Lido Introduces GG Vault for Streamlined DeFi Yield Access
The new GG Vault simplifies access to DeFi yields, allowing users to deploy funds across various protocols seamlessly.
Key Details:
- Lido Ecosystem Foundation has launched its latest initiative, GG Vault (GGV), designed to offer crypto users simplified access to a variety of high-yield DeFi strategies.
- GG Vault automatically allocates user deposits to various trusted DeFi protocols, enabling investors to earn interest without needing to handle multiple accounts.
The GG Vault is now available under the newly created Earn tab, letting users deposit ETH, WETH, stETH, and wstETH. The GGV will distribute these funds across major DeFi services such as Uniswap, Aave, Euler, Balancer, Gearbox, Fluid, and Morpho, streamlining what has previously been a complex multi-step transaction process.
“People want access to higher-rewarding strategies without juggling multiple venues,” explained Jakov Buratović, the Master of DeFi at the Lido Foundation. “GGV in Earn responds to that demand by consolidating multiple yield strategies into one click, while DVV supports validator diversity and robustness. Together, they illustrate how Lido is enhancing access to yield opportunities and decentralization.”
In addition to GGV, Lido has also rolled out the Decentralised Validator Vault (DVV), aiming to distribute the validation process of Ethereum among various participants. Funds deposited in the DVV are allocated across different validator networks, enhancing security and diversity in the system. In addition to standard staking rewards, users can earn additional tokens from the participating validators.
The new Earn tab unifies these services, offering a single platform for Lido’s products.
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For further insights, check out Lido Proposes a Bold Governance Model to Give stETH Holders a Say in Protocol Decisions.
