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Single finance Raise $ 1.2 million to launch the first liquidity mining of historical performance databases and pseudo-market neutral strategic platforms.
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Their users will be able to implement market-neutral pseudo-liquidity mining strategies with optimal capital protection.
China, Hong Kong-(Newsfile Corp.-December 15, 2021)-Single Finance, a decentralized finance protocol that provides a leveraged yield farming strategy, has completed a $ 1.2 million seed round funding, the DeFi project said. Announced in early December.
Single finance
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0xVentures, Enzac Research, Genblock Capital, Trinity Venture Capital, SkyVision Capital, and some angels in the industry who want to remain anonymous are participating in seed round funding. Aventures and Contango Digital Assets will also join as strategic partners to strengthen our connection to the DeFi world.
Single Finance states that it will bring a user-friendly experience and capital protection to DeFi so that everyone can earn more stably. “For both new and experienced farmers, their main goal is to get high yields without incurring excessive permanent losses or being liquidated in an instant. Click.” ..
On a single finance platform, users borrow digital assets from the lending pool and transfer the deposited funds to decentralized exchanges such as Trader Joe, Pangolin and VVS.finance. In addition, the yield obtained from the platform is automatically compounded by the single finance bot. Since single financing is carried out in a market-neutral strategy, the volatile coin assets of the selected liquidity pair are fully hedged by the assets borrowed at the start of the position. Therefore, the impact of permanent loss is minimized. The bot also automatically rebalances liquidity pool assets.
“The best thing about single financing is that it calculates the APY and implements a stop-loss mechanism that is valued at the principal value of the US dollar,” the company said. Under the platform-equipped stop-loss bots and rebalance bots, users will not lose more than 15% of their capital in US dollars and the bots will manually adjust their position.
At its initial launch, Single Finance will only support Avalanche and Cronos, but will support all EVM compatible chains in the future. The platform wants to allow users to keep their money in their favorite chains while earning yields from other chains.
Single Finance is also working on launching Time Machine, the first agricultural database in history. Time Machine is DeFi Space’s first but innovative liquidity mining database. Currently, there is no historical performance data for liquidity mining and yield farming with any DeFi protocol.
With Time Machine, users can explore real-world return performance data such as agricultural performance, transaction fees, DEX yields, and price impacts for different liquidity pairs for all DeFi users, especially yield farmers. You can help you make the right decisions.
“It was easy for us to deploy a risk-managed leveraged yield farming strategy in a fast-growing ecosystem with cross-chain ambitions with a single click. A solid team, interesting and useful. Products, a new ecosystem, made the decision easier. “0xairtx, a partner of 0x Ventures, said.
The single finance team said it aims to launch both a single-click strategy and a time machine in January 2022.
contact
Single finance
hello@singlefinance.io
https://www.singlefinance.io
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