Introducing Radar Protocol
RADAR’s Autonomous Asset Management platform, is now live — This is the first cornerstone of Radar’s ecosystem and it is the beginning of a new experience, unmet before in the DeFi space.
That’s because Radar was built not to compete with other DeFi projects but rather to bring them all together.
There are currently numerous decentralized exchanges (DEX’s) available, with new ones being produced daily. Yet, each faces similar hurdles in attempting to provide their users with the quickest, most cost-efficient, and secured trades.
Each DEX has access to its own liquidity pools (LP), which boasts different trade terms for each coin. One DEX using its own liquidity pool may provide the best trade terms for “coin a,” while another DEX using a different LP may offer the best trade terms for “coin b.”
The end-user may benefit from some trades using one DEX versus another; however, there is always an alternative DEX offering better trade options for a different coin, resulting in lost opportunity for the clients.
They felt that the name “Radar” was suitable given its created purpose to locate and identify the most lucrative trade options for any given crypto at any given time across the entire crypto market.
They acknowledged that many influential and game-changing projects exist within the DeFi space and realised that by incorporating a more comprehensive range of services and products in one platform, we would offer our users an unparalleled experience.
As they mentioned at the beginning of the article, their first step in creating a full-end ecosystem for any crypto participant is the launch of our Autonomous Asset Management app. Also known as Radar Protocol, our AAM is a versatile tool that allows investors and vault managers alike to either create and/or join vaults centred around everything from yield and trading to NFTs. Therefore, investors are connected with track-winning proven asset managers and benefit from their extensive expertise.
Of course, with any relationship comes the need for trust and transparency. Investors need a reason(s) to choose one portfolio manager over another and given their busy daily lives; this becomes one more burden for them to take on. We recognised the problem and proudly introduced the solution:
Proof of Return (PoR) system that validates asset managers’ past performance on their assets under management, along with other factors, and assigns them a score.
Asset managers are now directly connected with investors on a platform that publics their actions, rewards and incentives their positive performance. This, in turn, makes them compete against the most strategic and successful managers across the industry, providing investors with the most promising performance on their capital.
📰 INFO
https://radar.blog/radar-protocol-enabling-a-cohesive-defi-experience-66dd7fd9592b
