According to Cointelegraph, the decentralized asset management platform Valio has been publicly launched. The new protocol allows users to entrust their funds to professional traders.
The application was initially released on Abitrum and Optimism. Valio previously launched a whitelist version on July 24, but the new public version launched on August 7 does not require prior approval from administrators.
All assets are held in smart contracts and cannot be removed by fund managers. In addition, the DeFi applications that managers can invest in are limited to a pre-determined list. At launch, Valio is integrated with GMX, a perpetual trading platform based on Arbitrum, and 0x, a decentralized trading protocol based on Optimism.