Velvet Capital is live on Base
Velvet Capital is Officially live on Base allowing you to trade your favorite tokens and seamlessly run DeFi strategies.
Today we are excited to announce our public launch on Base 🔵️️, following a successful private testing, two security audits, and a white hat competition.
At Velvet Capital, we help streamline onchain portfolio management & social trading with our Intent Operating System for DeFi.
You can check out the App here: https://dapp.velvet.capital/
With Velvet Capital anyone can manage their portfolio onchain & share it with friends & community to let them join you, fair & square! There are three main use-cases for Velvet:
1. Personal Vault: Create a personal vault and manage your own portfolio: trade any token (one-to-one and many-to-many) and don’t get front-run, use multiple DeFi protocols within your strategy to generate additional yield and seamlessly hop between them in a single click.
(ideal for crypto-native or crypto-curious users who want to be in control)
2. Private or Open Vault: Create a vault and bring your community to join your vault: either allow only whitelisted wallets to deposit or open it up to everyone. Your followers will get the same execution price as you and avoid getting front-run.
(ideal for public traders, private trading groups, investment DAOs, and KOLs/influencers who want to nurture their community & build track record)
3. Custom App: Spin off an app under your own web domain & branding to preserve direct client relationships. Instead of spending hundreds of thousands of dollars and months on development, you can use our out-of-the-box stack.
(ideal for crypto & fintech projects, hedge funds, and asset managers who want to launch DeFi products for their clients)
The secret sauce that makes Velvet Capital extremely flexible and versatile is its intent-based architecture:
On-chain smart contract infrastructure is based on the Safe standard (an industry-proven vaults battle-tested with $100b+ funds secured) & has multiple modules to enable whitelisting, policy management, access control & other parameters
DeFi execution engine, which pulls liquidity from multiple public pools, private market makers, solvers and other sources of liquidity to ensure the best execution price & uses private RPCs to protect from MEV
These two parts work in tandem to ensure a high level of sovereignty & security while enabling flexibility to access the newest tokens & latest protocols.
Why Base?
Base has been one of the fastest growing Layer 2 Blockchains on Ethereum and has become the sixth largest DeFi Ecosystem with $1.34B in TVL since launching in the summer of 2023.
There are also many growing DeFi protocols on Base that Velvet Capital is integrating with such as Aerodrome, Renzo, Rocket Pool, Beefy, Morpho Blue, Aave, Curve, and others to offer users yield on their assets through Staking, Lending, and Liquidity Pools.
What is Base doing to bring more people on-chain:
Fees on Base are quite cheap with users on Velvet able to create a vault for less than $0.30 most of the time and swap for only a cent or two.
The easy onboarding to Coinbase Wallet from Coinbase allows Base to onboard tens of millions of people easily this cycle in some of the largest financial markets.
The recently released Smart Wallet provides a much simpler experience for non-crypto natives to start interacting on-chain by taking out the complexity of seed phrases and transaction fees.
The incentive programs (such as Onchain Summer) allow protocols to gain incentives such as ETH and Gas Credits to help build out their communities and give back to the users for being Onchain with Base.
Given Velvet is integrated with the top DeFi protocols and allows you to trade any asset on Base, it is your simple gateway to seamless interaction with the Base Ecosystem.
New Look
The new app on Base features a new streamlined UI where you can trade alongside crypto natives, KOLs, and fund managers. There are many different types of vaults including single asset, DeFi pools, passive vaults, and active trading strategies.
On the Base App there is also a wide range of possibilities for strategies you can run given our intent-based trade execution module allows users to trade any altcoin on Base. Since Base is one of the hot new blockchains, that means you can trade many of the top new ones including $OM, $W, $AERO, $ZRO, and memecoins such as $BRETT, $TOSHI, $DEGEN, and $MOG.
What type of assets will you be trading on Velvet’s Base App?
Start Trading on Velvet today: https://dapp.velvet.capital/
Velvet Capital Base Incentives
On Base, we are currently running a trading competition where 3 vaults each week with over 100 USDC in deposits can earn USDC and point rewards based on returns!
1st Place: 100 USDC + 300 Points
2nd Place: 200 Points
3rd Place: 100 Points
We are also now rewarding trading volume (on top of the normal TVL, TVR, and TVM points) where for every $100 in trading volume, you will earn 2 Points. So the more you actively trade the more points you will earn!