Announcing the Partnership with HAI DAMO
API3 is excited to announce the partnership with Hedge Against Inflation DAMO (Decentralized Asset Management Organisation). Hedge Against Inflation is a project designed to minimize the risks associated with the volatility inherent in crypto markets. API3 will be providing Airnode-enabled API data and dAPIs to enable this.
HAI DAMO intends to provide investors with access to on-chain ETFs that hold the top performing assets in different areas of the crypto space. Having access to these baskets of assets makes it easier for novice investors to gain exposure to a lot of tokens all at once, hedging the risk of individual projects failing. The creation of crypto asset ETFs will therefore reduce barriers to entry experienced by new investors, while also contributing to the maturity of crypto as an asset class.