Gone are the days when decentralized finance (DeFi) was a niche for crypto frontrunners, while centralized finance (CeFi) was the absolute owner of users’ trust. Following the collapse of major centralized organizations within the industry, such as FTX, Prime Trust, and Celsius, among others, the user base — from traders to asset managers — realized the importance of self-custody and started looking for advanced services within the DeFi space.
Backed by Binance Labs, Velvet Capital offers an infrastructure for digital asset management to be done fully on-chain and eliminates/minimizes the barriers to entry for emerging fund managers, allowing people from all expertise levels to create and manage on-chain funds and structured products with minimal effort.
A Statista report shows that DeFi usage grew from less than 1,000 users in 2017 to over 6 million in January 2023, highlighting a significant inflow to the DeFi ecosystem.
The number of unique addresses that entered the DeFi space grew exponentially between 2019 and 2023. Source: Statista
Serving as a cross-chain DeFi asset management operating system, Velvet Capital is integrated with major DeFi protocols, like Chainlink, Safe, 0x, 1inch and PancakeSwap, enabling asset managers, banks, fintech companies and traders to trade on-chain and leverage its DeFi-as-a-Service offerings. With this model, Velvet provides capabilities to launch and manage DeFi funds with ease.
Advanced DeFi tools for asset managers
Velvet’s DeFi-as-a-Service model helps launch a tokenized fund or strategy product while executing fully on-chain. Through Velvet Capital’s smart routing and yield farming integrations, users can also increase the capital efficiency of their portfolio.
In response to the growing demand for decentralized alternatives, Velvet Capital is the latest participant in the Cointelegraph Accelerator program. By joining the program, Velvet aims to bring easy access to digital asset management for everyone.
Velvet enables cross-chain DeFi operations for asset managers. Source: Velvet Capital
Functional across different blockchain networks, Velvet enables complex strategies across multiple ecosystems with omni-chain portfolio management with automated tokenization, smart yield farming and seamless integration. Institutional funds and asset managers can access their portfolio data in real-time with Velvet’s white-label client portal.
Shaping the future of DeFi-as-a-Service
To achieve true decentralization, Velvet…
Click Here to Read the Full Original Article at Cointelegraph.com News…
