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NEW YORK, NY / ACCESSWIRE / November 30, 2020 / ApexDAO, a decentralized wealth management protocol based on the Ethereum blockchain has gone live. The protocol allows DeFi investors to take complete control of their digital assets while at the same time exposing them to the best investment options available in the DeFi ecosystem.
Decentralized Finance (DeFi) has grown over the past couple of years across a range of platforms on the Ethereum blockchain. This allows lenders, borrowers and investors to handle banking transactions without the need for banks to act as brokers.
DeFi operates on accounts that anyone can access around the world with just an internet connection. Investors can create, store, access and transfer any financial product without the need for banks, politics or brokers. The only thing investors need is an open source digital wallet.
Today, around $ 2 million is guaranteed in the DeFi market. With 205 DeFi projects listed, 193 are managed on Ethereum. Lending dApps have the largest market share. Additionally, some platforms allow users to hold leveraged positions, taking advantage of tokenized trading and margin lending.
The advent of smart contracts has made lending faster and easier by simplifying the interaction between borrowers and lenders.
Traditional wealth management focuses on investing and custody of assets. Direct profit sharing obliges an asset manager to pursue returns. Additionally, they can strike for a yield distribution that usually runs smoothly, but has a downside. In addition, direct measurement of returns can be clouded, particularly with illiquid assets.
With decentralized wealth management, the transaction ledger is public and can be linked to agree on the market price index in advance. This is all it takes to implement a contract between two parties.
How does ApexDAO solve the problem?
ApexDAO provides decentralized wealth management on Ethereum helping investors to get the best investment options. ApexDAO allows investors to invest in different strategies that operate on a transparent track record.
Centralized organizations like banks, hedge funds, etc., make profits from their financial products like funds, derivatives, etc., while they sell these products, banks and other financial institutions charge the commissions to the investors, thus taking advantage of the investors. ApexDAO solves the problem of excessive sensitivity and manipulation imposed by centralized financial institutions.
Rewards in the form of tokens provide immediate utility on a decentralized platform, which can be leveraged to exercise governance rights. Using the “APEX” token, users will be able to participate in 3 unique levels of ApexDAO.
– First layer: DeFi (Yield Farming Pool)
– Second level: Crypto Fund and Corporate Loan
– Third layer: SPAC (Special Purpose Acquisition Company)
We also focus on the SPAC service to make it more profitable for investors. SPAC (Special Purpose Acquisition Company) is an entity created by individuals to facilitate investments through an IPO (initial public offering).
SPAC funds are locked into a trust until the predetermined time period expires or is purchased. SPACs are used in various sectors. The SPAC approach helps companies to go public if they cannot do so by traditional means.
ApexDAO offers SPAC in the field of cryptography. This ensures investors to raise funds to purchase a blockchain project and sell it at a higher price to get more revenue. In addition, investors are provided with transparent and impartial information on where their funds are invested.
With more and more funds invested in the DeFi industry, it brings more diversity to the ecosystem. Crypto-finance applications and resource management tools are dominating the space, ApexDAO aims to provide endless opportunities and support the dApp ecosystem.
DeFi has given birth to brilliant and innovative ideas and ApexDAO is one of them. It aims to be the sophisticated investment vectors and strategies of tomorrow. The financial services industry around the world offers business opportunities, and DeFi is promoting those opportunities.
The year 2020 is known as the year of the “DeFi Renaissance”. DeFi’s token value has increased by 200% since the beginning of this year amid the global economic and health crisis. New state-of-the-art applications: ApexDAO will transform DeFi with lower cost and promise to reach the mass market.
Contact with the media
Company: ApexDAO Ltd.
Contact: Steffan Mendez
Phone: +1 (518) 490-9990
Email: [email protected]
Website: https://ApexDAO.io/
SOURCE: ApexDAO Ltd.
View source version on accesswire.com:
https://www.accesswire.com/618903/ApexDAO-an-Ethereum-Based-Dapp-for-Decentralized-Asset-Management
