Strategic Collaboration Strengthens PieDAO’s Path to Financial Independence for All, Expanding Access to Top Performing Large and Small Cap DeFi Projects Across Blockchains
PieDAO, the pioneering decentralized asset manager for tokenized portfolios governed by a network of financial experts, announced a strategic partnership with cross-chain synthetic asset protocol Linear Finance to create a synthetic token comprised of both its large cap and small cap DeFi index funds, DEFI+L and DEFI+S. The new token, $LDEFI, will give investors exposure to a wide variety of DeFi tokens without the need to hold the underlying assets. This mutually-beneficial collaboration combines PieDAO’s carefully researched index methodology with Linear Finance’s Linear.Exchange to list the upcoming synthetic token, amplifying portfolio diversification and bringing users’ favourite DeFi index cross chain.
$LDEFI is set to list on June 17, allowing token holders to collectively invest in blue chip DeFi tokens including LINK, MKR, AAVE, UNI, YFI, COMP, SNX, SUSHI and high-growth projects including UMA, REN, LRC, BAL, PNT and MLN. This community-curated mix exposes investors to a wide range of financial services including decentralized stablecoins, derivatives, price oracles and layer two scaling solutions.
The new synthetic token mirrors the price action of an existing PieDAO index, DEFI++ and is composed of 70 percent large cap and 30 percent small cap portfolios — an example of modularity and composability brought by decentralized finance.
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Users will be able to access the PieDAO managed portfolio on Binance Smart Chain and soon Polkadot, all while being able to trade in and out of portfolio positions at a low cost, without slippage and liquidity limitations due to Linear Finance’s protocol architecture.
“Synthetic assets have traditionally brought newfound flexibility to investors looking to make investments without holding the underlying asset. We take flexibility a step further with DeFi elements by tokenizing different kinds of assets, bringing the ability to invest in multiple asset classes on a single platform,” said Kevin Tai, Co-founder of Linear Finance. “We are aiming to eliminate traditional barriers to entry like time, money and expertise so users can start participating in DeFi without any fears or hesitations.”
The synthetic token will be composed, maintained, and managed by PieDAO’s growing decentralized community of DeFi pioneers, which includes core members of projects such as Synthetix, Compound, and MakerDAO. They will be responsible for curating the $LDEFI token, deploying strategies, and sharing monthly data sets ahead of regular “Pie” (digital asset portfolio) rebalancings.
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“DEFI++ is truly the most diversified and yield bearing index on the market, setting the industry standard for all forthcoming DeFi asset allocations. And now, with the development of the new synthetic $LDEFI token on Linear.Exchange, we’ve eliminated liquidity issues for users too,” said Alessio Delmonti, a Contributor at PieDAO. “The Linear Finance team champions PieDAO’s unique diversification methodology that stems from weeks of community research and discussion, and we’re thrilled to continue on our mission to bring automated wealth creation to all with a fantastic partner by our side.”
Most recently, PieDAO collaborated with NFTX to expand its diversified investment portfolios to include a new Ethereum gaming and metaverse index, $PLAY, that allows investors to get exposure to a tokenized basket of NFT index tokens. Moving forward, PieDAO will look to bring other synthetic versions of assets to Linear Finance’s asset protocol.
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