On the 18th of January, DeSyn Protocol (a platform for the management of Web3-based asset portfolios) went live on the Ethereum mainnet. The protocol break provides an alternative to circumvent the limitations of conventionally managed portfolios of exchange-traded funds (ETFs). This takes into account restricted access to the worldwide market and so on.
DeSyn Protocol Gets Released on the Mainnet of the Ethereum Network
It provides on-chain innovation for decentralized finance-based asset management in portfolios and ETFs. The platform backs the consumers to openly develop as well as organize diverse investment portfolios built on smart contracts. It additionally supports several kinds of strategies for the management of assets.
In addition to this, it offers management services for assets with a comprehensive procedure comprising fundraising, withdrawal, management, and investment, hence minimizing the charges of creation, participation, as well as management. Apart from that, Slowmist and Certik have carried out the audit of their contracts’ security codes a couple of times distinctively.
Simultaneously with the launch of the protocol, the formal Twitter account of DeSyn Protocol released an airdrop movement comprising 100,000 USDT tokens. The platform is a decentralized protocol for asset management in Web3. It permits the users to develop as well as manage portfolios based on customized pools with diverse on-chain assets (including derivatives, NFTs, tokens and so on) through a smart contract.
Protocol Utilizes ETH-Centered Module for Staking Contracts
In December, the platform published its monthly report in which it asserted that the protocol has considered the feedback of the consumers. As per DeSyn, they have fixed the bugs timely. The platform encouraged the community to keep on providing feedback for further developments. In the words of the protocol, it has completed the development of a module for staking contracts that leverages ETH tokens.
