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Factor
Factor is a DeFi composability layer and on-chain asset management platform that enables users to create, distribute, and monetize automated, permissionless financial strategies without coding. It serves a wide range of users including strategy creators, asset managers, depositors, developers, and DAOs. The platform's key products include Factor Studio for no-code strategy creation, Factor Discover for finding and participating in strategies, and a Factor SDK for developers to build custom applications. The protocol is governed by the FactorDAO.
Distributed
Description
Factor is a DeFi composability layer and on-chain asset management platform built on Arbitrum, designed to simplify the creation and management of complex financial strategies. It allows users to create automated, permissionless strategies without coding by mixing and matching various DeFi protocols. The platform's product suite includes 'Factor Studio,' a no-code, drag-and-drop interface for building and sharing strategies; 'Factor Discover,' a marketplace for users to find and invest in community-curated strategies; and the 'Factor SDK' and REST APIs for developers to build custom applications. Factor integrates with a wide range of protocols like Aave, Balancer, Camelot, and GMX, supporting primitives such as lending, borrowing, yield farming, and staking. The platform is governed by the FactorDAO, where FCTR token holders participate in decision-making. Security is a priority, with smart contracts audited by PeckShield and SourceHat and actively monitored by Chainalysis.Grant Funding
VC Funding
None
2023
$0
$7.5M