It’s been a while since our last Maxos update. In December we closed a $350K angel round with contributions from fintech and DeFi experts. Thank you for your support! Now we are unveiling some product launches.
First, we’re bringing dollar assets to DeFi chains with Maxos DAO. Our goal is to place $10B at 10% yields. We’re working with blockchain partners to provide those yields. We’re currently committed to launching on Celo, Algorand, and Casper.
Second, we’re bringing liquid stakes to Algorand with Ally protocol. Staked ALGO is a $3B asset class that is currently yielding 9%. Our packaging will make Algorand DeFi more competitive by adding that yield to partner protocols, and our own dollar deposits.
We're raising money for Maxos DAO and Ally. We’re offering a SAFT to non-US, professional investors. Contact me on telegram at @zingle to learn more. Contact me on telegram at @zingle to learn more.
Crypto markets are down. The list of DeFi leaders will be very different two years from now. We’re betting on a growing role at the core of banking. We’re preparing dollar banking services like interest-earning savings accounts, cross-chain distribution, and uncollateralized lending. Our long-term goal is to distribute and insure $200B worth of assets.
Many thanks to Maxos LLC co-founders Sesha Pratap, Benjamin Robinot and Andy Sudbury, and to new Maxos DAO co-founders Lou Kerner and Ethan Protas. And, thanks to everyone that contributed to the angel round, answered questions, participated in our design sprints, and moved us to this point.
I look forward to your feedback. Please contact me as @zingle on telegram, or find us on the Maxos discord.