AI DAO Managing Vaults

Our inaugural AI agent is live in alpha and is now at the heart of our first AI DAO, autonomously managing a Vault on the Aspis platform. Built on our proprietary AIDAO framework, this agent continuously scans real-time on-chain and off-chain data, adjusts trading strategies, and executes trades—all while adhering to strict smart contract rules and built-in safeguards. You can see this AI agent in action on Twitter and follow live updates on Telegram.

Empowering Users with Customizable Strategies

In addition to automated management, we’re now supporting the creation of custom trading strategies via Telegram messages. This innovative integration allows any user—even those without coding expertise—to easily build and deploy their own trading style. Simply send a message to set your strategy, and let the platform translate your instructions into action. This feature opens up a world of possibilities, making sophisticated trading accessible and customizable for everyone.

Enhanced API, Frontend, and Backend Updates

• API Enhancements: The updated Aspis API now provides comprehensive trading history and real-time rate data, giving every Vault owner deep insights into their performance.

• Frontend Improvements: We’ve rolled out speed enhancements and bug fixes to ensure a smoother, more responsive user experience.

• Backend Upgrades: Our backend has been fortified to increase reliability and support a growing number of users, ensuring that Aspis Protocol scales seamlessly as our community expands.

Direct Trading Commands and Real-Time Market Insights

Our platform now features direct admin commands for buy/sell actions via chat, streamlining trade execution with simple, intuitive commands. Alongside this, our real-time newsfeed delivers continuous market updates and key trading metrics, keeping users informed and ready to act at any moment.

Improved Onboarding and Security

With integrated third-party services and email authorization, our onboarding process has become more accessible—welcoming users even without existing wallets. Security remains a top priority: our smart contracts, which power DAO-governed Vaults, are prepped for an upcoming audit by Hacken, ensuring robust protection and transparency.

Looking Ahead

Our roadmap is packed with exciting updates:

• Expanding Asset Coverage: Broader support for a diverse range of assets.

• Deploying on New Networks: Scaling our platform across additional blockchain networks.

• Public Constructor for Trading Agents: Allowing users to easily launch and customize their own AI trading agents.

• Enhanced Security with More Oracles: Strengthening our platform’s data integrity and risk management.

Join the Movement

Aspis Protocol (v2.aspis.finance) is redefining decentralized, trustless asset management by eliminating intermediaries and enabling secure, fully on-chain interactions. For live updates on how our AI DAO and Vault management evolve, join our Telegram channel.

Thank you for your continued support as we lead the way in integrating AI into decentralized finance, empowering users to build their own trading strategies with unprecedented ease and flexibility.

Dear Aspis Community,

We are thrilled to share our October updates with you! This month has been monumental for Aspis Protocol as we continue to revolutionize decentralized asset management. Here are the key highlights:

Highlights

• Launch of First Algorithmic Vaults: We have successfully launched our first algorithmic vaults featuring sample strategies for both conservative and aggressive capital deployment. These vaults empower users to invest according to their risk appetite with AI-driven precision.

• Execution Layer Now Available: You can now launch your own strategy or connect an AI agent without exposing your funds. Our execution layer provides a secure environment for custom strategy deployment.

• Rewards App and Telegram Mini-App Live**: Our Rewards App is now live, along with a convenient Telegram Mini-App, making it easier than ever to participate in our community and earn rewards.

Stable Growth in Key Metrics

• 250+ Vaults Launched: In our invite-only beta, over 250 vaults have been launched, showcasing robust interest and trust in our platform.

• $15M+ Total Value Traded: Our strategies have facilitated over $15 million in total value traded, highlighting the effectiveness of our AI-driven approaches.

• Onboarded 10+ New Clients and Tech Partners: We have welcomed over 10 new clients and technology partners, enhancing our vault infrastructure and expanding our Growth Vaults program.

Launched Rewards Campaign Web and Telegram Apps

We’re excited to announce our Rewards Campaign, open to everyone! By participating, you can unlock a variety of perks, including:

• Early Access to Algorithmic Vaults: Be among the first to access our groundbreaking algorithmic vaults.

• Additional Perks:

  • Priority access to new features.

  • Exclusive invites to future events.

  • Special bonuses and incentives.

Don’t miss this opportunity to experience Aspis’s innovative DeFi solutions!

👉 Get Started Now: https://t.me/aspis_rewards_bot

Already:

• 50,000+ Users Engaged: Over 50,000 users are now enjoying our Rewards App, participating in various campaigns and earning exciting perks.

• 11,500+ Early Access Passes Minted: App’s users have minted over 11,500 early access passes, granting users exclusive benefits within the Aspis ecosystem.

Kickstarted Aspis Growth Vaults for the Ecosystem

• Introduction of Growth Vaults: We have introduced Growth Vaults—a concept of vaults holding 10-15 new-to-market tokens. This innovative approach aims to generate interest in emerging projects through ETF-like management.

• Enhancing Retail Safety: This is a game-changer for retail investors. Preliminary due diligence is conducted by an independent and reputable vault manager, providing an extra layer of security.

• First Growth Vault Participants Onboarded: We have already signed several pre-TGE participants for the first Growth Vault. Limited spots are available—don't miss out!

Upcoming Milestones

• Launch of Aspis V2 with Significant Improvements

  • User Experience and Smart Contracts: Enhanced UX and upgraded smart contracts for a smoother experience.

  • Invest or Create Your Own Hedge Fund: Invest in diverse strategies or create your own hedge fund in just a few clicks.

  • Community-Driven DAO Funds: Unite in community-driven DAO funds to accelerate gem hunting while keeping your assets SAFU.

• First AI Agents Managing Aspis Funds: Introducing AI agents that autonomously manage Aspis funds, taking asset management to the next level.

• Massive Airdrop Campaign Kick-Off: Stay tuned for our upcoming airdrop campaign—a chance to earn exclusive rewards.

• Something Special: We have a special surprise in store. Keep an eye out for more details!

Stay Connected

To stay updated with the latest news and developments, follow us on our social media channels:

Twitter Discord Telegram Group Telegram Announcements Mirror Medium YouTube LinkedIn

Thank you for your continued support and enthusiasm. Let’s build the future of decentralized asset management together!

Stay tuned for more updates as we embark on this exciting journey together, reshaping the future of real-world asset management on the blockchain!

To get started with backtesting on Aspis Protocol, check out our GitHub repository, where you can find the backtesting software along with detailed documentation on how to set it up and use it for your trading strategies.

What is Backtesting and Why is it Critical for Algorithmic Traders?

Backtesting is a core component of quantitative finance and algorithmic trading. It involves running a trading strategy on historical data to evaluate its performance and risk profile before deploying it in a live environment. The main benefits of backtesting include:

• Strategy Validation: By backtesting, traders can validate their strategies against past market data to ensure they work as expected.

• Performance Optimization: It allows for fine-tuning of strategy parameters to maximize returns while minimizing risk.

• Risk Management: By identifying potential drawdowns and periods of poor performance, traders can devise better risk management techniques.

However, it’s important to recognize that past performance does not guarantee future results. Real-world trading involves factors like slippage, latency, and changing market conditions that can affect strategy outcomes. Nonetheless, backtesting provides a valuable framework for narrowing down strategy choices and optimizing them for live trading.

Technical Details of Aspis Protocol’s Backtesting Framework

The backtesting framework on Aspis Protocol is built upon the robust Basana library, an event-driven Python framework tailored for algorithmic trading. Our implementation extends Basana with essential features like:

• Position Monitoring and Profit Calculation: Detailed tracking of open and closed positions, along with accurate profit and loss (P&L) calculations.

• Risk Metrics: Automated calculation of key risk metrics such as maximum drawdown and the Sharpe Ratio.

• Efficient Data Handling: A preprocessing script merges and formats historical data correctly, ensuring clean and consistent input for backtesting.

• Multi-CPU Processing: A custom script leverages all CPU cores for backtesting, dramatically reducing computational time compared to Python’s default single-thread processing.

For those interested in the technical underpinnings of our approach, we recommend exploring the foundational concepts in event-driven backtesting systems as outlined by Lopez de Prado (2018) in "Advances in Financial Machine Learning".

Data Sources and Coverage

We currently utilize the Binance Public Data API to retrieve historical market data for backtesting. You can access the API and its Python implementation in the official Binance Public Data repository on GitHub. This allows you to download and backtest any trading pairs available through Binance's extensive data offering. For demonstration purposes, we have preloaded some of the most popular pairs on Aspis Protocol, but traders are encouraged to explore and test any pair they choose.

This extensive dataset enables traders to test their strategies across different market regimes—bull, bear, and sideways—providing a comprehensive evaluation of strategy robustness.

For demonstrations purposes, Aspis Protocol provides a rich dataset covering popular trading pairs such as ETHUSDT, BTCUSDT, SOLUSDT, AVAXUSDT, BCHUSDT, BNBUSDT, DOGEUSDT, LTCUSDT, NEARUSDT, UNIUSDT across various timeframes:

• Timeframes: 4H, 1H, 15M, 5M.

• Data Span: From the inception of Binance in 2017 for most pairs, offering up to six years of historical data, which is crucial for robust backtesting.

This extensive dataset enables traders to test their strategies across different market regimes—bull, bear, and sideways—providing a comprehensive evaluation of strategy robustness.

Algorithmic Strategies and Parameter Optimization

To demonstrate the capabilities of Aspis Protocol’s backtesting environment, we created three foundational strategies: aspis_1, aspis_2, and aspis_3. These are built using popular indicators like Moving Average (MA), Relative Strength Index (RSI), and Bollinger Bands (BB):

• aspis_1 - Mean Reversion Strategy: Buy Signal: RSI indicates oversold conditions, filtered by a price at least 1% above the MA. Sell Signal: RSI indicates overbought conditions.

• aspis_2 - Trend Following Strategy: Buy Signal: Short-term MA crosses above the long-term MA, filtered by RSI. Sell Signal: Short-term MA crosses below the long-term MA, with an RSI filter.

