Spool, the platform that helps users build customized and safe DeFi yield portfolios, has launched on Arbitrum One. This integration brings Spool’s tools and six strategies to Arbitrum’s ecosystem, which has over 2.4 million unique wallets.
With Spool’s non-custodial platform, even retail investors and institutions new to DeFi can easily access a wide range of yield generators. The Smart Vault creation toolbox simplifies DeFi’s complexity, allowing investors to adjust their risk appetite, fund allocations, and market exposure.
Institutions can even create DeFi portfolios for themselves or white-label their Smart Vault into their own product offerings with Spool’s advanced customization and streamlined user interface.
Philipp Zimmerer, Chief Strategy Officer of Spool, said: “Deploying on a new blockchain required serious deliberation and analysis for us, but we ultimately chose to work with Arbitrum given its penchant for transparency, community engagement, and consistent emphasis on working with innovative projects.”
Following a successful vote and risk assessment by the Spool DAO, six yield strategies were selected to launch on Arbitrum One, including Curve 2Pool: USDC and USDT, Aave DAI, USDC, and USDT, MIM Curve USDC and USDT, Yearn Curve MIM, TimelessFi USDC, and Balancer DAI, USDC, and USDT.
Arbitrum is now the leading layer-2 blockchain, offering speed improvements and lowered scalability costs to Ethereum without compromising on security. With Spool’s deployment on Arbitrum One, the platform is poised to become the go-to DeFi destination for the growing ecosystem of the blockchain network.
Read Also: Spool Introduces New Yield Generators To Foster DeFi Adoption