A Pantera-backed startup now automatically identifies highest yields in DeFi

Staked, a cryptocurrency staking startup backed by Pantera, Coinbase, and others, now automates the process of finding high-yield opportunities for investors.

The firm announced today the Robo Advisor for Yield (RAY) service, a set of smart contracts that automatically move users’ digital assets to the highest-yielding opportunities. With RAY, users do not have to monitor the returns of different investment opportunities and move their assets around accordingly. At launch, RAY supports decentralized finance (DeFi) protocols Compound, dYdX, and bZx, per a company statement.

“Right now, crypto investors are attracted by the yields offered by DeFi lending opportunities. Most investors want the highest rate available but don’t want to constantly monitor and re-allocate as market conditions change,” said Staked CEO Tim Ogilvie in a company statement. Read More at TheBlockCrypto...

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