asset management operating system, Velvet Capital integrates with major DeFi protocols like Chainlink, Safe, 0x, 1inch, and PancakeSwap. This integration enables asset managers, banks, fintech companies, and traders to trade on-chain and leverage DeFi-as-a-Service offerings. It also provides the necessary capabilities to launch and manage DeFi funds effortlessly.
Velvet Capital’s DeFi-as-a-Service model offers advanced tools for asset managers. This model allows for the launch of tokenized funds or strategy products that operate fully on-chain. Through smart routing and yield farming integrations, users can increase the capital efficiency of their portfolios. Recognizing the growing demand for decentralized alternatives, Velvet Capital has joined the Cointelegraph Accelerator program. This partnership aims to make digital asset management easily accessible to everyone.
Velvet Capital enables cross-chain DeFi operations for asset managers across different blockchain networks. It offers omni-chain portfolio management with automated tokenization, smart yield farming, and seamless integration. Institutional funds and asset managers can access real-time portfolio data through Velvet’s white-label client portal.
The future of Velvet Capital lies in its ambition to become a community-managed protocol. With the establishment of Velvet DAO, a decentralized autonomous organization (DAO), participants will have a say in votes and decision-making processes. Velvet DAO will introduce VLVT, the native governance token of the network, and distribute tokens based on users’ total value locked in their accounts and time spent on the platform. Users interested in participating in the genesis of Velvet DAO can secure their spot within the DAO by obtaining a Velvet Founders NFT and using the exclusive invite code Cointelegraph23.
Cointelegraph launched its Accelerator program in early 2023 to support the development of Web3 startups and products. The program provides partners with resources such as advertising and media coverage, expert workshops, network introductions, participation in crypto events, and the development of marketing strategies. Through the partnership with Cointelegraph Accelerator, Velvet aims to attract a larger audience and gain visibility for its DeFi asset management operating system.
By expanding the reach of Velvet’s DeFi services and leveraging the media exposure provided by the Cointelegraph partnership, Velvet aims to bring the next wave of users into the DeFi space. The simplicity and accessibility of their DeFi asset management operating system make DeFi trading more approachable for users of all levels of expertise.
In conclusion, the collapse of centralized organizations in the crypto industry has prompted a growing interest in DeFi. Velvet Capital, with its on-chain digital asset management infrastructure, has emerged as a trusted and user-friendly solution. The partnership with Cointelegraph Accelerator further enhances Velvet’s visibility in the market, attracting more users to its DeFi services and shaping the future of DeFi-as-a-Service.
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