Streamlining DeFi: The Easing Impact of an Intentional Operating System on On-Chain Portfolio Management

Velvet Capital has undertaken a complete redesign of its app in order to simplify DeFi portfolio management and address the technical complexities that hinder user experience. The current DeFi space is plagued by technical jargon and a lack of user-friendly design, making it difficult for new users to engage with the industry and for experienced investors to navigate the vast ecosystem of over 17,000 protocols and applications. Velvet Capital aims to bridge this gap by offering an intuitive portfolio management app that is suitable for cross-chain transactions. Backed by Binance Labs, Velvet Capital eliminates market fragmentation by allowing users to switch between various protocols and manage their portfolios in one place. The newly redesigned app is fully mobile-compatible and offers an enhanced experience for both vault managers and casual users. It is optimized for mobile, enabling users to easily access decentralized applications (DApps) from their mobile devices. Additionally, the app provides improved visualization of price charts and data, making it easier for vault managers to manage their portfolios. Velvet Capital initially launched on the BNB Chain and has since expanded to Arbitrum, a layer-2 scaling protocol that enhances transaction speed and reduces costs. As a DeFi intent-based operating system, Velvet allows users to seamlessly launch and manage tokenized vaults or structured products, or find ones managed by others. The company plans to integrate with various Ethereum Virtual Machine (EVM)-supported chains in the future and add advanced trading techniques, such as derivatives and low-cap altcoins, to its app. To celebrate the design overhaul, Velvet Capital is hosting the “DeFi Summer 2.0” event, during which users on both BNB Chain and Arbitrum can earn three times the total value-locked (TVL) based points. There will also be special liquidity mining sessions where users can earn six times more points. This promotion aims to increase rewards for users who interact with the platform by creating vaults and managing assets. Velvet Capital believes that as time goes on, more people will want to move their assets on-chain and engage in activities such as staking, lending, borrowing, and trading. However, for this to happen, the DeFi ecosystem needs to become simpler to navigate, similar to a traditional brokerage account. By tackling the user experience challenges in the DeFi arena and making the platforms more accessible, the industry can attract a wider range of users, from casual investors to seasoned financial experts.