As innovation pushes forward in DeFi, an adoption gap widens for traditional financial investors. ETPs allow retail investors to diversify their portfolios with tokens such as WBTC, WETH, wDGLD, USDC, EURS, and NZDS to hedge against fiat currency inflation while also gaining high potential crypto exposure.
“We are excited to partner with the WSBDApp and bridge the gap between traditional and DeFi investing,”
said Fernando Martinelli, CEO of Balancer Labs.
“WallStreetBets shares our mission of scaling accessibility to DeFi, and we are thrilled to welcome them into our ecosystem.”
Like an ETF or index fund, WSBDApp’s ETPs on Balancer create a carefully selected portfolio of tokens that are fully liquid, balanced to avoid inflation, and non-custodial. As part of the collaboration, WSBDApp users will connect wallets to their Balancer Protocol portfolios and use the proper currency to buy-in and receive a token representing their holdings. Balancer V2 rebalances the portfolio providing a user-friendly and dynamic control.
Balancer V2’s operations significantly reduce gas and processing fees, and users will receive frequent updates about the status of their ETPs. Once the funds are held, users get access to any upside of the collection and can sell back their shares when ready.
“The WallStreetBets community has something for everyone, and with democratic tools like ETPs, we’re showing the world how financial markets should really be managed,”
said BTCVIX, CEO of the WSBDApp.
“Balancer is providing our community the data they need to access and evaluate these portfolios, enabling really educated financial decisions.”
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Source: Cryptocurrency - investing.com
