Pods offers a DeFi platform that enables retail investors as well as other DeFi protocols to diversify risk by investing in structured, yield-earning financial products. These products leverage open-source smart contracts that combine yields on Lido, an Ethereum staking protocol, with automated derivatives strategies that are independent of liquidity mining and lending returns. Users can deposit Ethereum and/or staked ETH into the protocol’s vault, known as “stETHvv” (short for stETH Volatility Vault), and earn returns.
Funding and financials
In December 2022, Pods raised USD 5.6 million in seed funding from Framework Ventures, IOSG, 4RC, and Republic, among others.
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