Published on February 22, 2024 · Reading time 3 minutes · Created by Fyde Labs
In the spirit of transparency, let’s talk about Powerledger (POWR) and why we have chosen to whitelist it within our liquid vault.
Founded in 2016, Powerledger addresses the challenges of intermittent energy sources like solar and wind, which can destabilize the grid. As the energy grid transitions from centralized to distributed systems, Powerledger's agile market solutions help regulate this intermittency, promoting a responsive network with improved storage capabilities. Their software enables utilities and corporations to track, trace, and trade every kilowatt of energy, enhancing grid stability. Additionally, Powerledger facilitates seamless trading of Energy Attribute Certificates (EACs) and granular energy tracking, aiding companies in achieving their decarbonization goals.
Fyde is a decentralized treasury management solution that accepts native tokens, providing depositors with diversified market exposure and yield. Depositors receive $TRSY, a liquid wrapper of the vault, redeemable for a basket of tokens at any time. Fyde aims to offer diversification while accruing yield and maintaining governance rights.
We are excited to support Powerledger due to their consistent track record, focus on sustainability, and strong partnerships. What sets Powerledger apart is their clear focus on solving real-world problems through their suite of solutions.
Powerledger emphasizes democratization of energy and sustainability. By including POWR in Fyde Treasury, we support a project actively working towards a greener future and pioneering energy blockchain infrastructure.
The Powerledger platform operates in multiple countries, with partnerships involving over 30 clients across 10 countries, demonstrating its real-world impact.
Co-founded in 2016 by Dr. Jemma Green and John Bulich, Powerledger was established to address the growing demand for transparency and peer-to-peer transactions within energy markets, inspired by the increasing integration of renewable energy sources into the grid.
Including POWR in the vault offers a return stream potentially less correlated with other tokens, promoting risk diversification for users.
As Fyde’s vault includes 25 other assets, traders can swap from any of those assets directly into POWR, minimizing trading fees and increasing adoption and trading efficiency of the native token.
All deposits made into Fyde are now eligible for our boosted airdrop! Seize this opportunity and join us in shaping the future of DeFi while reaping additional benefits. Don’t miss out!