17 hours ago
The Lido Ecosystem Foundation has rolled retired its caller GG Vault (GGV), a streamlined solution designed to springiness crypto users speedy and casual entree to diversified, high-yield DeFi strategies.
GG Vault, which is present disposable via the caller Earn tab, volition automatically deploy idiosyncratic deposits crossed a handbasket of trusted DeFi protocols, helping investors gain output without having to negociate aggregate positions themselves
With the launch, users tin deposit ETH, WETH, stETH, and wstETH, with GGV automatically allocating funds crossed DeFi protocols similar Uniswap, Aave, Euler, Balancer, Gearbox, Fluid, and Morpho. The extremity is to simplify what has traditionally been a multi-step process, bringing aggregate output strategies nether 1 roof.
“People privation entree to higher-rewarding strategies without juggling aggregate venues,” said Jakov Buratović, the maestro of DeFi astatine the Lido Ecosystem Foundation, successful a property merchandise shared with CoinDesk. “GGV successful Earn answers that request by making diversified strategies disposable successful 1 click, portion DVV provides a straightforward way to supporting validator diverseness and robustness. Together, they amusement however Lido is evolving entree to some output opportunities and decentralization.”
Alongside GGV, Lido besides launched the Decentralised Validator Vault (DVV), which aims to dispersed Ethereum's validation process crossed much participants. When users deposit into DVV, their funds are routed to antithetic validator networks, helping amended the system’s information and diversity. On apical of regular staking rewards, users tin besides gain other tokens from the participating validator networks
The caller Earn tab consolidates these offerings, providing a unified hub for Lido’s products.
Read more: Lido Proposes a Bold Governance Model to Give stETH Holders a Say successful Protocol Decisions
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