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Spool launches its Smart Vault tool to radically simplify risk-managed yield portfolio creation

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Spool, the DAO creating a platform to build seamless DeFi products for investors of all backgrounds, launches its Smart Vault creation tool. Smart Vaults enable individuals and institutions to create customizable and diversified yield portfolios. Through a 5-step Smart Vault, or “Spool,” creation process, users can tailor all aspects of their portfolio, including assets, risk models, strategies, and allocations, to their goals.

Digital assets have the potential to change how people invest and build wealth. But the difficulty in getting accustomed to DeFi processes slows adoption. Cryptocurrency can be confusing to navigate on its own, and adding in the complexities of financial strategies and technology often stifles curiosity and exploration. Traditional institutions and individual investors interested in entering the DeFi space may find it grueling to build and manage comprehensive yield-generating portfolios.

Spool empowers investors of all sizes to easily participate in DeFi by simplifying previously inaccessible investment products. Through its non-custodial platform, users now have access to multiple yield generators while maintaining control of risk appetite and portfolio diversification. Built as a toolbox for institutions and individuals exploring decentralized finance, Spool eliminates the complexity that often characterizes DeFi product creation. The Spool Smart Vault creation pathway grants user agency over every key parameter of their DeFi portfolio, including:

  • Spool Asset

Users can select from 3 stablecoins including USDC, DAI, and USDT to start building the portfolio.

  • Risk Model

Spool’s native risk model analyzes key facets of yield generators including APY, TVL, time deployed, code audits, bug bounties, and depth of smart contracts to generate a comprehensive risk score. External risk model providers can create additional models implementing their own assessment criteria, which can be added to the platform once approved by the Spool DAO. This allows capital contributors to choose which model to utilize based on parameters that best suit their needs.

  • Strategies

Creators can select and combine multiple strategies to build a diversified yield portfolio. Currently available strategies use key yield farming protocols and liquidity pools such as AaveCurveHarvestConvex, and Yearn, among others.

  • Risk Appetite

Capital contributors can set an adjustable risk appetite for their chosen investments using a sliding scale from 1 to 10. Each setting automatically updates fund allocations to each strategy and the projected APY which reflects the risk appetite.

  • Performance Fee 

Once all the yield generators are selected, Spool creators can set a performance fee to a maximum of 20 percent, generating additional profit from other investors choosing to deposit in the Smart Vault. Spool creators can then name their Spool and connect their crypto wallet, activating the Smart Vault.

The Spool creation feature opens the door for further developments. This includes a Software Development Kit (SDK) built for seamless white-labeled front-end integration by third-party developers, projects, and businesses to utilize Spool’s Smart Vault solution. Additional integrations to Spool’s native infrastructure include user-generated risk models and additional strategy protocols.

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“We are incredibly proud to launch our flagship service to any investor or institution ready to make the leap into DeFi,” says Philipp Zimmerer, Core Contributor at Spool. “DeFi is the future of finance, but making its infrastructure accessible to everyone is vital to help grow to its full potential. Opening our creation toolkit puts Spool at the forefront of becoming the hub for decentralized financial products and services.”

Blockchain

XBO.com covers the bases FTX didn’t, all assets held 1:1 and always accessible to users

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XBO.com, the cryptocurrency exchange making the benefits of crypto more accessible to everyone, reassures its users their funds are safe with the exchange, promising no mishandling of funds is possible. XBO.com is working on a proof-of-reserves protocol and is holding all assets of their users 1:1 in segregated accounts through its collaboration with Fireblocks, on its recently launched platform, which merges gaming-inspired UI and top security solutions to offer traders a user-friendly and reliable alternative to existing exchange platforms.

With Bitcoin and Ethereum reaching new lows that were not seen since 2020, the crypto world is licking its wounds from the FTX crash. When Binance backed out of its rescue deal for FTX over reports of mishandling of customer funds, investors’ trust in centralized crypto exchanges dropped drastically. As many have noted, however, it was poor management that led to FTX’s downfall, not a failure of the centralized-exchange business model or underlying technology. Sam Bankman-Fried’s trading firm Alameda Research heavily invested in the FTX exchange’s FTT token, essentially inflating the token’s price using investors’ money to back it up.

Today, XBO.com reassures users that such a prospect isn’t even possible on its platform. XBO.com doesn’t have a native token. XBO.com meets the need for a user-friendly and accessible crypto trading platform. Leveraging an intimate familiarity of crypto users’ pain points and a deep understanding of social gaming UX, XBO.com makes buying and selling digital assets simple and enjoyable for both amateur and experienced crypto users who find traditional crypto trading platforms intimidating.

