The Lido Ecosystem Foundation has rolled out its new GG Vault (GGV), a streamlined solution that is designed to give crypto users rapid and easy access to diversified, high-interest defations.
GG Vault, which is now available via the New Earn tab, will automatically implement user deposits in a basket with trusted Defi protocols, so that investors can earn the yield without managing multiple positions themselves
With the launch, users can pour ETH, Weth, Steth and Wsteth, where GGV automatically assigns funds to Defi protocols such as Uniswap, Aave, Euler, Balancer, Gearbox, Liquid and Morpho. The goal is to simplify what traditionally a multi-step process has been, so that several yield strategies are brought under one roof.
“People want access to strategies with a higher hardening without juggling with multiple locations,” said Jakov Buratović, the master of Defi at the Lido Ecosystem Foundation, in a press release shared with Coindesk. “GGV in earning answers that are question by making diversified strategies available in one click, while DVV offers a simple path to support the diversity of the validator and robustness. Together they show how Lido evolves access to both yields and decentralization.”
In addition to GGV, Lido also launched the decentralized Validator Vault (DVV), which aims to spread the validation process of Ethereum over more participants. When users deposit in DVV, their funds are led to different validator networks, improving the security and diversity of the system. In addition to regular rewards, users can also earn extra tokens from the participating validator networks
The new Earn tab magazine consolidates these offers and offers a uniform hub for Lido products.
Read more: Lido proposes a daring management model to give Steth holders a say in protocol decisions
