Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.
Table Of Contents
Zebec Protocol, a continuous Settlement Protocol that aims to transform things such as cash flow, payroll, and token vesting by allowing users to send payments and distributions every second, recently announced a new partnership. The project teamed up with Solana-based Sypool Protocol, an asset management protocol that allows investors to exchange the project’s fund shares with their tokens.
What does Zebec Protocol have to offer?
According to Zebec Protocol’s announcement, published on July 4th, Sypool Protocol will benefit from the partnership as it will gain access to Zebec’s most trusted Multisig Treasury Management. Zebec Multisig is the project’s main service, as it allows managing cryptocurrency in a secure, multi-signatory, multi-token vault. As a result, the project allows its users and clients to stream funds on a per-second basis, with the ability to pause, resume, and cancel the payroll whenever they wish.
As for what tokens can be managed in such a way — the Zebec treasury management covers all SPL tokens. However, Zebec is focused on more than just sending and receiving money. Its platform is also uniquely positioned to create a number of additional products and offer new services, such as Automated Dollar Cost Averaging, Yield Farming, Crypto IRA & 401k Accounts, and even free fiat on-ramp and off-ramp services, using the ACH transfer, which allows users to transfer their regular bank accounts with no fee.
Zebec is also planning to roll out its own custom metal debit card, which is something that the project is planning to enable in the near future, although no exact date has been given thus far.
Sypool delves deeper into asset management
Sypool made its own announcement of the partnership, although it did not go into the details of its plans for the new technology that it now has access to. The project described itself as an asset management protocol with quantitative trading, which is only one of its main products. The project has an experienced team that has delivered a great performance in the quantitative trading sector, and they have adapted their past experiences to the crypto market.
Next, it is also worth noting that, less than a week ago, on June 29th, Sypool also entered a strategic cooperation with BitWell Labs. The goal of this partnership is to jointly build asset management and a decentralized protocol security system.
BitWell Labs itself is a venture capital and incubation department of BitWell, which is the world’s leading growth asset trading platform. BitWell noted that both sides will carry out “comprehensive cooperation in asset management, institutionalized investment vehicles, marketing, and operations.”
Unfortunately, the partnership announcement did not help protect either the Zebec protocol or Sypool from the harsh bear market environment. Zebec has been seeing a continuous price drop since mid-April, while Sypool, which is an older protocol, has been seeing a price drop since the start of the bear market back in November 2021.
To learn more visit our Investing in Zebec Protocol guide.
Ali is a freelance writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC.