Decentralized finance (DeFi) has gained significant traction as an alternative to centralized finance (CeFi) following the collapse of major centralized organizations in the industry. Velvet Capital, backed by Binance Labs, is offering an on-chain infrastructure for digital asset management, making it easier for emerging fund managers to create and manage on-chain funds and structured products. The growing demand for decentralized alternatives has led Velvet Capital to join the Cointelegraph Accelerator program, aiming to bring easy access to digital asset management for everyone.

The Rise of DeFi

The number of users in the DeFi space has grown exponentially over the years. According to a Statista report, DeFi usage grew from less than 1,000 users in 2017 to over 6 million in January 2023. This highlights the significant growth and inflow to the DeFi ecosystem.

Veldet Capital integrates with major DeFi protocols such as Chainlink, Safe, 0x, 1inch, and PancakeSwap, enabling asset managers, banks, fintech companies, and traders to trade on-chain and leverage its DeFi-as-a-Service offerings. With its cross-chain DeFi asset management operating system, Velvet Capital provides advanced tools for asset managers, allowing them to launch tokenized funds or strategy products on-chain and increase the capital efficiency of their portfolios through smart routing and yield farming integrations.

Advancing DeFi-as-a-Service

Velvet Capital aims to shape the future of DeFi-as-a-Service through its community-managed protocol known as Velvet DAO. Participants of Velvet DAO will have a say in votes and decision-making processes by using the native governance token, VLVT, distributed through a token launch and airdrop. The protocol offers cross-chain capabilities, omni-chain portfolio management, automated tokenization, smart yield farming, and real-time portfolio data access for institutional funds and asset managers through its white-label client portal.

Partnering with Cointelegraph Accelerator

As part of the Cointelegraph Accelerator program, Velvet Capital aims to reach a wider audience and gain media exposure for its DeFi asset management operating system. The program provides resources such as advertising and media coverage, workshops with experts, network introductions, participation in significant crypto events, and the development of marketing strategies. Velvet Capital will also offer the exclusive invite code “Cointelegraph23” for DeFi users who want to participate in the genesis of Velvet DAO and shape the future of the DeFi-as-a-Service protocol.

Summary:

Velvet Capital, backed by Binance Labs, has joined the Cointelegraph Accelerator program to advance its on-chain infrastructure for digital asset management in the DeFi space. Velvet Capital offers cross-chain capabilities and a DeFi-as-a-Service model that allows asset managers to launch and manage tokenized funds and products on-chain. The protocol aims to decentralize decision-making through its community-managed protocol, Velvet DAO. By partnering with Cointelegraph Accelerator, Velvet Capital aims to reach a wider audience and gain media exposure for its DeFi asset management operating system.

FAQ:

What is Velvet Capital?

Velvet Capital is a platform that provides on-chain infrastructure for digital asset management in the decentralized finance (DeFi) space. It allows users, including emerging fund managers, to create and manage on-chain funds and structured products.

What is the Cointelegraph Accelerator program?

The Cointelegraph Accelerator program is designed to support and promote the development of Web3 startups and products. It provides resources such as advertising and media coverage, workshops with experts, network introductions, participation in significant crypto events, and the development of marketing strategies.

What is Velvet DAO?

Velvet DAO is a decentralized autonomous organization that aims to manage and govern the Velvet Capital protocol. Participants of Velvet DAO can use the native governance token, VLVT, to have a say in votes and decision-making processes.

How does Velvet Capital enable cross-chain capabilities?

Velvet Capital is integrated with major DeFi protocols such as Chainlink, Safe, 0x, 1inch, and PancakeSwap, allowing asset managers to trade on-chain across different blockchain networks. This enables the execution of complex strategies across multiple ecosystems.

How can users participate in Velvet DAO?

Users can get whitelisted for a Velvet Founders NFT by visiting the Velvet DAO website. The NFT grants users a place within the DAO and the rights to shape the future of the DeFi-as-a-Service protocol. Users can use the exclusive invite code “Cointelegraph23” to participate.