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Aera Launches Treasury Optimizing Vaults for DAOs Powered by Polygon

Tuesday, 01 November 2022 03:30 PM

The move is likely to see much of the $10.8 billion held by DAOs migrating to Polygon's newly founded blockchain developer platform

CAYMAN ISLANDS / ACCESSWIRE / November 1, 2022 / Aera, the world's first autonomous, treasury management protocol, today announces its treasury optimizing vaults for DAOs are operating exclusively on Polygon.

"We picked Polygon as the exclusive launch partner because of the clear scalability, security, and sustainability benefits," said Shaan Varia, Head of Product at ​​Gauntlet creator of Aera. "We believe the vaults and the independent rebalancing and treasury visibility tools that Aera offers to DAOs will transform capital efficiency."

Aera attempts to solve the problem of capital efficiency in decentralized markets, specifically when it comes to managing DAO treasuries. By providing an autonomous, treasury management protocol, Aera enables DAOs to delegate responsibility for treasury asset optimization to a decentralized network of participants incentivized to maximize DAO goals.

DAOs can start by depositing token reserves into Aera's individual, non-custodial vaults. So-called ‘vault guardians' submit suggested parameters for asset allocation within these vaults, staking their own capital and putting it at risk if their strategy underperforms. ‘Arbitrageurs' are responsible for trading with the vault to rebalance the asset levels to their target allocations. In this way, DAOs are able to incentivize asset managers to optimize their token reserves - avoiding the slow, internal governance decision-making that can lead to capital inefficiency.

Many of the biggest DAOs today exist on Ethereum, with Uniswap, BitDAO, ENS, and Gnosis managing treasuries in excess of $1 billion, according to data from DeepDAO. Even those outside the top 50 in treasury value control millions in assets, making Aera's solution extremely timely. The move is expected to see a large proportion of the $10.8 billion currently held by DAOs in assets native to other chains move over to Polygon.

For more information, please contact: [email protected]

About Aera

Aera is the world's first autonomous, data-driven treasury management protocol. It enables DAOs to increase capital efficiency, save on operating costs and minimize governance. The Aera protocol provides robust coverage that grows with markets while covering downside risk.

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About Polygon

Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon's scaling solutions have seen widespread adoption with unique user addresses exceeding 174.9M.

The network is home for some of the biggest Web3 projects such as Aave, Uniswap, OpenSea and well-known enterprises including Starbucks, Meta, Stripe and Adobe. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.

If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon's fast and secure txns for your dApp, get started here.

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SOURCE: Polygon

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