Thorstarter Launches its First IDO for Skyrim Finance on its 'Decentralized VC' Launchpad
Thorstarter (https://thorstarter.org/), the decentralized blockchain-based launchpad platform for cryptocurrency projects, funds and launches its first initial decentralized exchange offering (IDO) for Skyrim Finance, the first multichain decentralized marketplace that blends both leveraged and fixed-rate APY.
Skyrim Finance is introducing structured products to DeFi, applying the popular-as-of-late instruments to a market with investors eager to earn higher yield. Generally, within DeFi, there are two types of yield farming investors on the market at the moment-investors who want low risk with a fixed APY and those who are seeking high leverage for higher yields in leveraged APY. Skyrim Finance is looking to build a product that blends these two types of investor camps together, helping investors of different profiles have risk-adjusted return. The goal is to also build a robo-advisor that can devise the right kind of risk-adjusted return, customized for each investor. As part of Skyrim Finance's fundraising endeavours-including $2.1 million raised round in May-Thorstarter is launching an IDO for the company.
Thorstarter's launchpad offes users a dual opportunity to take part in democratized governance through (a) the ability to vote on projects launching and project dividends and (b) a retail token purchase that gives them the ability to buy into launching project's IDO.
Projects on Thorstarter will be afforded several critical resources for launch:
Thorstarter aims to create an entirely democratized financial network with the capabilities of a venture capital firm in a decentralized fashion. Simultaneously, the launchpad platform will expand on the existing THORChain ecosystem and offer an alternative avenue for cryptocurrency projects to lift off and attain the necessary liquidity, without being charged any commissions or entry fees to do so.
Thorstarter is expected to launch its next project BNPL in mid-September.
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