The Lido Ecosystem Foundation rolles its new GG vault (GGV).
The GG Vault, now available through the new profit tab, will automatically deposit user deposits in a basket of trusted defi protocol, which helps investors earn yield without having to manage multiple positions themselves
During the launch, users can deposit ETH, Weth, Steth, and Wsteth, with GGV automatically allocates funds throughout defi protocols such as Uniswap, Aave, Euler, Balancer, Gearbox, Fluid, and Morpho. The goal is to simplify what is traditionally a process of many steps, which carries many yield techniques under a roof.
“People want access to higher revocation techniques without juggling many areas,” said Jakov Buratović, the Defi master at the Lido Ecosystem Foundation, in a press release shared with CoinDesk. “The GGV earns answers that are required by making different techniques available in a click, while the DVV provides a straightforward path to supporting the difference and stability of the validator. Along with, they show how the Lido is emerging in the same harvest opportunities and decentralization.”
Next to GGV, Lido also launched Decentralized Validator Vault (DVV)aimed at spreading the Ethereum validation process to more participants. When users deposit the DVV, their funds are turned into different validator networks, which helps improve the security and difference of the system. At the top of regular staking rewards, users can also earn excess tokens from participating validator networks
The new Earn Tab combines these offerings, providing a single hub for Lido’s products.
Read more: Lido recommends a bold management model to give steth holders to tell the protocol decisions
