Fyde Treasury Joins Chainlink BUILD to Help Boost the Adoption of Crypto Treasury Management Infrastructure
We’re excited to announce that Fyde Treasury Protocol is officially joining the Chainlink BUILD program. As part of BUILD, we aim to accelerate the growth of our ecosystem and the long-term adoption of decentralised endowments for crypto treasury management supported by increased access to Chainlink’s industry-leading oracle services, first-class technical support, and enhanced incentivized cryptoeconomic security. In exchange, we commit to providing network fees and other benefits to the Chainlink community and service providers, including stakers.
Fyde has been a believer in Chainlink since the inception of our project. Our participation in BUILD aims to enhance our ongoing integration with Chainlink, with added benefits of increased technical support in building and managing highly reliable and customised oracle solutions, as well as early access to beta launches of new Chainlink solutions and support from the Chainlink community.
We’re confident that the cross-ecosystem incentive alignment made possible by the Chainlink BUILD program will further the realisation of Fyde’s stated mission of becoming the golden standard in autonomous on-chain treasury management — ultimately helping crypto companies around the world unlock, upgrade, and fully utilise their treasuries.
Fyde Treasury Protocol: Upgrade Your Treasury
Fyde Treasury Protocol’s mission is to create diversified liquidity pools that can be accessed via a depositor’s native token, thereby allowing instant exposure to a whitelisted basket of tokens. The protocol enables proxy governance by providing founders and investors the ability to preserve governance rights on deposited assets. These features allow users an easy way to diversify idiosyncratic / concentration risk and optimise operating runway without exposing themselves to governance attacks and related risks.
Users will also be encouraged to trade the liquidity pool token, thereby providing another avenue of payment rails for founders, investors, DAOs, and protocol treasuries. In addition, ecosystem participants (arbitrageurs, MEV bots, etc.) will be incentivised to trade pool assets across decentralised and centralised exchanges, thereby increasing liquidity for the tokens within the pool. The combination of these items come together to effectively address the four pillars of crypto treasury management: diversification, asset liquidity, yield generation, and governance preservation.
Fyde’s founding team draws on a wealth of experience from traditional global financial institutions, Web3, and academia, with members coming from backgrounds such as JP Morgan Chief Investment Office, JP Morgan Investment Bank, and Deutsche Bank, as well as holding PhD backgrounds and research posts from prestigious institutions such as Stanford, UCLA, Cambridge, and NASA. In addition, the team is composed of experienced developers and engineers from established names like Synthetix, Wintermute, and Ocean Protocol. The unique blend of crypto-native developers and traditional finance experts positions Fyde to lead the charge in delivering transparent, efficient, and secure treasury management infrastructure for the crypto industry.
Why We Joined Chainlink BUILD
Fyde joined BUILD to support the development and management of our on-chain price oracles and to help accelerate the adoption of traditional finance treasury management solutions in a Web3 environment. Some benefits include the integrations of Chainlink Data Streams and CCIP, better collaboration with oracle and data experts, stronger alignment with the engaged and active Chainlink community, and better access to the many resources available in the Chainlink ecosystem.
As part of our commitment to the BUILD program, Fyde aims to make available economic incentives to service providers in the Chainlink ecosystem. This includes planning to allot 3% of Fyde’s future native token supply to reward Chainlink service providers, including Chainlink stakers, over time. These economic incentives enable Fyde to fully realise the benefits the Chainlink ecosystem has to offer.
“We are more than excited to collaborate with Chainlink, join the BUILD program and receive support in building and managing crypto treasury management infrastructure — a crucial component in our mission of providing transparent, unbiased data on-chain and in real-time. We’re thrilled to contribute our expertise and function as the one-stop, on-chain treasury management solution for the crypto industry.” — Andrey Stejko, CTO.
About Chainlink
Chainlink is the industry-standard Web3 services platform and has enabled trillions of dollars in transaction volume across DeFi, on-chain finance, gaming, NFTs, and other major industries. As the leading decentralised oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About Fyde Treasury Protocol
Fyde Treasury Protocol introduces a solution that addresses the four pillars of cryptocurrency treasury management: diversification, asset liquidity, yield generation, and governance. Users can deposit one of over a hundred whitelisted tokens into a diversified pool of assets whilst retaining governance rights over their deposited allocations. The tokens that comprise a range of sub-sectors composing the portfolio management strategy are deposited directly by users and swappers. The aim is to create a product easily accessible to all crypto users that systematically accumulate ETH, RWA, and stablecoins while providing growth exposure through ERC-20 token allocations.
Learn more about Fyde Treasury by visiting fyde.fi or reading our Medium at medium/FydeTreasury. To discuss a collaboration DM us on X/Twitter, @FydeTreasury, or apply for early access, Waitlist.