“The FTX crash is unfortunate first and foremost to investors on the exchange, but the mistrust users have for centralized exchanges now is harming the whole crypto industry,” says CFO of XBO.com, Dor Maman. “We want to ensure users who invest through XBO that their assets are safe and held 1:1 with zero exposure to currency rate fluctuations. We comply with the highest industry standards in terms of safety and security, and always believe our users come first.”

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Tomi’s DAO-governed ‘free web’ offers dark-web anonymity while prohibiting violence

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Tomi, an anonymous project led by eight big names in crypto, unveils TomiNet, a secure and encrypted protocol empowering journalists, activists, and ordinary citizens to surf the web free of government and corporate surveillance. The network leverages DAO governance to foster community-driven censorship of the more illicit activities that run rampant on the most prominent alternative internet networks today.

Tomi team is anon

If Satoshi Nakamoto’s real name were known, would Bitcoin’s creator be banished to the fringes along with Julian Assange, Edward Snowden, and Alexey Pertsev? Or would he be right up there with Elon Musk and Balaji Srinivasan as one of the best known entrepreneurs of our time? We’ll never know, because Satoshi wanted the world to judge the creation, rather than the creator. Tomi’s founders agree with that approach.

TomiNet kicks off a clean slate for the Internet, one where Google and Facebook don’t have power over people’s identities, Amazon doesn’t crush small businesses and host more than a third of the world’s data, and government and corporate surveillance is impossible. TomiNet threatens businesses, fiat currency systems, and power and data brokers around the world. As such, there are many reasons for which the 80+ Tomi team members feel their safety may be at stake and choose to follow Satoshi’s footsteps in remaining anonymous.

The project

TomiNet is almost fully built and synchronized with its alternative blockchain DNS service (tDNS). Users will be able to download the TomiNet browser or create a browser that points to tDNS, buy .tomi domain names, and vote on the DAO that governs the network. Through TomiNet’s browser, users surf the network with a built-in VPN that allows them to access uncensored information in countries that censor and hide IP addresses.

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The network is governed by a community-led DAO, which votes on decisions via “Pioneer” NFTs and Tomi tokens about running TomiNet and censoring content that doesn’t meet the network’s “blacklist” community guidelines. Terror, child porn, and other forms of violence are among the categories on the blacklist to be voted down by the DAO.

The Tomi team holds weight equal to average users in voting about the community guidelines and censorship, though it will hold enough tokens to have stronger influence over the technological direction of the project in the initial stages. TomiNet is structured in a way that creates a path for the citizens of the new web to out-vote the core developers and technological leadership within three years. That’s intentional on the part of Tomi, which doesn’t seek the kind of power held by the leaders of projects such as Ethereum or Cosmos.

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REVEALED: Searches for ‘Ronaldo NFT’ skyrocket 206% after Cristiano Ronaldo launches first-ever NFT collection on Binance Marketplace

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Analysis of Google search data reveals that online searches for ‘Ronaldo NFT’ exploded 206% worldwide on 15th November, as news broke that Cristiano Ronaldo has launched his first NFT collection, which was unveiled on Friday 18th November in collaboration with Binance Marketplace.

New insights by CoinGecko reveal that as soon as the launch was announced via Twitter by Ronaldo, fans of the legendary football player caused an explosion of searches on the web to find out more about his new partnership with Binance.

The arrival of the partnership has been available to consumers since Friday 18th November. It will be the start of the multiyear collaboration with one of the largest crypto exchange platforms and one of the most iconic professional athletes on the planet.

Over the past day, searches for ‘Ronaldo’ have also increased by 191% in the UK and 47% worldwide.

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Searches for ‘Binance’ in the UK saw an explosion of 499% due to fans’ curiosity to know more about the cryptocurrency marketplace.

It is not unusual for celebrities to dabble in the NFT world of cryptocurrency, and the surge in searches for ‘celebrity NFTs’ over the past week has seen an increasingly large amount of interest worldwide. Over the past seven days, Google searches for ‘celebrity NFTs’ increased by 1,251% worldwide.

“Given the level of influence and popularity of celebrities, they have become integral to the success of NFT projects,” Bobby Ong, COO and co-founder of CoinGecko, said. “Fans and followers want to spend on collectibles and experiences created by their favourite stars, and this includes digital collectibles, like NFTs.”

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