Rari Capital Announces Official Launch of DeFi Robo-Advisor
- The main service of Rari Capital is to build technology that allows traders to earn interest on their idle capital.
After operating in stealth mode for the past few months, Rari Capital, a robo-advisor for the DeFi ecosystem, has announced its official launch this Tuesday, as well as laid out its plans for the future.
The main service of Rari Capital is to build technology that allows traders to earn interest on their idle capital, without user intervention. The company’s robo-advisor is run via the company’s algorithms, which automatically monitor DeFi protocols and reallocates funds based on potential.
Initially, Rari Capital will launch a Dapp Dapp A dapp, or decentralized application, is a computer application that runs on a distributed network. Dapps are most commonly associated with the blockchain networks that support them, such as Ethereum.Because dapps are decentralized, they do not exist under the purview of a centralized custodian or authority. The original Ethereum white paper effectively splits dapps into three types. This includes apps that manage money, apps where money is involved (but also requires another piece), and apps d A dapp, or decentralized application, is a computer application that runs on a distributed network. Dapps are most commonly associated with the blockchain networks that support them, such as Ethereum.Because dapps are decentralized, they do not exist under the purview of a centralized custodian or authority. The original Ethereum white paper effectively splits dapps into three types. This includes apps that manage money, apps where money is involved (but also requires another piece), and apps d Read this Term where traders can deposit their crypto-assets. These assets will be automatically rebalanced through its smart contract for maximum Yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term, the company said in its statement today.
“The team has worked hard on a risk assessment protocol which they will be sharing in the coming weeks to provide transparency to the public about how they handle integrations,” Rari Capital said in its statement today.
“Rari’s first implementation will be lending, as with most of their competitors, but Rari has multiplied yield through their own unique strategy: rebalancing not just between protocols, but between stablecoins as well.”
Rari Capital team
The team at Rari Capital consists of Jack Lipstone, David Lucid and Jai Bhavnani. Lipstone and Bhavnani previously co-founded Ambo in 2018, which was then acquire by MyCrypto. Lucid, on the other hand, was the Chief Technology Officer (CTO) of CRAFT Scooter before returning to the crypto ecosystem.
“With Rari’s potential for these “exotic” strategies by incorporating different facets of DeFi, they expect to outperform Compound by 2x within the first year,” the company said. “Even as lending rates trend lower, Rari’s future strategies will continue to offset the loss. The team expects to launch the first version of its product by the end of Q2 2020 and is currently running a wait list sign up on their website.”
After operating in stealth mode for the past few months, Rari Capital, a robo-advisor for the DeFi ecosystem, has announced its official launch this Tuesday, as well as laid out its plans for the future.
The main service of Rari Capital is to build technology that allows traders to earn interest on their idle capital, without user intervention. The company’s robo-advisor is run via the company’s algorithms, which automatically monitor DeFi protocols and reallocates funds based on potential.
Initially, Rari Capital will launch a Dapp Dapp A dapp, or decentralized application, is a computer application that runs on a distributed network. Dapps are most commonly associated with the blockchain networks that support them, such as Ethereum.Because dapps are decentralized, they do not exist under the purview of a centralized custodian or authority. The original Ethereum white paper effectively splits dapps into three types. This includes apps that manage money, apps where money is involved (but also requires another piece), and apps d A dapp, or decentralized application, is a computer application that runs on a distributed network. Dapps are most commonly associated with the blockchain networks that support them, such as Ethereum.Because dapps are decentralized, they do not exist under the purview of a centralized custodian or authority. The original Ethereum white paper effectively splits dapps into three types. This includes apps that manage money, apps where money is involved (but also requires another piece), and apps d Read this Term where traders can deposit their crypto-assets. These assets will be automatically rebalanced through its smart contract for maximum Yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term, the company said in its statement today.
“The team has worked hard on a risk assessment protocol which they will be sharing in the coming weeks to provide transparency to the public about how they handle integrations,” Rari Capital said in its statement today.
“Rari’s first implementation will be lending, as with most of their competitors, but Rari has multiplied yield through their own unique strategy: rebalancing not just between protocols, but between stablecoins as well.”
Rari Capital team
The team at Rari Capital consists of Jack Lipstone, David Lucid and Jai Bhavnani. Lipstone and Bhavnani previously co-founded Ambo in 2018, which was then acquire by MyCrypto. Lucid, on the other hand, was the Chief Technology Officer (CTO) of CRAFT Scooter before returning to the crypto ecosystem.
“With Rari’s potential for these “exotic” strategies by incorporating different facets of DeFi, they expect to outperform Compound by 2x within the first year,” the company said. “Even as lending rates trend lower, Rari’s future strategies will continue to offset the loss. The team expects to launch the first version of its product by the end of Q2 2020 and is currently running a wait list sign up on their website.”