• Spool DAO announces the Fair Launch for Spool, December 13th at 17:00 UTC
• Fair Launch is available via the Platform on Balancer Liquidity Bootstrapping Pool NASDAQ:
• Two tokens will be used to create the event: DAI and SPOOL.

Spool DAO is a distributed autonomous group that includes over 40 top DeFi investment companies and founders. The Fair Launch will be held for Spool at 13:00 UTC. This middleware protocol allows the creation of customized, risk-managed, diversified DeFi portfolios, which can be tailored according to individual preferences.

Spool addresses a demand for simple and easy yield optimization. Spool is a unique solution for the ecosystem that allows users to combine farming with multiple DeFi strategies using a single deposit. The funds in these farms are dynamically rebalanced to optimize for yield & risk.

“I look forward to Spool helping me allocate funds automatically and cleverly, and using algorithms, instead of hard work, to increase profits and reduce risks,” said F2Pool’s Shixing ‘Discus Fish’ Mao.

Entry costs are lower by using transaction batching and a buffer system. Users can enjoy diverse DeFi portfolios with a comparable cost to one transaction.

“Spool’s middleware solution allows us to create custom strategies that can be integrated into DeFi applications via SDKs. As a fund that is actively ‘farming’ and holding a firm interest in DeFi, this is a toolset that we believe has been missing from the market and we look forward to deploying Spool to provide superior risk-mitigated outcomes for our fund strategies,” said Genesis Block Ventures’ Leslie Tam.

The middleware toolkit can also be used as a primitive or DeFi block. It can be combined and re-used to make better products for users, as well as to provide the foundation of a DeFi ecosystem.

“Ultimately, Spool is an innovative idea being delivered by a sophisticated team of builders. It represents a productive solution for a foundational problem in DeFi and offers a user-oriented product path guided by an excellent governance model,” said JRR Group’s Bowen Zhao

Fair Launch for Spool will be held on the Copper platform via a Balancer Liquidity bootstrapping pool (LBP). The pool will be comprised of two tokens with SPOOL:DAI. LBP will be at an initial pool weight SPOOL/DAI of 96:4; it will slowly decrease in SPOOL/DAI weight by 50:50 during the 3-day period. The price will drop, creating downward pressure. Spool will start at 2.44 DAI and distribute 5% of total SPOOL token supply. The LBP will then shift in a linear step-down to SPOOL/DAI weight 50:50 over the three-day period.

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