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Advanced Blockchain AG and its Portfolio Companies Stela Labs and nakamo.to Collaborate to Support ForceDAO

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DGAP-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Expansion
04.05.2021 / 12:50
The issuer is solely responsible for the content of this announcement.

We announce with great pleasure, that Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), in collaboration with its portfolio companies nakamo.to and Stela Labs, are supporting ForceDAO on its mission to bring structured finance and quantitative strategies to DeFi.

ForceDAO (https://www.forcedao.com/) is a quantitative hedge fund for decentralized finance (DeFi). Their DAO is composed of strategists, developers and researchers working to productize alpha across DeFi. Their short-term objectives are to launch Force V2 (in the aftermath of a recent exploit), in addition to deploying multiple financial market infrastructure products - that aim to make yield in DeFi sustainable.

Advanced Blockchain AG, through its portfolio companies, has contributed and will continue to contribute to their roadmap vision.
Below we layout some of the synergies with ForceDAO:
-  Provide regular security reviews for ForceDAO's upcoming products via Stela Labs.
-  Design collaborations for lending and oracle services via nakamo.to.
-  More recently, a shared security review with Trail of Bits, where ForceDAO's unreleased products were reviewed ahead of their V2 launch (index fund, lending and stablecoin).

The collaboration with ForceDAO is centered around contributions, where initiatives (including bug bounties and new product development) are and have been incentivized via Force rewards. nakamo.to and Stela Labs will be actively contributing through the DAO's "Force Prize" and "Bug Bounty Program".

Further information about Advanced Blockchain AG, Stela Labs, and nakamo.to can be found at their websites https://www.advancedblockchain.com/, https://www.stelalabs.com/, and https://www.nakamo.to/.


04.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Advanced Blockchain AG

Scharnhorststraße 24

10115 Berlin

Germany

Phone:

+4930403669510

Fax:

030403669511

E-mail:

info@advancedblockchain.com

Internet:

www.advancedblockchain.com

ISIN:

DE000A0M93V6

WKN:

A0M93V

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1192354


 

End of News

DGAP News Service

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