Asva Labs formed an alliance with Idavoll Network
Asva Finance is slowly moving into a DAO structure. As they cross new milestones in their journey, they plan to hand over its governance system to the Asva community. To set that vision into motion and define their unique DAO structure, they have partnered with Idavoll Network — a DAO platform that provides infrastructure and services to projects on the Idavoll Network and Polkadot parachains. Idavoll will help Asva Finance integrate a customized regulatory and governance framework into its ecosystem.
Asva Finance-Idavoll partnership: What does it mean for its users?
Asva Finance, one of the premium products from Asva Labs, is a cross-chain DeFi aggregation protocol that leverages DeFi protocols from multiple blockchains to feature a wide range of functionalities like cross-chain token swaps, lending, borrowing, yield farming, and portfolio management. Their advanced cross-chain routing mechanism offers the best rates to users for all the services they avail from a simple user-friendly interface.
Being a fully decentralized platform, they are on the journey to realize its full meaning through a multichain DAO governance structure.
Idavoll Network will play a key role in developing their DAO architecture, including the organizational structure, voting mechanism, and governance aspect of tokens. Moreover, Idavoll Network will help us facilitate a secure governance and decision-making process on Asva Finance.
Wrapping Up
They are excited to collaborate with Idavoll Network in facilitating a community-driven, democratic economy for the decentralized world.
“We are really looking forward to working with Idavoll Network and designing a community-driven governance structure for Asva Finance. More features will be unveiled in the coming phases as part of the strategic collaboration. We are certain our community will be as excited about Idavoll integration as we are.”
– Mallikarjuna Naidu, CEO of Asva Labs.
“We’re happy to partner with Asva Finance to help them with DAO governance structure. In the quest of making DeFi accessible, Asva finance is building multiple financial products. Idavoll Network and the team is excited to collaborate with Asva Finance and welcomes to our family.”
-Abhilash Atmaram, CEO, Idavoll Network
About Idavoll Network
Idavoll Network is a decentralized organization network based on the Substrate development framework while running as a parachain on Polkadot. Idavoll Network has a set of pallets to achieve the management of DAOs: organization module, voting module, token module and finance module. By interconnecting the four main modules together, everyone can define a DAO which constrains how actions can be performed within the organization.
About Asva Labs
The world’s pioneer platform to fuel interoperable applications for DeFi, NFTs, and the metaverse, Asva Labs leverages Web3 blockchain technologies to pave the way for an interactive decentralized ecosystem. We address the existing limitations of the industry through cross-chain interoperable apps that flaunt remarkable scalability.
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