Decentralized finance (DeFi), is a blockchain-based form of finance that replaces the need for traditional financial intermediaries such as brokerages, exchanges or banks with smart contracts on blockchains, the most common being Ethereum.
Cobo’s DaaS, or DeFi-as-a-Service is a set of tools/software that empower teams or institutions to interact with DeFi protocols, catering to their unique role-based access control requirements and workflow needs.
Institutional DeFi Problems, Cobo’s DaaS Solution
Institutions cannot simply rely on solutions for the retail investors. They need safe, compliant and efficient solutions that fit into their legacy systems and workflows, allow for multiple layers of access controls, have the ability to customize limit controls on each user and solve their core access control, workflow, team collaboration, risk mitigation and scaling needs.