API3, a provider of decentrally governed and quantifiably secure information feeds that power Web 3.0 apps without employing third-party intermediaries, revealed today its newest partnership with Hedge Against Inflation (HAI) DAMO (Decentralized Asset Management Organisation).
Hedge Against Inflation is a job developed to minimize the risks related to the volatility inherent in crypto markets. API3 will be supplying Airnode-enabled API data and dAPIs to allow this.
HAI DAMO means to provide investors with access to on-chain ETFs that hold the top-performing assets in different locations of the crypto space. Having access to these baskets of assets makes it much easier for beginner financiers to get direct exposure to a great deal of tokens all at once, hedging the danger of individual jobs failing.
The production of crypto-asset ETFs will for that reason decrease barriers to entry experienced by brand-new investors, while likewise contributing to the maturity of crypto as an asset class.