Blockchain-Based Swarm Fund Teams Up With MakerDAO; Integrates Dai Token

Swarm Fund and MakerDAO have teamed up to add the Dai token to their platform. According to Swarm Fund, this integration of the Dai token will help its community investors to use the first stablecoin in the world on the network of Ethereum (ETH) blockchain to lock crypto prices.

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Collaboration to remove volatility and risk in crypto markets

Swarm is interested in attracting crypto investors who are looking to de-risk their portfolios such as family offices that are seeking an alternative mode of investing in cryptocurrencies. According to the Co-Founder and CEO of Swarm, Philipp Pieper, the decentralized autonomous firm is a team of like-minded technologists focused on community.

Pieper stated, “When we connected with the MakerDAO team, we found them to be like-minded, community-focused technologists. Our cooperative relationship will provide new ways for our investors to create and protect their value.” He further added that this collaboration will be instrumental in removing the factors that have been until now perceived as risky and volatile for crypto markets.

The Dai stablecoin is backed to the US dollar. Investors can lock the value of their cryptos using this stablecoin in two phases. In the first phase, investors will have to invest in Dai. The first phase is now available online and investors can start investing in Dai stablecoin. In the second phase, the investors will be able to lock the price of crypto with Ethereum or Bitcoin (BTC) getting converted into DAI. The locking of the cryptocurrencies will be according to the commitment made during investment or will be automatic based on floor and ceiling prices decided by the investor individually.

The Co-Founder and CEO of MakerDAO, Rune Christensen, said that their company is on a mission to harness the blockchain power and create better economic opportunities for institutions and individuals across the world. She stated that the integration of Dai’s Swarm will provide stability, access, and power to the accredited class of investors. The Chief Investment Officer and Co-Founder of MakerDAO, Timo Lehes, stated that the stablecoin is exactly what they wanted the dollar-pegged Swarm token SUN to be.

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