Ethos Reveals New DeFi Vault
designed to protect users against future meltdowns such as FTX, Celsius and Voyager
Over 120,000 crypto enthusiasts have joined the Ethos Waitlist
Release Date: February 1, 2023
(British Virgin Islands)– Ethos announced the new name of its upcoming major Defi app: Ethos Defi Vault. The name Ethos Defi Vault was chosen after several extended focus groups and surveys with the Ethos Product Council, a core group of Ethos volunteers and crypto enthusiasts.
“We are pleased to bring a new category of crypto app to market that will firmly put the power and control back where it belongs – into the individual user’s hands,” commented Ethos co-CEO Adam Lavine. “The initial response to this application has been extremely positive, with over 120,000 people on our waitlist.”
Ethos Defi Vault is an app that puts extremely powerful cryptography and self-custody technology into user’s hands, along with a robust decentralized trading and best execution engine. The name was selected for this app as it hit all of the major core points Ethos is striving for with its new application:
Defi: Creating a decentralized way for people to interact with crypto, avoiding the centralized risk of the 2022 meltdowns such as Voyager, Celsius, FTX and Genesis Lending.
Trading: The app is designed for users to trade in a safe and convenient manner and see live market data and get best execution pricing across dozens of defi exchanges.
Vault: The app uses breakthrough next-generation MPC technology to provide an easy and secure way to create, backup and restore private crypto keys.
The Ethos Defi Vault is designed to promote self-custody, self-sovereignty, ethics and integrity in the crypto industry.
For more information and to see screenshots please visit www.ethos.io/platform
Ethos is a blockchain software company that enables users to connect to the best of Decentralized Finance across Trading, Yield, NFTs, and Tokenized assets. Ethos is bringing crypto back to its roots of self-custody and self-control, and away from centralized control of digital assets.
The Ethos team is led by Shingo and Adam Lavine, a father-son entrepreneur team with deep knowledge in crypto, including industrial-grade crypto infrastructure for public entities.
In response to the recent meltdowns on centralized crypto exchanges such as FTX, Voyager and Celsius, the Ethos team designed an enterprise-grade self-custody Vault. The Vault holds “Magic Keys” – private crypto keys that are easy to set-up, use, backup and restore. In addition, the Ethos experience provides an easy, visually compelling interface that enables users to access otherwise complex third-party Defi protocols and transact directly on the blockchain without any middlemen.
The user never loses control of their own assets and is solely in control of his/her own investment decisions and risk management, two core principals that have been lost in the recent trend towards crypto centralization.
Join our waitlist to be the first to know when our app releases!