Reading time: ~2 m
Cross-chain platform Lido, in collaboration with fintech company Idle DAO, announced the launch of new products. They are made for staking on the ETH 2.0 network. Their mission is to empower decentralized finance (DeFi) by minimizing risk for clients.
The Perpetual Yield Tranches (PYTs) service offers users an annual percentage rate (APR) ranging from 1.8% to 8%. Lido has partnered with Idle DAO to enable secure staking. Together, the companies will provide the opportunity to place bets with perpetual returns using the stETH token.
Representatives of organizations issued a statement where they said that their products are unique in their own way for the DeFi market. The key feature is that they use built-in mechanisms to protect investors. Thanks to this, it is possible to ensure minimal risks, as well as a reliable and stable level of profit.
The so-called Perpetual Yield Tranches (perpetual tranches of profitability) allow providers of liquidity of cryptocurrency assets to have a good passive income.
Special algorithms developed by company programmers significantly reduce the likelihood of losing user funds due to traditional problems of the crypto market, such as volatility and others. Lido executives noticed that risk hedging has become very important in today’s crypto world.
Perpetual tranches were divided into several types. Junior Tranches allow you to get a higher share of income, but at the same time carry greater economic risks. Senior Tranches are the most reliable, but can only pay 1.8% per annum.
Lido representatives said they have developed and implemented a user incentive program that will allow them to offer a higher interest rate without increasing the level of risk. Ultimately, this figure will rise to 5%.
Earlier, the Crypto.ru editors reported that the Solana-based DeFi project Wormhole lost about $320 million due to an attack by cybercriminals.
#Lido #Idle #DAO #announce #staking #products
