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23 September 2019

Staked Automates the Best DeFi Returns With Launch of Robo Advisor

Staked Automates the Best DeFi Returns With Launch of Robo Advisor


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Staked Automates the Best DeFi Returns With Launch of Robo Advisor.

With RAY, investors can put their assets (ETH, USDC or DAI) into an asset-specific pool and the smart contract will automatically invest all or part of that pool into contracts with the best yield at any given time.

Tom Bean, CEO of BZX, a derivatives protocol that lets users long and short different crypto assets, told CoinDesk he was “excited” about a new pool to tap into.

The Staked pool could remove this pain point for BZX and any other new smart contract that gets whitelisted, Bean said.

But Ogilvie noted that it’s still new enough that returns on one smart contract spike over the others from time to time, and a vigilant investor can do well by catching those upticks.

When users put assets in RAY, they will get an NFT that indicates how much they put in and when.

That token will be redeemable for the assets and whatever returns they made, whenever the user is ready to take it out.

The token goes into a smart contract, not into RAY, and the assets can only be transferred back to the wallet where they originated from.

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