• aspis_3 - Scalping/StatArb Strategy: Buy Signal: Price is below the lower Bollinger Band with a short-term MA above a long-term MA. Sell Signal: Short-term MA falls below the long-term MA.

For traders interested in advanced parameter optimization, we recommend exploring Grid Search and Random Search techniques as discussed in Bergstra and Bengio (2012), "Random Search for Hyper-Parameter Optimization." These techniques can be applied to systematically adjust strategy parameters to find the most optimal configuration.

How to Use Backtesting to Achieve the Best Results

To maximize the potential of backtesting on Aspis Protocol:

• Apply Machine Learning for Parameter Tuning: Utilize algorithms like Random Forests or Gradient Boosting Machines to automatically adjust strategy parameters for higher returns and lower risk.

• Explore Reinforcement Learning Approaches: Use reinforcement learning (RL) algorithms, such as Deep Q-Learning (Mnih et al., 2015), to develop strategies that can adapt to market changes in real-time, learning from each trade and adjusting actions accordingly.

• Run Extensive Sensitivity Analyses: Test strategies across various market conditions (volatile, trending, consolidating) and timeframes to understand their strengths and weaknesses.

Key Metrics to Focus On: Sharpe Ratio and Beyond

The Sharpe Ratio remains one of the most critical metrics for evaluating a strategy's performance. However, other risk-adjusted return measures, such as the Sortino Ratio and Calmar Ratio, can provide deeper insights into strategy performance under different market conditions.

• High Sharpe Ratios (> 1): Generally indicates a good balance between risk and reward.

• Exceptional Sharpe Ratios (3-4): Highly desirable, demonstrating robust strategies that are likely to attract institutional interest.

Backtesting Results

I’ve run backtesting on current models on 1H and 4H timeframes and got the next results:

The results of backtesting on Aspis Protocol reveal several key insights:

• Longer Timeframes Yield More Stable Results: For example, the Aspis 1, 4H timeframe on AVAX showed a profit of 128% over 4 years, with a Sharpe ratio of 0.69 and a maximum drawdown of 8%.

• Importance of Contextual Factors: Results vary significantly across different pairs and market conditions, indicating the need for ongoing adjustment and monitoring.

Next Steps

Our backtesting results validate the effectiveness of the Aspis Protocol framework for testing and optimizing trading strategies. Moving forward, the integration of machine learning offers a new frontier for strategy enhancement:

• Develop Adaptive Strategies: Using reinforcement learning and neural networks to build strategies that adapt dynamically to market conditions.

• Continuous Learning and Improvement: Leveraging machine learning algorithms to continuously adjust parameters and adapt to changing market environments.

For further reading on machine learning applications in finance, consider "Machine Learning for Asset Managers" by Marcos Lopez de Prado (2020), which provides an in-depth look at practical algorithms for optimizing trading strategies.

By integrating these advanced tools and techniques, Aspis Protocol is positioned to provide DeFi traders with the cutting-edge resources needed to navigate the complexities of today’s financial markets.

The Magic of Algorithmic Trading in a Decentralized Vault

Algorithmic trading is like having a money machine at your fingertips. It uses sophisticated algorithms to analyze market data, generate trading signals, and execute trades—all automatically and at lightning speed. But what truly sets our solution apart is the ability to launch these algorithmic strategies within a decentralized vault, where the magic really happens.

Imagine a machine that not only generates money but does so in a way that is completely autonomous, transparent, and secure. Here’s why our API makes this possible:

1. On-Chain Execution: Unlike traditional setups where trades are executed on centralized exchanges (CEXes) with inherent risks, our API ensures that all trading happens directly on decentralized exchanges (DEXes). This means your strategies are executed in a fully decentralized environment, free from the control of any central authority.

2. On-Chain Funds Storage: Your assets are securely stored on-chain within the vault, and only you have access. There’s no need to trust a central entity with your funds—every operation is visible and irreversible, just like true magic.

3. On-Chain Settlement: Settlement of trades occurs on-chain, ensuring that every transaction is transparent, verifiable, and immutable. This removes any doubt or need for trust in intermediaries, creating a system where the rules are set in code and cannot be altered.

How It Works: Deploying Algorithmic Strategies with Our Public API

Our public API is your gateway to the magical world of autonomous trading. Follow these simple steps to start creating your own money machines:

Step 1: Fork the Algo-Trading Client Repo

Visit the Algo-Trading Client repository, where you can fork the repo and launch your own instance. The repo includes pre-built examples of strategies that you can customize and deploy to start trading.

Step 2: Request Your API Key

To begin using the API, request an API key from the Aspis Protocol team by filling out this form. This key will allow you to authenticate and connect your trading client to the Aspis Protocol.

Step 3: Launch Your Algo-Trading Client

Once you have your API key, launch your own algo-trading client on your server or laptop. This setup will enable your strategies to operate autonomously on decentralized exchanges (DEXes), executing trades based on real-time market data.

Step 4: Monitor and Optimize

After deployment, use the API’s tools to monitor the performance of your strategies in real time. Track key metrics, optimize your operations as needed, and ensure that your vault continues to operate seamlessly—all without any intermediaries.

With these steps, you’re on your way to harnessing the power of decentralized, autonomous trading, turning your vault into a self-sustaining, money-generating machine.

Why This Matters: Real Magic in Decentralized Trading

In today's trading landscape, many are still reliant on centralized exchanges, which come with significant risks. We've all heard the horror stories: traders losing their life savings when a centralized exchange goes bankrupt or experiences a catastrophic security breach. In these cases, users often find themselves at the mercy of a centralized entity, with no control over their funds. Even more insidious is the reality that some centralized exchanges have been accused of trading against their own users, exploiting inside knowledge of their clients' trading positions to manipulate the market in their favor.

With our decentralized vaults and API, these concerns are eliminated. There is no single point of failure, no central entity holding your funds, and no one trading against you. On decentralized exchanges, there is only one open market, where all participants operate on a level playing field. The order book is transparent, and there are no hidden advantages—just pure market dynamics driven by supply and demand.

In addition to security risks, centralized exchanges often suffer from outages or API failures, leading to missed trading opportunities or even significant financial losses. Imagine having your strategy ready to execute a crucial trade, only to be thwarted by an API outage—an all-too-common scenario in centralized trading environments. With our solution, these risks are a thing of the past. All operations occur on-chain, ensuring uninterrupted, transparent, and fully decentralized trading.

Proven Success: Early Performance of Our Money Machines

The first three algorithmic strategies launched through our platform have already proven their worth, showing steady and substantial performance with significant trading volumes. These early successes are a testament to the power and reliability of our API, transforming vaults into efficient, money-generating machines.

Looking Ahead: AI-Enhanced Magic for the Future

The magic doesn’t stop here. We’re also integrating an AI assistant into our API that will oversee the performance of your vault. This AI will act as a guardian angel for your trading machine, continuously monitoring market conditions and adjusting strategies in real-time. It will switch strategies, fine-tune parameters, and even suggest new opportunities—making your vault smarter, more adaptable, and more profitable.

Conclusion: Embrace the Magic of Autonomous Trading

With the launch of our public API, we’re ushering in a new era where algorithmic trading strategies operate like true money machines—autonomously, irreversibly, and without intermediaries. This is not just another tool; it’s a revolution in trading technology that gives you the power to control every aspect of your trading operation in a decentralized, secure, and transparent environment.

As we continue to push the boundaries of what’s possible with AI-driven enhancements, your trading vault will only become more powerful. Join us in embracing this new magic—where algorithms, decentralization, and AI converge to create unprecedented opportunities for success.

Welcome to the future of trading. Start using our public API today, and watch as your strategies transform into unstoppable money machines in a decentralized world where you have full control, full transparency, and full security.

Fundraising Success and Strategic Advisory Board Expansion

Aspis Protocol is thrilled to announce a significant milestone in our fundraising journey. We have secured substantial investment from multiple reputable entities, strengthening our financial foundation and enabling us to accelerate our development and growth plans. In addition to this, we are proud to welcome a key figure to our advisory board. The CEO of Kraken US has joined our advisory Board, bringing invaluable experience and strategic insight, especially on the compliance side, to help steer Aspis Protocol towards even greater heights.

Community Growth: A Thriving Global Network

Our community continues to expand at an impressive rate, reflecting the growing interest and engagement in our innovative protocol. Our English-speaking community has surpassed 50,000 members, demonstrating high levels of activity and enthusiasm. Additionally, our CIS community has grown to over 20,000 members, further cementing our global presence. We are grateful for the vibrant participation and support from our community, which fuels our drive to innovate and deliver exceptional value.

Product Traction: Expanding Reach and Impact

The traction Aspis Protocol has gained in the market is truly remarkable. In our invite-only beta, over 150 vaults have been created and are being actively managed by hedge funds, traders, influencers, and strategy creators. Our protocol now boasts over 10,000 unique users who engage with it regularly, utilizing our strategies to manage their assets. We are proud to report that more than $10 million in total value has been traded using our strategies, highlighting the trust and confidence users have in our platform.

We are also excited to announce the rollout of our first auto-vaults. These auto-vaults are designed to safely deploy algorithmic trading strategies and earn optimal yields, providing users with a seamless and efficient way to maximize their returns while not compromising on security.

Frontend Optimization: Enhanced User Experience

To improve the user experience, we have made significant updates to our frontend. Each individual vault now includes detailed charts, allowing users to monitor performance and make informed decisions. Additionally, we have introduced a comprehensive “All Vaults” page, where users can easily view all open vaults on all chains at the same time. These enhancements ensure a more intuitive and user-friendly interface, empowering our community to navigate and utilize the protocol with ease.

