• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
Spool

Spool’s LBP and the Promise of Accessible Yield Optimization

NewsBTC by NewsBTC
1 year ago
in Company News
Reading Time: 2 mins read
Advertisement

Yield optimization platforms have become one of the hallmarks of the DeFi industry. The problem with most of these solutions, however, is that they’re not accessible to everyday users. While at the core of their functionality is the ability to automate yield farming operations, they don’t always deliver on user experience nor composability.

This is the need that Spool is looking to meet. The new project has recently announced a December 13 Fair Launch using Balancer’s Liquidity Bootstrapping, or LBP, via the Copper platform. The project will distribute 5% of its total supply by opening a weighted SPOOL:DAI liquidity pool that will eventually reach 50:50 over the 3-day period. This way, the SPOOL token will start at a price of 2.44 DAI.

The middleware protocol enables the creation of customizable, diversified, and risk-managed DeFi portfolios that fit users’ risk appetites. It acts as an easy and accessible yield optimization tool that combines farming in multiple DeFi strategies via a single deposit. Likewise, the funds in these farms are dynamically rebalanced to optimize for yield and risk. This kind of solution didn’t exist in the Ethereum ecosystem.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

The initiative for this kind of service was started by the Spool DAO. The decentralized autonomous organization consists of over 40 firms including F2Pool, Genesis Block Ventures, JRR Group, DFG, DigiStrats, CMS, Barnbridge, and Faculty Group. All of whom are leaders in the DeFi space.

Genesis Block Ventures’ Leslie Tam commented on the protocol’s potential. “Spool’s middleware solution allows us to create custom strategies that can be integrated in DeFi applications via SDKs. As a fund that is actively ‘farming’ and holding a firm interest in DeFi, this is a toolset that we believe has been missing from the market and we look forward to deploying Spool to provide superior risk-mitigated outcomes for our fund strategies.”

Moreover, investors have been keen on backing Spool for its potential to serve the ecosystem as a whole. As a middleware toolkit, it can become a building block solution that connects to other DeFi projects who seek to build better user-facing products. In this sense, Spool can become an essential component to DeFi by offering a white label solution to a whole generation of DeFi apps and 3rd party User Interfaces that can leverage the power of Spool and make simple, diversified yield optimization accessible to everyone.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Best Play-to-Earn Startups to Watch in 2023 Amid the Crypto Market Recession

Best Play-to-Earn Startups to Watch in 2023 Amid the Crypto Market Recession

2 days ago
Industry Briefing: CoinEx & ViaBTC Capital Co-publish the 2022 CRYPTO ANNUAL REPORT to Review Crypto Categories

Industry Briefing: CoinEx & ViaBTC Capital Co-publish the 2022 CRYPTO ANNUAL REPORT to Review Crypto Categories

3 days ago
The Hidden Danger of Stablecoins

The Hidden Danger of Stablecoins

4 days ago
Venom Ventures Fund Invests $5 Million In Everscale To Catalyze Web3 Efforts

Venom Ventures Fund Invests $5 Million In Everscale To Catalyze Web3 Efforts

5 days ago
As Bitcoin Prepares for Bull Run, Could Projects Like Meta Masters Guild Shape the Crypto Market?

As Bitcoin Prepares for Bull Run, Could Projects Like Meta Masters Guild Shape the Crypto Market?

5 days ago
Aptos Records 415.80% Jump in 30 Days: OP, AUDIO, MEMAG & FGHT to Follow Suit

Aptos Records 415.80% Jump in 30 Days: OP, AUDIO, MEMAG & FGHT to Follow Suit

5 days ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Dogecoin (DOGE) And Fantom (FTM) Make Appreciable Profits As Orbeon Protocol (ORBN) Moves Closer To 700%

February 5, 2023

Monero (XMR) and Dogecoin (DOGE) are Popular Twitter Crypto Recommendations. Here’s Why Savvy Investors Choose Snowfall Protocol (SNW) Instead

February 5, 2023

Price Predictions for Polygon (MATIC), Uniswap (UNI), and Snowfall Protocol (SNW) for 2023 – 2030

February 5, 2023

Fantom And Decentraland Explode As Big Eyes Coin Raises $21M In Presale

February 4, 2023

The Metaverse Represents The Future of Web3: Decentraland (MANA), The Sandbox (SAND), and Snowfall Protocol (SNW) Lead the Way

February 4, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.