Spool
The Spool Protocol serves as DeFi middleware and aggregator. It allows users to participate in a subset of yield generating protocols in a risk diversified and algorithmically efficient fashion. The protocol allocates users' investments according to their preferences of strategy and risk, and rebalances them according to changing risk and yield data. Spool is controlled by its DAO via off-chain, Snapshot voting, and executes that on-chain through a treasury multisig Safe. Its 1.0 version, PreSpool, is also presented here for its Snapshot decisions.
Integrations
Migration from Spool V1 to V2 in progress
Thu 11th Jan 2024
Migration from Spool V1 to V2 is still ongoing, with smart vault creation and deposits disabled in Spool V1. Users are encouraged to transition to Spool V2 by withdrawing stakes and depositing funds.
Spool V2 emission cycle started with APY boost for smart vaults
Thu 21st Dec 2023
The second emission cycle of Spool V2 has started, providing an APY boost to smart vaults based on voSPOOL voting. The winning vaults are $DAI smart vault and $srETH by @StakingRewards. Voting for the desired vault is open until next Monday.
Head of Business Development to speak at Deep Sea Spaces on Risk Management in DeFi
Mon 18th Dec 2023
Pri, the Head of Business Development, will be speaking at the Deep Sea Spaces event hosted by @sirenprotocol. The conversation will focus on Risk Management in DeFi.
Spool DAO Deploys 2 Weeks of LP Incentives with Camelot Dex
Mon 18th Dec 2023
The Spool DAO has announced the deployment of another 2 weeks of LP incentives with Camelot Dex. Liquidity Providers can now earn $xGRAIL, $SPOOL, and $ARB tokens. New liquidity miners are advised to stake their liquidity in the Nitro Pool.
Ledger situation improving with patch release
Mon 18th Dec 2023
A patch has been released to address the Ledger situation. Users are advised to remain cautious while using the Ledger Connect Kit for the next 24 hours. This issue is unrelated to Spool and all funds in their Smart Vaults are safe. Users connecting to Spool with their Ledger are recommended to avoid using the Ledger Connect Kit or Metamask when interacting with any dApp within the next 24 hours.
Urgent: Security breach at Ledger dApps
Mon 18th Dec 2023
A security breach at Ledger dApps has occurred, resulting in malicious code being injected into Web3 frontends. Users are advised to exercise caution or avoid any interaction with web3. A patch is expected to be released, but vigilance is necessary.
Empowering retail investors through user-friendly platform
Mon 11th Dec 2023
Spool's core mission is to empower retail investors by providing them with a user-friendly platform, simplified onboarding, and transparent smart contracts. Join Jacopo from the marketing team in the latest webinar for more information.
First emission cycle of Spool V2 has started!
Thu 7th Dec 2023
The first emission cycle of Spool V2 has started, with APY boost for smart vaults based on voSPOOL voting. The winners of V2 are My Little Spooly Yield Is Magic and DAI smart vault.
Spool introduces Bug Bounty Programme for security
Thu 7th Dec 2023
To ensure the utmost safety, Spool has passed audits and testing and now offers a Bug Bounty Programme. Users can earn up to 1.5 million USD by identifying vulnerabilities.
Smart Vault Creation and Deposits Disabled in Spool V1
Thu 7th Dec 2023
Users are advised to migrate to Spool V2 by unstaking and depositing into