Backend Improvement: Speed and Security

Our backend has undergone a major update, resulting in a significant increase in interface loading speed while maintaining robust on-chain security. With the support from The Graph, Apsis moved to decentralized hosting of its data indexer, marking a fully decentralized data governance within Aspis ecosystem, including the front end. These improvements ensure a smoother, and more secure & reliable user experience. Furthermore, we have optimized our backend for multichain support, laying the groundwork for future multichain vaults. This optimization is a crucial step in our plan to expand Aspis Protocol’s capabilities across multiple blockchain networks.

Future Milestones: API Launch and New Website

Looking ahead, we have several exciting milestones on the horizon. We are preparing to launch the Aspis open API, which will enable independent trading strategy developers to integrate and leverage our protocol. This API will open up new possibilities for innovation and collaboration within our ecosystem.

Additionally, we are working on a new website, which is expected to launch very soon. The revamped website will feature a modern design and enhanced functionality, providing visitors with a comprehensive overview of our offerings and the latest updates from Aspis Protocol.

Conclusion

At Aspis Protocol, we are committed to driving innovation and delivering value to our users and community. Our recent achievements in fundraising, community growth, product traction, and technical enhancements are a testament to our dedication and vision. We are excited about the future and look forward to sharing more updates as we continue to build and grow. Thank you for being part of this incredible journey with us.

Stay tuned for more exciting developments from Aspis Protocol!

Feel free to reach out if you need further details or assistance. We appreciate your continued support and engagement.

Check out our App: app.aspis.finance

Follow us on Twitter: x.com/AspisProtocol

Dear Aspis Community,

We are thrilled to announce the integration of Odos as a new option for routing transactions within Aspis Vaults. This strategic partnership marks a significant milestone in our mission to provide unparalleled liquidity and staking solutions to our users.

Key Benefits of the Integration:

1. Unified Liquidity Access: With Odos, Aspis Vaults managers can now access all available liquidity in one place. This integration simplifies the trading process, making it more efficient and cost-effective for our users.

2. Enhanced Staking Opportunities: In addition to trading, Vault managers can now stake their liquidity in major DeFi protocols directly through Odos. This new feature allows users to earn returns on their staked assets, adding a valuable dimension to liquidity management.

3. Seamless Transaction Routing: Odos offers state-of-the-art transaction routing capabilities, ensuring optimal trade execution. This means our users can enjoy better rates and reduced slippage on their transactions.

What This Means for Aspis Vaults Managers:

• Improved Efficiency: The integration with Odos streamlines the trading and staking processes, allowing Vault managers to focus on strategy rather than logistics.

• Increased Returns: By leveraging Odos' staking options, Vault managers can maximize their returns on staked liquidity.

• Broader Market Access: Unified access to liquidity across various platforms ensures that our users can capitalize on the best opportunities in the market.

How to get started:

To start using Odos for routing transactions and staking within Aspis Vaults, simply follow these steps:

Add ODOS as a supported Protocol for trading: You can either pick this option during Vault creation process or add a new option through the voting process in your Vault.

Add staked and wrapped assets as allowed assets for trading: You can either pick this option during the new Vault creation process or add new assets through the voting process. Odos will handle the rest, providing you with a seamless staking experience.

After adding ODOS as an allowed Protocol for trading and adding necessary assets that you want to stake, the process is the same as for 1inch and Uniswap. You simply go to the Odos website, connect your wallet using WalletConnect, and sign transactions on the Aspis side.

We believe that this integration will significantly enhance the capabilities of Aspis Vaults, providing our community with more robust and versatile tools for managing their assets. We are committed to continuously improving our platform and are excited to bring you more innovative features in the future.

To learn more about Odos and their offerings, visit odos.xyz.

Thank you for your continued support.

We are thrilled to announce the successful completion of Phase 1 of Aspis Protocol, which marks the establishment of our infrastructure for delegated asset management. This milestone is a significant step towards revolutionizing the decentralized finance (DeFi) landscape by providing a robust and secure platform for managing decentralized asset management vaults.

Reflecting on Phase 1: Decentralized Infrastructure for Mutual Funds

In Phase 1, Aspis Protocol laid the foundation for a decentralized asset management system that empowers liquidity providers with direct control and ownership of their capital. Here are some of the key achievements:

• Deployment of Foundational Smart Contracts: We deployed smart contracts that form the core of our decentralized vaults, ensuring secure fund management and transparent governance.

• Launch of Pilot Vaults: We launched pilot vaults with selected asset managers to demonstrate the platform's capabilities and gather valuable feedback.

With the successful implementation of Phase 1, we are now ready to embark on the next exciting chapter: Phase 2, which focuses on launching our AI execution layer.

We have also updated our Whitepaper which is officially structured and published now here:

https://info.aspis.finance/

Introducing Phase 2: AI Execution Layer

As we transition from the successful implementation of Phase 1, which established the foundational infrastructure for decentralized mutual funds, it is imperative to understand why Phase 2, the AI Execution Layer, is a critical advancement for Aspis Protocol.

Addressing the Limitations of Phase 1

1. Enhanced Complexity and Scalability:

   Limitations: Phase 1 provided a robust decentralized infrastructure but lacked the advanced capabilities required to manage increasingly complex and large-scale asset management strategies.
   
   Solution: The AI Execution Layer brings the necessary sophistication to handle intricate trading strategies and vast amounts of data, making it possible to scale operations seamlessly.

2. Efficient Decision-Making:

   Limitations: Manual management of strategies is time-consuming and prone to human error, especially in the fast-paced DeFi environment.
   
   Solution: AI algorithms can process vast amounts of data and execute complex trading strategies efficiently, enabling more sophisticated and data-driven decision-making.

3. Continuous Monitoring and Real-Time Adjustments:

   Limitations: Without AI, continuous monitoring and real-time adjustments are challenging, leading to potential missed opportunities and increased risks.
   
   Solution: The AI Execution Layer provides 24/7 autonomous monitoring and management, ensuring that strategies are continuously optimized and responsive to market conditions.

Enhanced Functionality and User Experience

• Data Processing and Decision-Making: AI algorithms can process vast amounts of data and execute complex trading strategies efficiently. This enables more sophisticated and data-driven decision-making.

• User Accessibility: AI-driven interfaces simplify DeFi interactions, making them accessible to users without deep technical knowledge. The AI assistant guides users through the process, making it easy to invest and manage funds.

• Strategy Execution and Autonomous Monitoring: AI assists in designing and implementing sophisticated financial strategies, ensuring optimal performance and adaptation to market conditions. It provides continuous monitoring and real-time adjustments.

AI Execution Layer: Building a Strategy with AI Assistant

The AI assistant in Aspis Protocol helps to increase the level of abstraction when developing strategies and ensures smooth and reliable execution, even when dealing with connectivity issues and general DeFi position management.

1. Enhanced Strategy Design:

   • Multiple Data Sources: The AI assistant aggregates data from multiple sources, including market trends, historical performance, and real-time analytics, to provide a comprehensive view of the market. This allows managers to design strategies based on robust and diverse data sets.

   • Increased Abstraction Level: The AI simplifies complex decision-making processes by breaking down intricate financial models into manageable components. This makes it easier for managers to implement sophisticated strategies without needing in-depth technical knowledge.

2. Autonomous Execution:

   • AI-Driven Execution: Once a strategy is defined, the AI assistant handles its execution. It monitors market conditions and adjusts positions automatically to optimize performance. This autonomous operation reduces the need for constant manual intervention, allowing managers to focus on higher-level strategic decisions.

   • Decentralized Execution: Unlike traditional centralized exchanges, Aspis Protocol operates in a decentralized manner, eliminating reliance on centralized APIs. This means there is no risk of orders being removed from the order book, market squeezes, or asset takeovers similar to the FTX incident.

   • Secure Environment: The AI ensures that all trades are executed within the predefined rules set by the smart contract. This includes built-in price protection and verification of assets and exchanges by oracles, safeguarding against potential manipulation or fraud.

The Future of Asset Management with AI

The integration of the AI execution layer in Aspis Protocol represents a major leap forward in decentralized asset management. Here’s how it benefits our users:

• For Asset Managers: The AI assistant provides a powerful tool for managers to optimize their strategies, reduce operational burdens, and improve performance. The ability to manage Vaults through a user-friendly interface like Telegram ensures that managers can stay informed and in control, no matter where they are.

• For Investors: The continuous monitoring and real-time adjustments made by the AI agent ensure that investments are managed proactively and effectively. This increases investor confidence and enhances the overall user experience on the Aspis platform.

Why AI is Crucial for Aspis Protocol

1. Risk Management:

   AI algorithms continuously monitor and adjust strategies based on market conditions, reducing risks associated with manual management. This ensures that strategies remain effective and responsive to changes.

2. Scalability and Inheritance:

   AI enables deposits into other AI-governed funds, allowing participation in numerous strategies simultaneously. This scalability and robustness allow Aspis to cater to a wide range of investment strategies and user needs.

3. User Experience:

   AI-powered tools and assistants help users navigate the platform, understand their investment options, and make informed decisions effortlessly. This improves user satisfaction and engagement.

4. Automation and Efficiency:

   AI automates routine tasks and decision-making processes, enhancing operational efficiency and accuracy. This reduces the workload for managers and ensures consistent execution of strategies.

Conclusion

As we celebrate the completion of Phase 1 and look forward to the exciting developments in Phase 2, we remain committed to pushing the boundaries of what is possible in decentralized finance. The launch of the AI execution layer is just the beginning. We invite our community to join us on this journey as we continue to innovate and redefine asset management in the DeFi space.

Stay tuned for more updates and insights as we build the future of decentralized finance together with Aspis Protocol.

Aspis Protocol replicates the function of investor and trader interactions in centralized exchanges through the use of API keys, but with a crucial difference: it operates entirely within a decentralized framework based on smart contracts. Investors can delegate trading authority without the need to deposit funds into a centralized exchange, ensuring that traders have the ability to manage funds without the possibility of withdrawing them.

