Palo Alto, CA, Oct. 28, 2022 (GLOBE NEWSWIRE) — DeFiHelper, an advanced yield farming and trading platform aiming to make decentralized finance more accessible and secure for ordinary users, has announced an open strategic funding round. The project is looking for new partners and investors with Web3 focused portfolios.
DeFiHelper is a platform that would turn decentralized asset portfolio management into a premium experience by providing a set of solutions currently missing from the Web3 ecosystem.
The platform focuses on two modes: decentralized trading of assets and investing in liquidity pools. The features aim to make DeFi easier and safer, and boost users’ APY (Annual Percentage Yield). “Survive crypto winter at a profit” is DeFiHelper’s current value proposition, and it’s totally on point.
For example, DeFiHelper increases stop-loss with “Trailing”. In case an asset price goes up 10x that when the original order was set, the stop loss is also automatically updated so that if it goes down, the user would exit their position with maximized profits.
DeFiHelper goes further and adds stop losses to liquidity pool investments (a mechanism used by DEXes to crowdsource liquidity in exchange for a cut in trading fees and interest for the pool investors). The service constantly monitors the pools in which the user has invested. In case the user’s liquidity score exceeds a set threshold, the algorithm will automatically remove and sell LP tokens and send stablecoins back to the user’s wallet, protecting their investment.
Another big feature in DeFiHelper’s shortlist is Flashbot protection. The total value extracted by the Flashbot attacks has tripled over the past two years, reaching over $600 million in mid-2022. Currently, even the most popular token swaps lack front running protection and DeFiHelper is in the process of fixing this by using private nodes instead of the mempool to process transactions.
Combined with other advanced features such as pool profiling (currently under development) and staking automation (interest earned is automatically rolled over to the current pool balance, providing compound interest), DeFiHelper is on track to offer a more user-friendly, low-risk trading and yield -Farming strategies for its users.
It is important to note that DeFiHelper works on already established and thriving DEXes and Swaps and extends their core functionality with the tools of its own development. Currently, the platform supports more than ten popular DeFi blockchains and fifty exchanges, and is attracting new users every day (over 5000 new wallets connected to the platform in the last six months).
“While the market is saturated with portfolio management tools and wannabe ecosystem wallets with clear, established market leaders, some crucial end-user issues go unnoticed. We have decided to focus on helping our users survive the crypto winter and bear market by not only providing the means to protect their assets but also the tools to look for profits,” says Vladislav Komissarov, CEO and Founder of DeFiHelper.
Funding secured in the previous round led by Big Brain Holdings, 6K Starter and Crypto OMG allowed the team to build and refine the core of their product. Now, DeFiHelper aims to put the platform on the path to mass adoption.
Web3 focused funds, products and strategic investors who share the vision of a better, safer and widely accessible DeFi are welcome!
Be the first to try the DeFi of the future hands-on with the DeFiHelper tester program. Fill out this form (https://defihelper.typeform.com/tradingtest) and get access to new and developing features first!
About DeFiHelper
DeFiHelper is the only solution in DeFi where all your investments are protected by Stop Losses and Take Profits.
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