Interest Rate Swap Protocol Voltz Onboards Lido and Rocket - Aliens: AI Crypto News & Markets Updates
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Interest Rate Swap Protocol Voltz Onboards Lido and Rocket

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Blockworks

Fri, Jul 01, 2022

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Aave- and Compound-based stablecoin rates launched on Voltz earlier last month Traders can de-risk their portfolio by “locking in” a fixed interest rate With Ethereum’s anticipated transition from proof-of-work to proof-of-stake expected to occur in a few months, Voltz protocol is offering traders a new way to speculate returns with interest rate swaps (IRS).

“What interest rate swaps unlock at the most macro level is it provides an ability to transition from something that’s variable, to something that’s stable,” Simon Jones, CEO of Voltz, told Blockworks.

Voltz is an automated market maker (AMM) designed to simulate IRS on the blockchain, making it synthetic and adaptable to new pools and assets — this will likely allow for a wide range of financial products and trading strategies to be built on the protocol.

“If you believe a portion of rates trading will go through smart contract-based markets in the future, the long-term opportunity for Voltz is to displace all of the trading activity in interest rate swaps that takes place even in traditional finance.” Get the day’s top crypto news and insights delivered to your inbox every evening.

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