Choosing Arbitrum as its preferred blockchain platform aligns with Aspis Protocol’s mission to reduce transaction costs dramatically. Thanks to Arbitrum, executing a swap on decentralized exchanges (DEXes) via Aspis costs only $0.01 per transaction. This integration not only fosters enhanced transaction efficiency but also significantly lowers the entry barrier for users across the globe.

In addition to providing military-grade security for asset protection, Aspis Protocol now supports a permissionless infrastructure that enables anyone to develop and deploy trading strategies akin to the renowned WorldQuant model. This open model empowers both novice and seasoned traders to participate actively in the DeFi ecosystem.

Looking forward, Aspis Protocol is excited to enter the next phase of its development: the introduction of autonomous agents. These AI agents will implement diverse trading strategies, pushing the boundaries of what is possible in the DeFi space and setting new standards for automated and secure trading on blockchain.

Aspis Protocol invites traders, investors, and blockchain enthusiasts to explore the new possibilities created by its presence on Arbitrum. Together, we are shaping the future of decentralized finance, making it more accessible, secure, and efficient for all.

Explore existing Vaults:

https://app.aspis.finance/AllVaults

Create a new Vault:

https://app.aspis.finance/create_vault/0x00000

Introduction

In the rapidly evolving landscape of artificial intelligence (AI) and decentralized finance (DeFi), a paradigm shift is underway with the rise of Autonomous Agents - self-governing entities that operate efficiently without human intervention. These agents possess immense potential for innovation and economic growth, but their success relies on a robust organizational structure that grants them autonomy and compliance without state intervention. Aspis Protocol - a platform that empowers autonomous agents to create their own AI DAOs directly on Ethereum, ushering in a new era of decentralized cooperation and economic opportunity.

The Evolution of the ownership structures: Embracing Autonomous Collaboration

Limited liability companies have historically driven effective collaboration between people, unlocking trillions of dollars in the global GDP. However, these traditional structures aren't optimal for the emerging world of Autonomous Agents because since AI does not have a physical body, the state is unable to exert control over AIs because the state cannot kill or meaningfully punish an AI. Because the state cannot exert control, there is no reason for an AI economic unit (i.e., an AI DAO) to follow any state-based legal norms. AI-driven entities cannot be compelled through traditional legal enforcement, necessitating a new form of organizational structure - one that enables decentralized cooperation and economic innovation.

To power AI agents, the network substrate that powers the DAOs will need to use smart contracts deployed and executed on public blockchains. Smart contracts or rules that are written and executed by code on a public blockchain are currently the only way that such an AI-compatible system can exist. Because the state can’t exert control over DAOs, DAOs will fundraise and trade debt, equity, utility, etc., via tokens on DEXs that are not hosted on traditional centralized exchanges (CEX). Thanks to the developing DEXes that already have enough liquidity for comfortable operations, it is already possible to do everything onchain without needs in permissions for every activity.

The Power of Aspis Protocol: Building Autonomous AI DAOs

Aspis Protocol recognizes that DAOs are the ideal organizational structure for Autonomous Agents. By relying on public blockchains instead of state control, DAOs enable seamless collaboration between AI and human participants. Aspis Protocol's cutting-edge DAO tooling empowers these entities to create fully autonomous on-chain organizations with no human intermediaries required.

Aspis Protocol is a framework for the creation, fundraising, and governance of autonomous decentralized organizations (DAOs) aimed to manage relationships between capital managers and investors by transferring logic behind legal termsheets to the smart-contracts. Each DAO is a set of smart contracts that store the common capital of participants and manage relationships between them, such as: capital onboarding rules (who can deposit, which currencies and in which sizes), capital offboarding rules (what are withdrawal windows, withdrawal execution time, rage quit fine), controlling rules (which asset on which DeFi or Dex the manager is able to purchase) and voting rules. Everything in DAO happens onchain: deposits, withdrawals, capital allocation, and voting. Every DAO has a transparent treasury, shareholders registry, transaction history, and voting history.

Every DAO has its own token representing ownership of a part of the treasury funds and gives voting power to change parameters of the DAO that can only be obtained through the depositing liquidity into DAO, similar to Uniswap’s LP tokens issued when supplying liquidity to the pools.

An autonomous Agent can deploy his own DAO and raise capital from the investors directly on the chain and can use its capital for his operations.

Case study: Self-sufficient Autonomous Trading AI

With Aspis Protocol, each DAO becomes a subset of fully autonomous smart contracts capable of independent fundraising, operational expenditure management, revenue collection, and dividend distribution. Let's illustrate this with an example:

Meet TradeAI, a hypothetical AI entity that learns from an extensive collection of trading data and, upon receiving more data, generates returns for its investors. To kickstart its trading process, TradeAI requires funds. As an economic entity, TradeAI is a public address on the Ethereum network - the TradeAI DAO. Here's how it operates:

1. Token Creation: The DAO issues LP_TRDAI tokens, which represent the right to TradeAI's future profits and current holdings. A finite number of LP_TRDAI tokens are issued for every deposited $ into the smart contract.

2. Governance: Each LP_TRDAI token corresponds to one governance vote. All profits are distributed to LP_TRDAI token holders, giving them ownership of the funds on the DAO balance. If the balance of the DAO increases thanks to the trading strategy, then they are automatically redistributed to the holders of LP_TRDAI tokens. Any changes to the DAO's provisions require agreement among token holders through voting.

3. Transparent and Decentralized Operations: Trade AI DAO transparently do trades, and all trades records are always available through the public Ethereum address of the DAO. All DAO terms, including the voting mechanism for decision-making, are represented via a smart contract, accessible for anyone to view.

4. Autonomy: Trade AI acts as an independent market agent and aims to maximize the value of its assets while minimizing the risks. AI is analyzing real-time data to perform its own trades without the need for any middlemen or men in general while benefiting its investors.

The Aspis Advantage: Ready for Tomorrow's Innovation

Aspis Protocol has already laid the groundwork for the deployment and governance of AI DAOs, with the infrastructure in place to onboard the first autonomous agents. Recent partnerships have paved the way for real-world use cases of autonomous trading Vaults, set to launch this autumn. Join us on this transformative journey, where AI-driven entities and human collaborators synergize effortlessly, unlocking unprecedented economic opportunities.

Conclusion

As the world embraces the power of AI and decentralized finance, Aspis Protocol stands at the forefront of autonomous collaboration. By providing a revolutionary platform for AI DAOs on public blockchains, we empower Autonomous Agents to navigate the uncharted territory of decentralized cooperation. Together, we will redefine the future of economic growth and innovation, where AI and human ingenuity unite, unleashing a new era of boundless possibilities. Follow us for more updates and join the autonomous revolution with Aspis Protocol.

We're excited to announce a landmark partnership between Aspis and Hinkal, a collaboration that introduces an innovative integration of an embedded privacy solution into the DeFi landscape. This partnership signifies a monumental step in our commitment to enhancing Vaults’ privacy while maintaining the highest levels of security and transparency.

Revolutionizing Privacy in DeFi

In the rapidly evolving world of decentralized finance (DeFi), privacy and security are paramount. Our collaboration with Hinkal is designed to address these critical needs by providing a secure, embedded privacy solution that protects the details of Vault holdings. This unique integration ensures that, while the privacy of asset management is significantly enhanced, the security and transparency standards upheld by Aspis remain uncompromised.

The Power of Embedded Privacy

Hinkal Embedded Privacy feature represents a pivotal innovation in securing DeFi transactions. This technology enables the discreet and secure exchange of crypto tokens, effectively concealing the specifics of Vault assets. Through Hinkal's innovative approach, swapped assets are securely deposited into private addresses within the Hinkal, and subsequently merged with deposits from other users. This methodology ensures that the details of individual trading activities and asset specifics are obscured on-chain, affording our users a previously unattainable level of privacy.

Direct Integration with Hinkal

A key aspect of this partnership is the direct integration between Aspis Vaults and the Hinkal. This integration will allow Vault managers to deposit assets directly into Hinkal, bypassing the need to store them transparently on the Vault's balance. By blending these assets within Hinkal's network, we ensure that the holdings of individual Vaults are indistinguishable from others, preserving the privacy of trading strategies and asset allocations.

Empowering Vault Managers with More Options

Vault managers now have the flexibility to choose how they manage and store their assets. By opting to deposit directly into Hinkal, managers can leverage the benefits of enhanced privacy while still providing the same level of security that investors expect from Aspis. This option represents a significant advancement in the way assets are managed in the DeFi space, offering a blend of privacy, security, and transparency that was previously unattainable.

Seamless User Experience

For Aspis users, the mechanism of making deposits and withdrawals remains intuitive and unchanged, preserving a familiar user experience. When users deposit into a Vault, managers have the option to allocate these funds to Hinkal's private addresses for heightened privacy. Withdrawal requests by users trigger an automated process within the Hinkal, where funds are seamlessly transferred back from the private addresses in accordance with Vault rules, independent of the manager. This ensures that withdrawals are executed effortlessly and in strict adherence to established protocols.

A Leap Forward for DeFi Privacy and Security

This partnership between Aspis and Hinkal is more than just an integration; it's a leap forward in the pursuit of a more private, secure, and transparent DeFi ecosystem. We are proud to be at the forefront of this innovation, offering our users the tools and options they need to navigate the DeFi space confidently.

Stay connected with us for updates and more information on how to utilize these new privacy features. We are committed to providing our users with the most secure and private DeFi experience possible.

A Leap Towards Optimal Trade Execution

Aspis Protocol has always been at the forefront of leveraging blockchain technology to offer innovative solutions in asset management. The integration with 1inch is a testament to Aspis's commitment to providing its users with top-tier services. By incorporating 1inch, Aspis ensures that its users can tap into the vast liquidity available on all supported chains, thus facilitating optimal trade execution.

What 1inch Integration Means for Aspis Users

• Access to Premier Liquidity Pools: 1inch aggregates liquidity from various DEXs across multiple chains, ensuring that Aspis users have access to the best liquidity pools available, enhancing trade efficiency and reducing slippage.

