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Vovo Finance
Vovo Finance is a decentralized finance (DeFi) platform providing structured products designed to help users manage risk and generate yield on their crypto assets. It offers various investment strategies, such as principal-protected vaults, that use farming rewards to take leveraged positions on cryptocurrencies like ETH and BTC.
Distributed
Description
Vovo Finance provides structured DeFi products designed for yield generation and risk management. It allows users to grow their cryptocurrency holdings through customizable yield strategies. The platform offers packaged financial instruments with a variety of risk-return profiles and payoff structures. Key products include 'Up Vaults' and 'Down Vaults' for both ETH and BTC, which utilize funds from farming pools to open periodic leveraged long or short positions. Additionally, Vovo Finance offers GLP Vaults where users can stake GLP tokens, with the rewards being used for leveraged long or short positions on ETH and BTC. The project has been audited by PeckShield and HashCloak and has partnered with several other entities in the crypto space.Grant Funding
VC Funding
None
2022
$0
$2M