Decentralized asset management platform Valio has launched publicly, according to an announcement from the platform’s team. The new protocol allows users to have their funds managed by professional traders but without having to trust these traders as custodians.
The app’s launch is initially taking place on the Abitrum and Optimism networks. Valio previously launched in a whitelisted version on July 24, but the new public version unveiled on Aug. 7 does not require managers to be approved in advance.
In a conversation with Cointelegraph, Valio founder Karlis gave more details on how the app works. Investors can browse lists of money managers and view their stats through an “explore” page. If an investor decides to back a particular money manager, they can deposit assets to participate in that money manager’s fund.
All assets are held in smart contracts and cannot be removed by the money manager. In addition, the DeFi applications that a manager can invest in are limited to a predetermined list. At launch, Valio is integrated with perpetuals trading platform GMX on Arbitrum and decentralized exchange protocol 0x on Optimism.
According to the protocol’s founder, it also uses a system called “cumulative…