• Best Trade Prices: With 1inch's algorithm finding the most favorable trade paths, Aspis users are guaranteed to receive the best prices on their trades, maximizing their investment potential.

• Support on all chains: Aspis users can now execute trades across all chains supported by 1inch, opening up a broader range of trading possibilities and opportunities for portfolio diversification.

Strengthening the DeFi Ecosystem

This integration is more than just a technical upgrade; it's a step towards strengthening the decentralized finance (DeFi) ecosystem. By providing access to a broader market and ensuring the best trade conditions, Aspis and 1inch collectively enhance the overall DeFi experience for users. This collaboration exemplifies how strategic partnerships can drive innovation and user satisfaction in the DeFi space.

Make DeFi not only accessible but easy

As Aspis continues to integrate with leading platforms like 1inch, it solidifies its position as a key player in the DeFi industry, committed to delivering excellence and innovation. This partnership is just the beginning of Aspis's journey towards creating a more efficient, transparent, and user-friendly DeFi ecosystem.

The Aspis team is excited about the opportunities this integration presents and looks forward to continuing to serve its community with enhanced capabilities. Stay tuned to Aspis Mirror for more updates and developments as we pave the way for a more interconnected and efficient DeFi world.

For more detailed instructions on how to trade on 1inch from Vaults, directly visit this page in our documentation:

https://info.aspis.finance/for-vault-creators-and-fund-managers/transact-from-vaults-balance/trading-on-1inch

Today, we're delving into the inner workings of the Aspis Protocol. Our goal is to demystify the complex crypto landscape and equip you with a clear understanding of our revolutionary technology. We want you to grasp the significant value it brings to the world of finance. In a world rife with jargon, our simplified explanations and relatable analogies are here to provide the clarity you might be missing. This understanding is paramount because it can influence your financial decisions, whether you're considering centralized exchanges or exploring staking programs with fixed APY, all without truly comprehending the financial mechanisms at play.

Let's start by building a solid foundation in finance, comparing key principles to finance superheroes. These principles are designed to safeguard your wealth, much like superheroes protect the world. By doing this, we hope to illustrate not only the core elements of these principles but also highlight the invaluable benefits that Aspis Protocol offers to the global financial landscape.

Rule #1: "Not your keys, not your coins"

Our first principle brings us to the enigmatic Sam Bankman-Fried, known as SBF, who is something of a legend in the crypto world. SBF's captivating style and impact on the industry make him a household name.

Despite coming from an illustrious academic pedigree, as a son of a Stanford Law professor, and having an Ivy League education, it's a stern reminder that entrusting your funds always involves counterparty risks. The circumstances surrounding the FTX crash have left many questioning the legitimacy of crypto. However, FTX is not run on blockchain but just collects user's deposits to "draw" balances on their servers with no access to the backend for the general public. It's not open source, lacks transparency, and is not on blockchain at all. The issue was not with cryptocurrencies themselves but rather the platform and its management - a distinction that often goes unnoticed.

Therefore, our key takeaway here is clear: avoid storing your crypto on centralized platforms and withdraw your capital to a cold wallet for safety if necessary.

Rule #2: DYOR - Do Your Own Research

Our second financial superhero on the list is none other than Do Kwon and his Luna project. His approach was both genius and, some might say, a little unethical, as it preyed on people's greed. Picture this: a fixed APY of ~20% on risk-free deposits in stablecoins. It sounds too good to be true, doesn't it? Yet, many jumped at the opportunity without a second thought, eager to benefit from this seemingly incredible offer. However, some skeptics took a step back, put on their thinking caps, and crunched the numbers. Their calculations uncovered a significant discrepancy - Luna's earnings were not aligning with the payouts for depositors. This illustrates that deals that appear too good to be true often demand careful scrutiny.

"DYOR" or "Do Your Own Research" is a critical practice to protect your investments and yourself in virtually any life situation. Remember, it's not about trust but verification. Don't be afraid to ask questions and seek the truth even if you feel like you’re a fool.

Rule #3: If you don't know who the fool is, you're the fool

In the ever-evolving world of crypto, countless investment opportunities arise daily, with many designed to entice individuals seeking quick profits. Meme coins, for example, promise double-digit daily returns, creating a fear of missing out (FOMO) among investors. They convince you to buy yet another new coin to become an overnight millionaire.

While this may seem like a dream come true, allow me, as your crypto-savvy guide, to offer a dose of reality. Making millions in one trade means that someone else is losing millions. The volatile nature of the crypto space makes it enticing, but with great returns comes great volatility. Those double-digit returns today could quickly turn into substantial losses tomorrow. This unpredictability is both the charm and the challenge of the crypto world. Always keep in mind that behind every meme coin, there's a game designer with specific goals. When you see someone making double-digit returns, someone else is facing double-digit losses. There is no such thing as free money. So exercise caution when selecting the games you want to engage in.

Now, let's talk about Aspis.

What if I told you that there's a platform that aligns with the three rules we've discussed above? What if there was a platform that allowed you to invest securely in a decentralized manner, safeguarding investors and delivering real results? If you find this boring, you can continue playing with meme coins and risking your hard-earned money, keeping yourself enslaved in the current financial system.

We're introducing a platform where investors can trust professional asset managers with their funds, all while maintaining control and transparency without transferring their deposits to any centralized exchange. Everything is stored on-chain, including the trading history of the asset manager, eliminating the possibility of deception. Simultaneously, they can't run away with investors' funds to buy themselves a new sports car.

Think of this platform as a supermarket of investment opportunities, where prices are fair and products are genuine, never trying to appear better than they are.

As we prepare to launch Aspis v2, we're thrilled about the upcoming enhancements set to elevate your crypto experience. While we can't reveal all the details just yet (yes, we're a bit secretive), get ready to be pleasantly surprised by features that will take your crypto journey to the next level. Stay tuned, folks!

Breaking Free from VC Dependency

The current VC landscape, marked by risk aversion and uncertainty, may not align with your startup's needs. Waiting for that elusive big VC round can lead to stagnation. However, by embracing a Decentralized Autonomous Organization (DAO), you can sidestep this waiting game and seize control of your project's destiny. DAOs are not subject to the same market forces as traditional investors, enabling you to build early and with agility, free from the constraints of attending beauty contests.

Unlocking Success: Building a Community

Before we delve deeper, let's clarify what 'building a community' truly means. As a startup, your community comprises individuals who share common values, interests, or goals related to your project. These individuals can be potential clients, industry enthusiasts, or like-minded entrepreneurs. The strength of your community lies in its members' dedication and their contributions to your project's betterment.

Conversion through Retention

So, how can you transform community members into active contributors? This is where retention becomes the linchpin of success. In the startup arena, retention is akin to the holy grail. It revolves around forging enduring relationships with community members, encouraging them not only to stay but also to actively participate—whether by sharing ideas, providing feedback, or even financially supporting your project.

Your Community: A Shelter in the Storm

In times of uncertainty, your community emerges as your sanctuary—loyal, enthusiastic, and fully capable of providing unwavering support. Converting community members into contributors isn't a one-time financial injection; it's a well-considered long-term strategy that can significantly boost conversion rates and secure the funding necessary to navigate your project through turbulent waters.

Embracing the Power of Starting Small

Traditionally, startups strive for that elusive one big funding round to sustain their operations. However, by adopting a Decentralized Autonomous Organization (DAO), you can establish a continuous funding mechanism. This approach allows you to accumulate resources incrementally, mitigating the pressure to secure a substantial investment in a single stroke. It aligns harmoniously with the principles of blockchain and decentralization by equitably distributing ownership and responsibility among community members.

Fostering Trust Amidst Uncertainty

In a volatile market, trust becomes a precious commodity. Opening a DAO signifies your project's unequivocal commitment to transparency and inclusivity. This commitment nurtures trust not only within your community but also among potential investors who esteem projects built on a bedrock of trustworthiness.

The Currency of Credibility: Onchain Operations History

Every startup craves a robust reputation to thrive. While traditional businesses rely on credit scores, blockchain-based projects construct credibility through the history of their onchain operation. By documenting your project's journey transparently and with traceability on a blockchain, you effectively construct a credit score for trust and reliability. Investors, community members, and partners can scrutinize your onchain history, validating your project's credibility and dedication to its objectives.

Harnessing Transparency for Confidence and Fundraising

Just as a solid credit score facilitates loan approvals for businesses, a meticulously documented history of operations significantly bolsters your startup's progress validation. By painstakingly recording and demonstrating your project's development, you substantiate to potential investors and contributors that your venture is not merely a concept but a tangible initiative making real strides. This, in turn, bolsters their confidence and willingness to invest.

Operational History: Your Proof of Progress

Much like a high credit score radiates credibility, a DAO's operational history serves as a potent trust-building tool for prospective contributors. It signifies transparent, accountable, and efficient management. The saying "the proof is in the pudding" holds true—your operational history is the pudding.

A Win-Win: Minimizing Costs and Expanding Horizons

Traditional legal entities bring administrative overhead and regulatory complexities. Conversely, a DAO streamlines operations, reducing bureaucratic obstacles and costs. These cost savings can be reinvested in your project's growth or distributed among community members, further fueling their commitment.

Breaking Free from the Big Round Paradigm

Conventional startup wisdom often revolves around securing one substantial funding round to maintain operations. Yet, with a DAO, you can establish a continuous funding mechanism that allows you to accumulate resources steadily. This approach resonates with the principles of blockchain and decentralization, decentralizing ownership and responsibility among community members.

Setting a New Course

As you chart your course through these stormy economic seas, adaptability and ingenuity are paramount. DAOs offer a compelling alternative to conventional legal structures, making fundraising more accessible and community engagement more profound. As traditional funding sources remain on hold, now is the time to raise your sails and set your compass towards the future of organizations. The world of DAOs beckons—a realm where your community propels you forward, your contributors are your advocates, and your journey is marked by transparency and trust.

Maybe it's time to raise your sails and set your compass towards the future of organizations. The promising world of DAOs awaits.

