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DeFi Just Got a Whole Lot More Ridiculous: Introducing Velvet Capital’s ‘Streamlined’ Portfolio Management System – Because You Clearly Needed More Things to Worry About

BlockchainCrypto NewsDeFi Doug Martinez October 4, 2024

A chaotic DeFi landscape is depicted as a sprawling city with multiple skyscrapers representing different chains and protocols. A lone figure stands in the center, overwhelmed by the complexity of navigating these various platforms. In contrast, Velvet Capital's streamlined portfolio management system is shown as a sleek, modern building that brings everything together under one roof.

Just when I thought DeFi was a lost cause, along comes Velvet Capital with its ‘streamlined’ portfolio management system that’s supposed to make trading easier. Because what we all really need is more complexity and jargon in our lives. Intent-based execution? Vaults for managing assets? It sounds like they’re trying to create some sort of bureaucratic nightmare on the blockchain. And let me guess, it’ll be available on multiple chains because why not? We can’t have too many options when you’re already drowning in a sea of DeFi protocols and tokens. I’m sure the users will love navigating this ‘unified system’ that’s supposed to make their lives easier. Meanwhile, Velvet Capital is busy rolling out trading competitions and liquidity mining programs to attract more suckers…I mean, traders. Because what every platform needs is another way for people to lose money on high fees and bad trades.

Source: cointelegraph

Streamlining DeFi: How traders can simplify portfolio management
https://cointelegraph.com/news/streamlining-defi-how-traders-can-simplify-portfolio-management
Velvet Capital launched on Base to streamline DeFi portfolio management and social trading. Through the platform’s intent-based execution, users can trade any token or farm DeFi protocols, making onchain portfolio management simple. The progression of decentralized finance (DeFi) offers exciting new ways to trade and earn yields. However, as the ecosystem grows, so does the challenge of managing investments across more than 300 chains and 3,000 DeFi protocols. Whether for […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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