Coinbry

  • Market Cap: $2,520,039,623,956.63
  • 24h Vol: $71,988,755,025.45
  • BTC Dominance: 50.99%
Arbitrum and Optimism welcome the launch of decentralized asset management system

Arbitrum and Optimism welcome the launch of decentralized asset management system

Valio, a decentralized asset management platform, has launched publicly, allowing investors to back money managers without having to trust them as custodians. The app’s launch is initially taking place on the Abitrum and Optimism networks. Users can browse lists of money managers, view their stats, and deposit assets to participate in their funds. All assets are held in smart contracts and cannot be removed by the money manager. Valio is integrated with perpetuals trading platform GMX on Arbitrum and decentralized exchange protocol 0x on Optimism. The platform uses a system called “cumulative price impact tolerance architecture” to limit the amount of price impact money managers can cause. Valio aims to level the playing field by allowing anyone to be a money manager based on performance rather than traditional credentials. The app also offers a user-friendly option for those who are not familiar with Web3 technology. Valio represents the future of asset management and aims to attract the “Wall Street Bets” crowd interested in actual success.

Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.