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Benzinga
Benzinga
Business
Adrian Zmudzinski

Did DeFi Just Get Its S&P Moment With This Decentralized Yield Diversification Fund?

decentralized finance

Thetanuts Finance has introduced decentralized "vaults" that diversify users' risk by spreading yield-earning assets around numerous decentralized finance (DeFi) protocols.

What happened: The newly-launched Thetanuts Stronghold Index Vault allows its users to stake their cryptocurrencies into DeFi Option Vaults which according to the company "performs a similar function to the S&P 500 in stock trading," according to a Tuesday statement shared with Benzinga.

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