Blockscape, a well-known validator, and member of the Cosmos and Ethereum community has announced that it has invested a portion of its treasury into the Real Yield USD strategy on Sommelier Finance.
Sommelier is an asset management protocol built on the Cosmos SDK that enables dynamic, intelligent DeFi vaults on Ethereum. The vaults can do portfolio optimization, trade long-short, borrow-lend, or even farm. Additionally, Sommelier’s architecture allows independent strategists to leverage the power of off-chain computation by bringing algorithmically optimized strategies on-chain, dynamically adapting to market conditions, and providing enhanced opportunities and risk mitigation to vault users. All vaults are enabled by audited smart contracts and controlled by protocol governance.
Real Yield USD strategy…
is an automated DeFi strategy maximizing USDC, USDT, and DAI yields across Aave, Compound, and Uniswap V3 protocols by utilizing Sommeliers architecture.
The strategy has seen rapid growth in the past month and a half, with total asset value crossing $15M in recent days. The strategy has attracted a wide range of interest from small depositors to institutional investors.
Reasons for Our Allocation to Real Yield USD
The allocation was based on the impressive performance of the strategy, which we view as a strong hedge against inflation, as well as the thorough audits and backtesting it underwent before going live. The incentives from the Sommelier community pool also made the decision even more compelling.
For Blockscape, investing in Real Yield USD is also a matter of alignment with Sommelier. As a member of the community and a validator of Block 1 with a strong interest in the platform’s success, our deposit further cements our alignment with their ecosystem. The deposit also directly supports us and other validators of the Sommelier because of their unique approach of routing a portion of strategy fees to stakers. In other words, we will be effectively accessing Real Yield USD with reduced fees because we validate on Sommelier.
Blockscape has been validating on the Cosmos Hub since September 2019, and has since expanded its services to 22 leading blockchains across the Cosmos and Ethereum ecosystems. With a distributed data center model and 99.99% uptime, Blockscape is a highly reliable service provider that operates on carbon-neutral infrastructure.
You can find our Sommelier validator here:
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