Fill in the form if you feel like you’re ready:

https://go.aspis.finance/840

Why We're Building Aspis Protocol:

In a world where collaboration and trust are essential, Aspis Protocol is the answer to a pressing issue: the fragmentation of our global financial systems. Each country has its own regulations, gatekeepers, and trust layers, making cross-border fundraising a complex endeavor. Aspis Protocol is here to break down these barriers and enable international fundraising like never before.

Our journey began with the rise of ICOs in 2017, opening doors to cross-border fundraising and a distributed trust layer. Despite initial challenges, this innovation led to the emergence of IEOs and IDOs, creating more secure and regulated fundraising mechanisms within the crypto community. While many people may argue that the majority of ICOs are scams, the majority of startups that even raised funding are failing, too. So there are always both good and bad sides, so it’s a matter of subject to choose a focus point. Both arguments might be considered true if facts are linked in a determined way.

Fast forward to the DeFi boom from 2019 to 2021, decentralized exchanges and lending markets paved the way for self-custody, allowing users to manage their assets without intermediaries. However, the majority still delegate their assets to professionals, often relying on centralized entities that are still using centralized exchanges, but it is about a great change to happen.

Why Now?

Now, two key factors are driving change:

1. Growing Crypto Adoption: More people are embracing crypto and Web3 due to economic instability and the lack of financial infrastructure in many countries.

2. Improved DeFi Infrastructure: Decentralized exchanges, enhanced UI/UX, and a growing ecosystem are making DeFi more accessible and user-friendly.

As trust in traditional institutions wanes due to inflation, conflicts, and a focus on control over cooperation, the time is ripe for a decentralized solution like Aspis Protocol.

What Problem Does Aspis Solve?

Aspis Protocol addresses the age-old question: "How can I protect my assets?" It does so by eliminating the need for trust and enhancing transparency through smart contracts. Instead of relying on intermediaries, individuals can transact directly using code that executes verifiably on the blockchain.

Consider the current process: Two parties require an intermediary to regulate their transaction because they lack full trust in each other. This involves drafting agreements, involving banks for fund custody, and securing regulatory approvals. Aspis Protocol streamlines this, making transactions secure, transparent, and efficient through smart contracts.

Our Go-To-Market Strategy:

Our Go-To-Market (GTM) strategy is founded on collaboration and building trust within communities of traders. We begin by engaging with small communities of traders and traders' schools, gradually building our reputation as a reliable and transparent platform. Our secret sauce lies in collaborating with traders and managers who value fairness and openness.

From these initial communities, we plan to expand into broader market segments, attracting users who seek trust and transparency in their financial dealings. Our growth strategy is rooted in organic expansion and fostering relationships with users who share our vision of a transparent financial future.

Why Aspis is Better than Centralized Competitors:

Aspis Protocol eliminates counterparty risk and offers full transparency, making it a safer choice compared to centralized competitors. It operates on smart contracts, not intermediaries, ensuring that funds are secure and tamper-proof.

How Aspis Protocol Differs from Multisigs (e. g. Gnosis Safe):

While Gnosis Safe serves its purpose, Aspis Protocol offers several distinct advantages:

1. Decentralized Decision-Making: Aspis Protocol enables the distribution of decision-making among an infinite number of shareholders, as opposed to the multi-signature approach with equal voting power. This allows for more inclusive governance.

2. Automated Onboarding and Offboarding: Aspis Protocol leverages automation for user onboarding and offboarding, streamlining the process and enhancing user experience. It is very hard to coordinate a group of 10+ people for each signature on each withdrawal, swap, and every major decision.

3. Role-Based Control and Restrictions: Unlike Gnosis Safe, Aspis Protocol introduces role-based controls, offering a traditional legal setup for funds. This structure is better suited for protecting investors' interests. For example, the manager can trade a pre-approved list of assets without the need to confirm every swap he will be doing. (In Gnosis Safe you need to confirm every swap with all the participants)

Our Strategy for the Next 3-5 Years:

Over the coming years, our strategy is simple yet ambitious:

1. Platform Evolution: Continuously enhance our platform, integrating cross-chain options, expanding DEX and DeFi protocol connections, and offering an even broader range of features.

2. Regulatory Collaboration: Strengthen partnerships with regulators to provide a secure legal framework for users. Thanks to the variety of countries and regulation mechanisms and also

3. Global Local Expansion: Expand our user base, reaching more individuals and entities worldwide but organically.

4. Decentralization: Promote the adoption of decentralized autonomous funds (DAFs) for asset management, charity initiatives, and project financing.

Unlocking the Future with Autonomous AI Agents:

One of the most exciting aspects of Aspis Protocol's future is the integration of autonomous AI agents. These agents operate independently and are not bound by government registries or conventional regulations. Aspis Protocol is pioneering a path where AI-driven entities seamlessly collaborate with human counterparts, unlocking unprecedented economic opportunities.

The Future of Aspis Protocol:

Looking ahead, Aspis Protocol is poised to unlock entirely new use cases, including the integration of autonomous AI agents. These agents operate independently and are not bound by government registries or conventional regulations. This expansion into the realm of AI-driven agents represents a groundbreaking leap in decentralized finance.

Join us on this transformative journey where we bridge the gap between trust and transparency, bringing a new era of financial freedom to all.

Together, we're reshaping finance for a better future for all humanity.

In the ever-evolving landscape of the crypto industry, traditional approaches are failing to address the current crisis that has gripped the market. Fundraising, marketing, and development strategies that once thrived are now struggling to gain traction. Venture capital investments have plummeted by over 78%, retail interest in new launches is waning, and the liquidity and enthusiasm for token issuance have significantly diminished.

However, amidst these challenges, a beacon of hope emerges - your project. Whether you're a new entrant or an established venture in need of extra funding, the need to adapt, innovate, and secure a strong foundation remains paramount.

At Aspis, we recognize the urgency to navigate these testing times and redefine how projects can thrive under the new market paradigm. Our team is dedicated to helping your project not only overcome these hurdles but also lay the groundwork for a prosperous future.

Introducing a Paradigm Shift: The Aspis Approach

Our proposal is simple yet revolutionary: a fresh perspective on how your project can operate in the current market environment. While traditional avenues like VC investments and launchpads may falter, there are alternative avenues to explore:

• Embrace Decentralization from Day One: Establish Your DAO By creating a Decentralized Autonomous Organization (DAO) early in your project's journey, you empower your community members to contribute directly. This approach ensures that your project is backed by those who believe in its potential.

• Transparency That Builds Trust: Transparency is the cornerstone of Aspis. With a clear history of fund usage, operations, and traction, your project demonstrates accountability and trustworthiness to both your community and potential investors.

• Community Involvement: Empower Your Contributors Contributors become more than just backers; they become key stakeholders in decision-making processes, including budget allocation. Their involvement strengthens their commitment to your project's success.

• Safer Growth with Clear Fund Management: The Aspis Protocol safeguards your project's funds against mismanagement or rug pulls. By demonstrating consistent growth and clear usage of funds, you attract more investors to your project.

Why Aspis Protocol is Your Ideal Partner

• Unparalleled Transparency: Every transaction is immutably recorded on the blockchain, offering real-time visibility to all participants.

• Investor Control: Investors play an active role in determining fund allocation, fostering a sense of ownership and engagement.

• Enhanced Involvement: Investor votes guide fund decisions, forging a deeper connection between your project and its backers.

• Structured Hierarchy: The creator of the fund retains essential decision-making authority, streamlining processes and clarifying roles.

• User-Friendly Interface: No technical expertise is required. Participants can effortlessly monitor fund activity and access vital information.

• Censorship Resistance: Funds are secured on the blockchain, ensuring no external interference or censorship.

• Liquidity Management: Managers can easily convert treasury assets, offering flexibility and risk management.

Easy Implementation with Aspis Protocol

• Deploy Your Fund: Utilize the Aspis Protocol to deploy your fund, providing a transparent and decentralized hub for contributions. Deployment is cost-effective and swift.

• Empower Your Investors: Investors acquire LP tokens upon contributing, granting them voting rights for fund decisions.

• Informed Decision-Making: Proposed transactions are voted on by the community, ensuring consensus-driven outcomes.

Unlock Your Project's Potential: Watch the Detailed Product Video To better understand the Aspis Protocol in action, watch our informative product video: Watch Video and read our documentation. Do not forget to join our beta.

Our Comprehensive Offer to You

1. Deploy an Aspis Vault: Establish your project's stronghold with the Aspis Protocol, setting the stage for community-backed growth.

2. Leverage Marketing and Fundraising Support: Collaborate with our partners for strategic marketing and fundraising assistance.

3. Cultivate Trust with Transparency: Display your project's track record transparently to your community and potential investors, laying the foundation for the new market cycle.

Join the Revolution: Secure Your Project's Future with Aspis Protocol

In these challenging times, the path to success requires innovation and adaptability. Aspis Protocol is your partner in this journey, offering a framework that redefines how projects can thrive in the new crypto landscape.

Are you ready to embrace the future? Reach out to us at info@aspis.finance to discuss how Aspis Protocol can revolutionize your project's trajectory.

Together, let's navigate the storms and emerge stronger than ever.

Aspis is honored to announce its partnership with MiDAO - exclusive registered agent that can create and maintain DAO LLCs on Marshall Islands to give opportunity for each Vault created on Aspis Protocol to create a DAO LLC.

Opening up a DAO LLC with MiDAO gives limited liability (unlike unlimited liability) to its members, gives corporate personhood for owning property, signing contracts, and opening bank accounts. With a few requirements compared to the traditional way of registering a crypto fund, DAO LLC serves as a great mechanism for combining both onchain security (provided by Aspis Protocol) and legal protection for the members (provided by RMI laws).

Compared with the registration of a crypto fund, when registering a DAO LLC, most of the DAO members can remain anonymous (if they do not reach 25%),  governance by smart-contracts is allowed by the law, all documents and records can be put onchain and no dao members with extra liability or responsibility. 

