Velvet Capital Launches on Base to Revolutionize DeFi Portfolio Management

Simplifying DeFi Portfolio Management

Velvet Capital has launched on Base, aiming to streamline decentralized finance (DeFi) portfolio management and social trading. The platform simplifies onchain portfolio management by allowing users to trade tokens or farm DeFi protocols efficiently. As the DeFi ecosystem expands, managing investments across numerous chains and protocols becomes increasingly complex, presenting challenges for both experienced traders and newcomers.

Unified Platform for Efficient Trading

Velvet Capital addresses these challenges by providing a unified platform for DeFi portfolio management. Users can access various DeFi protocols, such as Aerodrome, Uniswap, Aave, and Beefy, through a single interface. This eliminates the need to switch between multiple platforms, reducing inefficiencies like higher fees and missed yield opportunities.

The platform's key features, vaults and intent-based trade execution, further enhance the user experience. Vaults facilitate asset management in public or private spaces, enabling collaboration and community building. Intent-based trade execution automates the technical aspects of trading, optimizing routes for desired outcomes across multiple protocols.

Engaging Users with Competitions and Incentives

To attract traders, Velvet Capital has introduced initiatives like a trading competition with a 10,000 USD Coin (USDC) reward and a liquidity mining program. These campaigns encourage users to explore DeFi protocols and engage deeply with the platform.

Expanding DeFi Accessibility

Following its Base launch, Velvet Capital plans to expand by launching on the Ethereum mainnet and supporting networks like Arbitrum and BNB Chain. The platform also aims to integrate real-world assets and perpetuals, broadening trading opportunities and strategies. With a token generation event planned for 2024, Velvet Capital is set to further refine its platform and expand its ecosystem.

Paving the Way for Broader DeFi Adoption

Velvet Capital's innovative approach has the potential to reshape DeFi by making it more accessible and streamlined. By eliminating technical barriers and providing a unified system for managing DeFi portfolios, the platform paves the way for broader adoption, bringing DeFi closer to mainstream finance.