Pickle Finance is One of the hottest new types of applications being developed in the DeFi space at the moment are on-chain asset management protocols. As more and more applications join the DeFi space everyday the number of good investment opportunities rises exponentially.
This abundance of opportunities because there is good money which helps to attract new people into DeFi and experience the magic of Web3. However, investors have to constantly scan the market and chase the highest DeFi lending rates themselves which is both time and resource expensive as every transaction on the Ethereum network incurs transaction fees. The average investor just wants to invest once and let the money work.
This is what Pickle.Finance and other DeFi asset management protocols do. Pickle’s mission is to be your one-stop shop for maximizing your returns in crypto with the lowest amount of effort. User funds are pooled in smart contracts which have automated strategies to put those funds to productive use and get higher returns than one would by simply putting money into a lending protocol.