June 24, 2021 — PieDAO, a pioneer decentralized asset management company managed by a network of financial experts in tokenized portfolios, today announced the establishment of a strategic partnership with Linear Finance, a cross-chain synthetic asset agreement, to create a synthetic token. Including its large-cap and small-cap decentralized financial index funds, DeFi+L and DeFi+S. The new token LDEFI will allow investors to access various DeFi tokens without having to hold related assets. This mutually beneficial cooperation combines PieDAO’s meticulously researched index method with Linear Finance’s Linear.Exchange to list upcoming synthetic tokens, expand portfolio diversification, and bring users’ favorite cross-chain DeFi indexes.
LDEFI will be listed on June 17, allowing token holders to collectively invest in blue chip DeFi tokens, including Chainlink’s LINK, Maker (MKR), Aave, Uniswap’s UNI, Year.finance (YFI), Compound’s COMP, Synthetix (SNX) and SushiSwap (SUSHI), and high-growth projects including UMA, Ren, Loopring (LRC), Balancer (BAL), pNetwork (PNT) and Enzyme (MLN). This community-planned combination allows investors to access a wide range of financial services, including decentralized stablecoins, derivatives, price oracles, and second-tier scaling solutions.
The new synthetic token reflects the price trend of the existing PieDAO index Defi++, and consists of a 70% large-cap stock and 30% small-cap stock portfolio-this is an example of the modularity and composability brought by DeFi.
Users will be able to access the portfolio managed by PieDAO on the Binance Smart Chain, and will soon be able to access the portfolio on Polkadot. At the same time, they will be able to trade portfolio positions at low cost without slippage due to Linear Finance’s protocol architecture And liquidity restrictions.
“Traditionally, synthetic assets have brought new flexibility to investors who want to invest without holding the underlying assets. Linear Finance co-founder Kevin Tai said: “We use tokens for different types of assets. This makes DeFi elements more flexible, allowing multiple asset classes to be invested on a single platform, adding: “Our goal is to eliminate traditional barriers to entry, such as time, money, and expertise, so users can have no worries or Hesitate to start participating in DeFi.”
Synthetic tokens will be composed, maintained and managed by PieDAO’s growing decentralized DeFi pioneer community, which includes core members of projects such as Synthetix, Compound and MakerDAO. The community will be responsible for planning LDEFI tokens, deploying strategies, and sharing monthly data sets before regular “Pie” (digital asset portfolio) rebalancing.
“Defi++ is indeed the most diverse and highest yielding index on the market, setting the industry standard for all upcoming DeFi asset allocations. Now, with the development of a new synthetic LDEFI token on Linear.Exchange, we also Eliminates liquidity issues for users,” said PieDAO contributor Alessio Delmonti, adding, “The Linear Finance team supports PieDAO’s unique diversified approach, which stems from weeks of community research and discussion. We are very happy to continue our Mission, to have an outstanding partner by our side to bring automated wealth creation to all.”
Recently, PieDAO has partnered with NFTX to expand its diversified portfolio to include new Ethereum games and Metaverse Index Play, which allows investors to access a basket of irreplaceable token index tokens. Looking ahead, PieDAO will seek to introduce other synthetic versions of assets into Linear Finance’s asset agreement. To learn more about PieDAO and its ever-increasing number of portfolios, please visit its website.
PieDAO is a decentralized asset management company for digital asset portfolios, dedicated to removing traditional barriers to wealth creation. PieDAO combines the convenience of a passively held diversified asset basket with an active, high-return investment strategy, and allocates its DOUGH token holders to plan a tokenized investment portfolio (also known as “pie”) Tasks for users to invest without considering time, knowledge or the money they can spend. By incentivizing the alliance between DOUGH token holders and users, PieDAO will open up a new path to financial independence for anyone with an Internet connection. Learn more at https://www.piedao.org/.
Linear Finance is the first compatible and decentralized cross-chain delta-one asset protocol that can quickly and cost-effectively create, trade and manage liquid assets or Liquids and creative themed digital trading funds. Its Liquids provides users with one-to-one real-world asset exposure without the need to purchase actual commodities, so that financial products such as stocks, indices, exchange-traded funds, and commodities can be traded on the Ethereum network and Binance Smart Chain. Linear Finance provides investors with a low-cost, easy-to-use trading platform that can invest in multiple asset classes on one platform. Learn more at https://linear.finance/.
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