Velvet Capital, a company focused on decentralized finance (DeFi), is taking steps to simplify DeFi portfolio management and improve the user experience. The current state of the DeFi industry presents challenges for users, including technical jargon and a lack of user-friendly design. This hinders mass adoption and makes it difficult for new users to engage with the industry. To address these issues, Velvet Capital has redesigned its app to offer intuitive portfolio management that bridges the gap between DeFi’s potential and widespread adoption.
One of the main features of the Velvet app is on-chain portfolio management. Users can switch between different protocols and manage their portfolios in one place, eliminating market fragmentation. The app’s interface has been developed to cater to both novice DeFi users and experienced traders, providing a seamless experience for all. Additionally, the app is now fully mobile-compatible, allowing users to access decentralized applications (DApps) from their mobile devices. Vault managers can also benefit from improved visualization of price charts and data, enhancing their ability to manage their portfolios.
Velvet Capital initially launched on the BNB Chain and has since expanded to Arbitrum, a layer-2 scaling protocol that improves transaction speed and reduces costs. As a DeFi intent-based operating system, Velvet allows users to launch and manage their tokenized vaults or structured products, or find ones managed by others. The platform provides the infrastructure for setting up DeFi vaults, which are smart contracts that manage crypto assets and provide yield opportunities through staking, lending, and liquidity pools.
To celebrate the app’s redesign, Velvet Capital is hosting the “DeFi Summer 2.0” event from May 1 to June 30. During this period, users on both the BNB Chain and Arbitrum can earn three times the total value-locked (TVL) based points. Special liquidity mining sessions will also give users the opportunity to earn six times more points. These points will contribute to future rewards and utility within the Velvet ecosystem.
Looking ahead, Velvet Capital plans to integrate with various Ethereum Virtual Machine (EVM)-supported chains, although specific names have not been announced. The company also intends to add advanced trading techniques, such as derivatives, RWAs, low-cap altcoins, and token generation events (TGEs), to its app. Velvet Capital believes that as time goes on, more people will want to move their assets on-chain and engage in activities such as staking, lending, borrowing, and trading. To make this a reality, the DeFi ecosystem needs to become simpler to navigate, similar to a traditional brokerage account.
Improving the user experience in the DeFi industry is crucial for its evolution from a niche market to a mainstream financial solution. By simplifying interaction models and enhancing the accessibility of DeFi platforms, the industry can attract a broader range of users, from casual investors to seasoned financial experts. To learn more about Velvet Capital and its offerings, visit their website.