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SCB 10X invests in new cross-chain DeFi aggregator platform Ape Board » CryptoNinjas

by BNP
July 15, 2021
in Crypto News
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SCB 10X, the enterprise arm of Thailand’s oldest financial institution, has introduced an funding within the decentralized finance (DeFi) sector through crypto-asset aggregator and portfolio dashboard, Ape Board.

Ape Board supplies a holistic view of customers’ DeFi portfolios with actionable insights; enabling customers to simply hyperlink investments throughout a wide range of DeFi protocols on a single dashboard.

The dashboard now helps greater than 79 protocols throughout 5 chains, together with Solana, Binance Sensible Chain, Ethereum, Terra, and Polygon. Quickly Arbitrum can be built-in, with extra initiatives on the way in which.

The platform has already secured greater than 350,000 customers on the beta model.

Ape Board Will get Backing From SCB 10X

“SCB 10X is worked up to announce our funding in Ape Board; which now has greater than 350,000 customers, inside 4 months of inception. Ape Board will allow customers to trace all their cross-chain property; and handle portfolios in a single place with options like monitoring impermanent loss.”
– Mukaya (Tai) Panich, Chief Enterprise and Funding Officer of SCB 10X

Greater than 1 / 4 of 1,000,000 customers are already using Ape Board right now. Options are upgraded repeatedly pushed by group suggestions and initiatives. Customers may also be capable of see clear choices for hedging, enabling fast execution of commerce methods that assist handle threat and loss.

“We wished to create a dashboard that makes it simpler for DeFi customers to see their balances, calculate yield projections, in addition to handle threat & impermanent loss. We’re thrilled that SCB 10X is supporting this venture to make simplifying yield era a actuality.”
– Mike Phulsuksombati, CEO and Co-Founding father of Ape Board

The Ape Board venture has been constructed with a key concentrate on cellular customers; who make up 60% of the group members. The bottom Ape Board platform is free for customers, however these on the lookout for further yield-earning through staking plus portfolio evaluation and technique instruments can get hold of the premium model.



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