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KyberVentures Investing In SteadeFi
What is SteadeFi
SteadeFi is a leverage protocol that can boost yield while managing risk for all participants of DeFi.
Yield framing has substantially boosted user adoption, LTV growth and money legos in DeFi space and has continuously evolved for the last three years. Further there was 4th generations of yield farming frameworks before SteadeFi. Basic Yield farming, Leveraged Yield Farming, Market-neutral leveraged yield farming, Automated Market-neutral yield strategies and finally 5th evolution, SteadeFi.
Automated market-neutral vaults have the right idea, but in their current state, the rebalancing is not fully optimized. There are a few more crucial parameters to maintaining predictable returns on the user's principal investment, so we've added those in and tested them out. We also know the best returns come from the best yield sources, so we’ve had our quant team on the case for months to find the most profitable (but risk-off) sources for our vaults. - From SteadeFi Blog Post
They solve problems of 4th generation Automated Market-neutral yield strategy by automatically executing and managing strategies while adjusting risk via smart hedging, isolated lending pools, fixed fate lending and insurance bonus. Their risk management solutions work in both up/down market cycles without requiring manual set-up, monitoring and repositioning of the strategies by DeFi users.
HK-based founders founded SteadeFi with 10+ years of solid career backgrounds in Finance and Fintech. The protocol is now on Mainnet Alpha and launched two lending pools and strategy vaults. You can get access to Alpha mainnet by requesting via Discord here.
We believe DeFi would be the core backbone of Web3 mainstream adoption. Along the way, we expect strong demands on SteadeFi type of solutions that can protect users’ crypto assets from volatility, optimized strategies that reflect their market outlooks, and predictability with the return on their investment.
Many retail users need help understanding the potential risk of being LPs or participating in leverage yield farming, especially now when DeFi protocols are getting more advanced and complicated than at the level of supporting institutions and professionals. We think SteadeFi’s simple UI and tested strategies and management tools will help users to earn higher yields that they deserve while reducing exposure to risks such as price volatility, negative yield, and liquidation.
After weeks of due diligence and discussions, KyberVentures decided to invest in SteadeFi. We are very excited to join hands with them to make the DeFi space accessible to the masses. Follow SteadeFi on Twitter to get the upcoming updates!
Kyber Ventures is the investment arm of Kyber Group, a Web3 Tech-focused group with popular products including a leading KyberSwap DEX & an all-in-one non-custodial web3 wallet Krystal. Kyber Ventures, founded and run by an OG web3 builder, wanted to support entrepreneurs to build the next giants of the decentralized world.
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