DeFi Structured Product Pods Closes $5.6 Million Seed Round with IOSG Involved

DeFi Structured Products Pods closed a $5.6 million seed round to create structured products for crypto assets earlier this year. The financing had investors such as IOSG, Tomahawk, Republic, Framework Ventures, 4RC, and more.

Pods Yield is a series of open-source smart contracts that algorithmically runs a known investment strategy, receive deposits, and process withdrawals. Today users can deposit ETH and stETH into the vault stETHvv (short for stETH Volatility Vault) and be exposed to a low-risk but complex-to-execute strategy in one click.