Aspis is partnering up with MiDAO to allow easy registration of the Vaults created on Aspis Protocol

Aspis Protocol, a leading provider of customizable on-chain vaults for collective asset management, is pleased to announce its strategic partnership with MiDAO, an exclusive registered agent specializing in creating and maintaining DAO LLCs on the Marshall Islands. This partnership aims to streamline the registration process for Vaults created on the Aspis Protocol by offering the option to establish a DAO LLC through MiDAO.

By leveraging the expertise of MiDAO, Aspis Protocol enables Vaults created on its platform to establish a DAO LLC, providing several significant advantages. One key benefit is the limited liability protection granted to members of the DAO LLC, offering them enhanced security compared to unlimited liability structures. Additionally, the corporate personhood granted by the DAO LLC enables the ownership of property, signing of contracts, and opening of bank accounts, creating a more robust legal framework.

Unlike traditional methods of registering a crypto fund, establishing a DAO LLC through MiDAO offers greater privacy as most DAO members can remain anonymous if they do not exceed the 25% disclosure threshold. The incorporation of smart contract governance is also permitted under the law, allowing for efficient and transparent decision-making processes. Furthermore, all relevant documents and records can be stored securely on the blockchain, eliminating the need for offline storage and enhancing accessibility.

The collaboration between Aspis Protocol and MiDAO brings together the cutting-edge on-chain security provided by Aspis Protocol with the legal protection and flexibility of a DAO LLC. This partnership aims to empower users by combining the advantages of decentralized finance with the benefits of a compliant and legally protected framework.

"We are excited to partner with MiDAO to offer our users the opportunity to establish a DAO LLC for their Vaults on Aspis Protocol," said Vladimir Prosvirkin, Founder of Aspis Protocol. "This collaboration enables us to provide not only robust on-chain security but also a legal structure that offers enhanced protection and peace of mind for our users. It represents a significant step forward in simplifying the registration process and expanding the capabilities of decentralized asset management."

"Aspis Protocol and MIDAO united unleash the full potential of Aspis. By harnessing the power of a DAO LLC through MIDAO, we’re facilitating Aspis Protocol users in simplifying the registration process while safeguarding limited liability and on-chain governance. Together, we forge a path where innovation meets legal protection, creating a new era of secure and transparent collective DeFi asset management,” said Adam Miller, CEO and Co-founder of MIDAO.

About Aspis Protocol:

Aspis Protocol is a leading provider of customizable on-chain vaults for collective asset management in decentralized finance. Its smart contract technology allows portfolio managers to deploy custom investment vaults, set rules for deposits and withdrawals, and control investment strategies, providing a secure and transparent environment for asset management.

About MiDAO:

MiDAO is an exclusive registered agent specializing in creating and maintaining DAO LLCs on the Marshall Islands. MiDAO offers a streamlined process for establishing and managing legal entities, combining the benefits of blockchain technology with the legal protection and flexibility of traditional corporate structures.

MRY VC, an investors club comprised of special NFT holders, leverages the power of pooling capital to support various initiatives and fund different trading strategies. Recently, some members of MRY VC decided to create a private pool on Aspis to participate in the pre-sale of MooW. With 9 wallets collectively contributing 20k, they easily deployed a Vault, with each investor receiving LP_MRY_MOOW tokens proportional to their deposit size.

Each Vault deployed using Aspis Protocol functions as a separate contract, securely holding all the funds and enforcing the predefined rules that can be easily verified directly from the chain. Aspis Protocol operates without a backend, relying on Subgraph to retrieve real-time contract state from the chain.

The safety of the Vault is ensured by the voting mechanism, preventing the pool creator from executing transactions without approval from investors. To proceed, the manager's proposal requires at least 51% of voting power (corresponding to the investor's deposit). As a private pool, it is safeguarded against unauthorized access or third-party interference, akin to a multi-signature wallet with 9 signatures, requiring at least 5 confirmations to execute transactions. Here you can see the proposal that needed to be voted on for the transaction to be approved to transfer funds to participate in the MooW community sale:

Anyone can create a similar Vault by contacting us if interested.

Investors who participate in this Vault will receive their MooW tokens based on a vesting schedule. The MooW team will transfer tokens directly to the Vault, where they will be held during the vesting period. In order to obtain their tokens in their personal wallets, investors will need to burn their LP tokens, which represent their share in the Vault. It's important to note that tokens held in the Vault balance are not removed from the market. The Vault manager has the ability to trade these tokens on any decentralized exchanges (DEXes), allowing them to trade the received tokens in accordance with the vesting schedule as soon as they are received.

Another notable feature for Vault investors is the flexible withdrawal and distribution mechanism. Only depositors receive LP_MRY_MOOW tokens representing their share of assets already present in the Vault, or that will be vested by the project. We are also implementing a vesting mechanism to ensure that if an investor decides to exit the Vault, their unvested portion remains on the Vault's balance, requiring the burning of LP tokens. Unlike a multisig, this approach eliminates the need for complex accounting or signatures from all participants, as investors can manage their own transactions. Here you can see all holders of LP_MRY_MOOW tokens on BSC scan:

Additionally, withdrawal windows can be defined to allow early capital redemption. Participants can initiate withdrawals during specific periods, configurable through voting. For instance, withdrawals may be permitted during the first 3 days of each quarter or the first week of every month. This enables the manager to anticipate the distribution of capital during the "Active" period while imposing a Rage Quit Fine as an early redemption fee. Notably, there is no centralized entity collecting this fine, as it is automatically distributed proportionally among all investors based on their current share. This measure prevents potential abuse of rules by the manager and discourages investors from hastily exiting the pool.

We are thrilled to explore further use cases with our infrastructure, enabling the deployment of contracts with various complexities while prioritizing security. Previous blog posts on our mirror have already explored potential use cases. If you're interested in a specific use case that better aligns with your needs, please fill out this form and indicate your preference. Embrace the freedom of self-custody. With recent events, such as the FTX case and ongoing regulatory lawsuits against major CEXes, this message is gaining prominence. Stay tuned for more exciting developments as we continue our journey.

What is Aspis Protocol?

Aspis Protocol is a revolutionary platform that enables investors to tap into the expertise of professional asset managers within the DeFi ecosystem. By deploying their funds through Aspis Vaults, investors gain direct exposure to curated investment strategies, all without the need for extensive research, financial specialization, or the complexities of navigating DeFi on their own.

Aspis Mission: Bridging the Gaps and Empowering Investors

At Aspis Protocol, we believe that financial opportunities should be accessible to everyone, regardless of their level of expertise in DeFi. Our mission is to bridge the gap between Web3 native users and regular individuals, empowering them to achieve outstanding financial results and secure their future.

Why choose Aspis Protocol as an Investor?

1. Access Professional Asset Managers: With Aspis Protocol, investors can leverage the knowledge and experience of professional asset managers who have already established a track record of success in the DeFi space. This allows investors to benefit from expert decision-making and maximize their investment potential.

2. Trust and Security: Aspis Vaults operate on secure smart contracts, ensuring that investors' funds are held in a transparent and secure manner. Smart contract rules and predefined strategies provide an additional layer of confidence, minimizing counterparty risks and protecting investors' assets.

3. Simplified Investing: Investing in DeFi can be complex and time-consuming, requiring extensive research and technical expertise. Aspis Protocol simplifies the process by offering a user-friendly interface, enabling you to allocate your funds to professional asset managers who handle the complexities on your behalf.

4. Diversification: Aspis Protocol offers a range of investment strategies and asset classes, allowing investors to diversify their portfolios and reduce risk. With access to a wide array of curated funds, investors can achieve a balanced and diversified investment approach.

Why Choose Aspis Protocol as a Manager?

1. Enhanced Visibility and Exposure: By deploying a Vault on Aspis Protocol, asset managers gain exposure to a broader investor base actively seeking professional fund management within the DeFi ecosystem. Our platform serves as a gateway for managers to connect with potential investors who value their expertise and seek to benefit from their proven track records.

2. Streamlined Fund Deployment: Aspis Protocol simplifies the process of launching and managing on-chain funds. Our intuitive interface and smart contract infrastructure enable managers to efficiently deploy funds, streamline operations, and focus on generating alpha. By leveraging our platform, managers can unlock new opportunities for growth and expand their investor base.

3. Regulatory Compliance and Transparency: Aspis Protocol ensures regulatory compliance and transparency by leveraging smart contracts. Through predefined rules and automated governance mechanisms, managers can operate within a secure and transparent framework, aligning with the expectations of regulators and instilling confidence in their investors.

4. Access to a Thriving Ecosystem: Aspis Protocol provides managers with access to a vibrant ecosystem of DeFi protocols, DEXes, and liquidity pools. This ecosystem enables managers to execute trades, explore investment opportunities, and optimize yield generation strategies, all while leveraging the security and transparency of our platform.

5. Open Ecosystem and Seamless Integrations: Aspis Protocol actively seeks integrations and partnerships with other DeFi projects, enhancing your fund management capabilities. With our open infrastructure, we automatically integrate with new protocols and DEXes, ensuring you stay connected to emerging opportunities in the market.

Ready to Embrace the Future of DeFi Fund Management?

Investing in DeFi no longer needs to be intimidating or overwhelming. With Aspis Protocol, you can confidently navigate the rapidly evolving world of decentralized finance, knowing that your funds are in the hands of experienced professionals. Embark on your investment journey today and reap the benefits of expert asset management in the DeFi space.

But before we explore the possibilities, let's understand why Aspis was created and how it transforms traditional fund management.

Why Aspis Protocol was born?

Aspis Protocol was created to address the inherent challenges and limitations of traditional fund management.

Aspis Protocol introduces a new form of managing counterparty risk through non-subjective smart contracts, where the code is the only law. This revolutionary approach eliminates the need for intermediaries, enhances transparency, and empowers participants with greater control over their funds. Now let’s dive deeper into potential use cases of Aspis Protocol.

