Skytopia Partnership with DeFund Protocol

Peter Chijioke — Sun, 04 Jun 2023 16:35:54 +0000

Skytopia has announce partnership with DeFund Protocol, a decentralized fund investment protocol. It consists of a series of smart contracts that allow anyone to manage the portfolio.

Project Overview

DeFund Protocol is a decentralized fund investment protocol. It consists of a series of smart contracts that allow anyone to use contracts to manage the fund’s assets, enabling decentralized investing.

DeFund Protocol consists of smart contracts on Ethereum for decentralized fund management. Users may interact with the contract at any time to implement fund operations without any third party’s authorization or permission.

DeFund Protocol opens in a new tab with Uniswap. The protocol breaks new limits by linking Uniswap’s exchange and liquidity market makers, ensuring not only decentralization, but also perpetuation using the permissionless liquidity provided by Uniswap V3. Whether you are bullish, bearish, or volatile, you can achieve higher returns with different strategies.

What is the difference between DeFund and traditional funds?

The fund will never expire and will be valid forever
Deposit at any time, redeem at any time, get to your account immediately
Anyone can participate in the investment or operation of the fund without any requirements
No counterparty trading is involved
There is no assets requirement, you can choose any fund that meets the requirements to deposit

Why DeFund?

Self Custody

Retain self custody of your assets, deposit and redeem at all times, permissionless. You decide where your money goes and invest.

Investment Portfolio

Get access to mainstream DeFi protocols, such as Uniswap and GMX. You can swap, provide liquidity and do long/short leverage all through DeFund.

Efficient Management

With the open SDK and built-in trading statistic tools, fund managers can deploy automated trading strategies and monitor the portfolio efficiently.

Scale Your Returns

Connect you to a pool of potential investors, making it easier to scale the fund and returns. Fund managers need only focus on investment strategies.

What are the risks

Although the fund has a higher safety factor than traditional stocks, it is also a risk investment product, so it cannot guarantee a certain profit. The net value of the fund will also change with market fluctuations. If the market fluctuates violently in a short period of time, it may cause greater losses. Therefore, every user who uses DeFund should understand the security risks behind the fund.

Vision

The core vision of the agreement is to realize a completely decentralized fund investment agreement, and rely on the existing decentralized DeFi agreement to build a more powerful DeFi application, so that LP and GP can manage assets more conveniently and quickly, and increase funds usage efficiency.

About DeFund

Website | Twitter

About Skytopia

Skytopia is a web3 entertainment brand that connects games and communities. They combine different forms of entertainment, including gaming, animation, and novels, to create an immersive entertainment metaverse for their users.

Website | Twitter