We are delighted to announce you the launch of Magnety on Starknet.
WTF is Magnety ?
Magnety is an on-chain asset management protocol that allows anyone, such as investment groups, DAOs, or individuals, to get the most out of DeFi through an easy-to-use platform. Magnety acts as a protocol aggregator to make your DeFi experience unmatched. The protocol will help you create a highly customizable vault based on the investment strategy of your choice.
Why Magnety ?
The emerging DeFi industry is one of the most innovative fields of our century. With more than 200 billion TVLs across the many existing protocols, the new DeFi landscape has offered tremendous freedom, flexibility and power to general users.
Nevertheless, creating an optimized DeFi strategy can be very complicated, especially if you don’t have the time to devote to it. Today, DeFi offers a wide range of investment solutions, assets are synthesized, wrapped, and spread across multiple channels and protocols. Should I use AAVE, Compound or Maker to lend/borrow? Which exchange is better, Uniswap, ParaSwap or Curve? Where should I place my assets? Are these protocols all safe?
Magnety allows experts to build and scale fully customizable vaults based on the investment strategies of their choice. These can be programmed automatically or managed manually by its creator. Investors do not need to trust the manager as the funds cannot be used outside of the Defi protocols that have been integrated on Magnety. We will give you access to a wide range of protocols such as synthetic assets and derivatives, yield farming, lending and borrowing, DEX, AMM pools, programmable risk management and bots.
Why Starknet ?
We believe that ZK-Rollups is the future of Ethereum and Starknet is the most relevant one, it brings massive scalability while preserving L1 security, decentralization and permissionless interactions. In addition, it allows interoperability between L2 and L1, which provides many opportunities for L2 protocols. Thus, Starknet will attract a large number of users to the chain and finally on DeFi protocols.
Starknet offers low fees, which allows vault managers to perform many transactions at low cost. It will attract new players to Magnety such as short-term speculators like scalpers, daytraders, traders using bots.
Magnety cannot be effective without a strong DeFi ecosystem on Starknet. Fortunately, innovative DeFi protocols are being built and giants are coming like AAVE or MakerDAO.
What’s next ?
- Roadmap V1
- Whitepaper V1
- Website V1
- Discord
We hope to see you soon on Magnety, stay tuned with the project evolution on our Twitter. 👉 https://twitter.com/magnetyfi
Any questions or suggestions ? Our Discord will be live in a hurry.
If you want to help us building the next generation of on chain asset management, feel free to send a mail. We are currently looking for a Cairo developer to work with the CTO, a community manager and a relation & partnership manager. 👉 magnety.finance@gmail.com