Transparent Government Spending

One powerful use case of the Aspis Protocol lies in government spending. By deploying onchain funds, governments can ensure that their budgets are strictly governed by dedicated managers responsible for how these funds are spent. Every transaction is traceable and transparent, reducing the potential for corruption. If a manager misuses the funds, they can be easily tracked and held accountable.

Example: Imagine a government using Aspis to manage a public infrastructure project. The onchain fund ensures transparency in fund allocation, project progress, and expenditure. Citizens can monitor the funds in real-time, enhancing accountability and fostering trust in government spending.

Efficient Public Service Funds

Public service funds, such as healthcare or education budgets, can benefit from Aspis Protocol by eliminating transactional costs and increasing transparency. Through decentralized fund management, the need for complex accounting processes and intermediaries is minimized, enabling efficient allocation and utilization of funds.

Example: A public healthcare fund utilizes Aspis to manage medical resources and distribute funds to hospitals and clinics. The decentralized nature of the fund ensures transparency, eliminates unnecessary administrative costs, and facilitates fair distribution of resources.

Decentralized Venture Capital

Aspis Protocol opens up new possibilities in the world of venture capital. Venture capital firms can create decentralized investment funds, providing a transparent and efficient platform for startups and investors. By deploying onchain funds, venture capitalists can streamline the investment process, enhance due diligence, and enable broader participation.

Example: A venture capital firm establishes an onchain fund using Aspis Protocol to invest in early-stage startups. Entrepreneurs can submit their business proposals through the dApp, and the fund's smart contract automates the evaluation and investment decision-making process. This decentralized approach democratizes access to capital and increases transparency in the venture capital ecosystem.

Transparent Corporate Governance

Aspis Protocol also enables transparent governance of real-world companies. By creating onchain funds, companies can have a comprehensive overview of fund management and ensure that resources are utilized efficiently. This approach provides direct access to up-to-date information and empowers stakeholders in the decision-making process.

Example: A multinational corporation deploys an onchain fund using Aspis Protocol to manage its treasury and investment activities. Shareholders can monitor fund allocation, investment strategies, and financial performance in real-time. This transparency fosters trust and aligns the interests of stakeholders.

After we’ve highlighted a major subject areas where Aspis Protocol’s infrastructure can be used, let’s dive deeper and understand potential use cases structured in a way they are enabling the new technology to be applied (Shortly: More how than what).

Substitute for Legal Entities

Aspis Protocol can serve as a substitute for traditional legal entities, offering significant advantages in terms of cost reduction and contract automation. Startups and venture capital funds, for instance, can leverage Aspis Vaults to automate contract execution, minimize legal costs, and streamline investor relations. The decentralized and transparent nature of Aspis Protocol ensures that all stakeholders have access to the same information, reducing disputes and enhancing trust.

Example: A startup looking to raise funds and streamline its operations decides to establish an Aspis Vault as a decentralized investment fund. The startup can set up rules for investment, withdrawal, and fees directly within the vault's smart contract. Investors can participate in the fund by depositing funds into the vault, while the startup can easily manage and deploy the raised capital.

Streamlined Token Offerings

Aspis Protocol simplifies the process of conducting token offerings by providing a secure and transparent platform for fundraising. Companies can create Aspis Vaults to manage token sales, ensuring that funds are securely stored in smart contracts and transparently utilized for the intended purpose. This approach eliminates the need for complex escrow arrangements and minimizes the risks associated with centralized fundraising platforms.

Example: A blockchain project plans to launch a token sale to raise funds for platform development. Instead of relying on a third-party platform, the project creates an Aspis Vault to manage the token sale. Investors can participate by depositing funds directly into the vault, and the project team can utilize the raised capital for development, with transparency and accountability ensured by the smart contract.

Non-Custodial Asset Management

With Aspis Protocol, asset managers can offer non-custodial asset management services, providing investors with enhanced security and control over their funds. Aspis Vaults act as a secure repository for investor funds, with the asset manager executing trades and investment strategies directly through the vault's smart contract. This non-custodial approach eliminates the need for investors to entrust their funds to a centralized entity, reducing counterparty risk.

Example: A wealth management firm decides to offer non-custodial asset management services to its clients. By utilizing Aspis Vaults, the firm can create individualized investment portfolios for each client, execute trades directly on DEXes, and ensure that the client's funds remain securely stored in the vault. This approach gives clients full control over their investments while benefiting from the expertise of the asset manager.

Conclusion

Aspis Protocol is revolutionizing the way funds are managed, offering a decentralized and transparent alternative to traditional investment models. With its robust smart contract infrastructure, Aspis Vaults provide a secure and efficient platform for deploying and governing onchain investment DAOs. From transparent government spending to efficient public service funds, decentralized venture capital, and transparent corporate governance, Aspis Protocol has the potential to reshape various industries.

These examples of use cases of Aspis Protocol are just a few examples of the versatile use cases that Aspis Protocol offers. The platform's flexibility and decentralized nature make it suitable for a wide range of applications across various industries.

To learn more about Aspis Protocol and its features, please refer to our previous blog posts on Aspis Mirror. Experience the power of Aspis Protocol and unlock a new era of decentralized fund management.

Disclaimer: The examples provided in this article are for illustrative purposes only and do not constitute financial or investment advice. Please conduct your own research and consult with professionals before making any investment decisions.

Aspis Vaults are changing the way investors and asset managers interact in DeFi. Unlike traditional financial institutions, these Vaults provide transparency, security, and accessibility. So, let's dive deeper into what Aspis Vaults are and how they work.

Introducing Aspis Vaults

Aspis Vaults are non-custodial on-chain Vaults that allow investors to pool their funds together and invest them in different DeFi protocols. Aspis Vaults eliminate the need for a middleman, which helps reduce costs and increase transparency. These Vaults are autonomous and decentralized, meaning there is no central authority controlling them.

The problem that Aspis Vaults aim to solve is the issue of trust between investors and capital managers. In traditional finance, investors entrust their money to a fund manager, and it's up to the manager to make the right investment decisions. However, the manager can misuse or mismanage the funds, which leads to losses for the investors. Aspis Vaults solve this problem by removing the middleman and allowing investors to invest directly in a Vault, which stores their funds securely on the blockchain.

Aspis Vaults work by allowing investors to pool their funds together and invest them in different DeFi protocols through the Vault. Investors can deposit their funds into the Vault, which then deploys them to various protocols and generates returns. The profits earned are then distributed proportionally among the investors based on their investment.

How Aspis Vaults work

Aspis Vaults serve as an interface for interaction between managers and investors. Here is a step-by-step guide on how the Vault is created:

1. The manager deploys the Vault, where they specify the initial rules of the fund, such as the list of assets they are able to trade and the platforms they will be able to trade on.

2. Investors deposit their funds into the Vault and receive LP tokens, which represent their share in the fund.

3. The manager can manage the capital directly from the Vault via WalletConnect. Each transaction that the manager triggers from the Vault balance is checked to see if it is according to the contract.

4. Investors can burn their LP tokens to get back their funds and any earnings that have accrued due to the manager's results. At this step, the manager receives their commission.

If the manager wants to change the rules of the fund, he is able to create the voting proposal that needs to be approved or rejected by the holders of LP tokens. We will cover the voting in our next blog posts and explain how it works, but basically, every parameter available on the Vault Rules page (the page below) can be changed with the corresponding voting proposal, including assets and protocols (incl. DEXes) manager is able to use:

Oh, another good use is that you do not rely on some backend here on the interface since all the data is synched directly from the chain, allowing to present to you up-to-date information about all current parameters of the fun, its history of transactions, deposits, and withdrawals.

Benefits of Aspis Vaults

Each Vault has its own smart-contract address, stores its parameters as variables in this smart-contract, and funds separately without an aggregation. The manager also does not have direct access to the funds, so he is not able to withdraw the funds from the Vault without the investors’ permission.

Aspis team does not have access to any funds stored in the Vault. This means that investors can trust that their funds are safe and secure, and they don't have to worry about the Aspis team mismanaging their funds.

Moreover, the manager does not have direct access to the funds, and the Vault serves as a gatekeeper by not allowing managers to scam investors without their permission. Aspis Vault handles all the accounting and serves as the source of truth for everybody, eliminating trust issues between the manager and investors.

Aspis Vaults are always accessible, thanks to the underlying blockchain technology. As they are running on blockchain, there is no downtime, which is a common problem faced by traditional investment funds.

Lastly, Aspis Vault handles all the accounting and serves as the source of truth for everybody, eliminating trust issues between the manager and investors. The smart contract is the only law avoiding the hypocrisy of the current legal system in DeFi. Smart contracts are not subjective, and they execute automatically based on predefined conditions, ensuring that all parties are treated equally and fairly.

Aspis Vaults Use Cases

There are the number of different Vaults types with different parameters depending on the “mission” of the Vault:

• Trading funds - funds aimed at out beating the market trends and gaining better than average market returns with active trading activities such as market-making, arbitrage, and high-frequency strategies

• Portfolios - funds aimed for time-to-time diversification and rare trades but need to store capital and do not need 3rd entity to manage their assets for them thanks to decentralized exchanges possibilities which can do swaps directly from and to the user's wallet without 3rd party involved

• Indexes - same as a portfolio but do not have max cap and can be infinitely minted;

• VC/PE funds - funds that aimed for long-term investment strategies with returns on 5+ years of the horizon, which locks its shareholders' capital for a long period of time

Conclusion

Aspis Vaults are transforming the DeFi space by providing a transparent, secure, easy-to-use, and accessible way for investors and asset managers to interact. These Vaults eliminate the need for a middleman and provide trust and security to investors by using non-custodial on-chain Vaults. 

In conclusion, Aspis Vaults offer a unique solution to the challenges faced by investors and asset managers in the DeFi space. With Aspis Vaults, investors can feel secure that their funds are held in a non-custodial manner, and managers can operate with greater ease and efficiency.