Kyros Ventures, the rising incubator of cryptocurrency and decentralized finance (DeFi) projects, has completed its investment into APYSwap, a new protocol for the efficient and easy yield farming and liquidity provision for digital assets between multiple blockchains.
APYSwap is a protocol for the decentralized multi-chain exchange of shares of its Tokenized Vaults. The project implements a delegation function for user assets and provides a marketplace for financial assets trading. APYSwap allows users on multiple blockchains (initially Ethereum, Polkadot and Binance Smart Chain) to create and control their native blockchain vaults and transfer the ownership to third parties. By supporting multiple DeFi protocols, it offers a simple and effective user experience for selecting asset management options.
APYSwap consists of three layers: APYSwap Vault Contracts – the protocol and smart contracts, APYSwap Marketplace – the layer 2 aggregation marketplace, and APY Mask – a Metamask-style web wallet for end users.
To fuel its system, the project utilizes a native currency called the APYSwap token (APYS), which also serves as a governance token and can be used for trading fee reduction and pool insurance.
Staying true to our mission of supporting new and innovative solutions in the DeFi space, Kyros Ventures has entered into a partnership with APYSwap after seeing the project’s vision and potential impacts to the crypto ecosystem. In addition to financial assistance, APYSwap can take advantage of Kyros’s resources, insights and connections in various crypto communities around the world to further the development of its platform to better suit the needs of the market.
Jenny Nguyen, COO of Kyros Ventures, commented on the partnership:
“Via its new approach to yield farming and asset management between multiple blockchains, including Ethereum, Polkadot and Binance Smart Chain, we see that APYSwap has realized what the market is currently looking for and built up its own solutions. We have no doubt that with our support, APYSwap will be able to successfully deploy their products and quickly form a user base of crypto participants from all over the world.”
About Kyros Ventures
Kyros Ventures is the investment branch of Coin68 Media, the leading cryptocurrency entity in Vietnam. Specializing in incubation and investment, Kyros Ventures is the gateway for international cryptocurrency projects to enter the Vietnamese market, helping them to achieve greater awareness and adoption thanks to its extensive network of partners and communities.
For further information, please visit: https://kyros.ventures
APYSwap is a protocol for the decentralized exchange of shares of Tokenized Vaults. Through the creation of a Layer 2 blockchain, users can trustlessly swap accounts and assets from multiple Layer 1 blockchains, i.e. Ethereum, Polkadot and Binance Smart Chain. APYSwap simplifies yield farming and reduces its costs for users, without sacrificing decentralization or self-custody.
For further information, please visit: https://apyswap.com