DeFi structured product Pods completed a US$5.6 million seed round of financing, with participation from IOSG, Tomahawk, Republic, Framework Ventures, 4RC and others. The funds raised will be used to create structured products for crypto assets.

Pods Yield is a series of open source smart contracts that run known investment strategies, receive deposits and process withdrawals through algorithms. Users can already deposit ETH and stETH into the stETHvv vault (short for stETH Volatility Vault) to run low-risk but complex strategies.