- Balancer and WallStreetsBets announced earlier today about their collaboration.
- The partnership aims to effectively scale decentralized finance (DeFi) investing.
- Also, it aims to launch WSBDapp’s novel ETPs on Balancer V2.
The leading platform for programmable liquidity, Balancer Protocol, and the blockchain-based trading platform, WSBDApp, announced their collaboration to launch WSBDApp’s novel exchange-traded portfolios (ETPs) on Balancer V2.
More so, according to the announcement, these decentralized portfolios align with WallStreetBets’ belief in the “little guy” retail investor and aim to scale DeFi investing by hedging against inflation against fiat-linked crypto stablecoins, crypto native assets, and tokenized commodities.
Additionally, it is stated that this initiative will likely further expand the possibilities of decentralized finance (DeFi) and increase crypto exposure to both native and traditional investors—especially now that the portfolio compilation is determined, voted upon, and rebalanced by the WSBDApp community.
Fernando Martinelli, the CEO of Balancer Labs says,
We are excited to partner with the WSBDApp and bridge the gap between traditional and DeFi investing. WallStreetBets shares our mission of scaling accessibility to DeFi, and we are thrilled to welcome them into our ecosystem.
WSBDApp’s ETPs on Balancer create a portfolio of tokens that are fully liquid, balanced to avoid inflation, and non-custodial. Moreover, this partnership will allow WSBDApp’s users to connect their wallets to their Balancer Protocol portfolios. Also, users can utilize proper currency to buy-in and receive a token that represents their holdings. Consequently, the Balancer V2 rebalances the portfolio and provides a user-friendly but dynamic control.
In addition, the operations in Balancer V2 will significantly reduce gas and processing fees gradually, and give users frequent updates regarding the status of their ETPs. Once the funds are held, users will get access to any upside of the collection. Also, they can sell back their shares when ready.
The CEO of the WSBDAp, BTCVIX, further stated that “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,” He added, ” Balancer is providing our community the data they need to access and evaluate these portfolios, enabling really educated financial decisions.“
To conclude, presently, innovation is pushing DeFi forward—widening the gap for traditional inventors. However, ETPs allow retail investors to diversify their portfolios with tokens like WBTC, WETH, wDGLD, USDC, EURS, and NZDS—this is to hedge against fiat currency inflation while also gaining high potential crypto exposure.