Magnety is an asset management system allowing anyone, such as investment groups, DAOs, or individuals to get the most out of DeFi on Starknet & Ethereum through an easy-to-use platform.
The protocol will help you to create a highly customizable vault based on the investment strategy of your choice. Using Magnety Vaults, users can build, scale and monetize investment strategies using DeFi protocols included in the platform. Investors can send their assets in these Vaults in a non-custodial & trustless way.
We believe that ZK-Rollups is the future of Ethereum and Starknet is the most relevant one, it brings massive scalability while preserving L1 security, decentralization, and permissionless interactions. In addition, it allows interoperability between L2 and L1, which provides many opportunities for L2 protocols.
Starknet offers low fees, which allows vault managers to perform many transactions at a low cost. It will attract new players to Magnety such as short-term speculators like scalpers, daytraders, or trading bot creators (arbitration, grid trading..). Moreover, the vault creation involves the deployment of a new contract and would be too expensive on L1.
Magnety cannot be effective without a strong DeFi ecosystem on Starknet. Fortunately, innovative DeFi protocols are being built and giants are coming like AAVE or MakerDAO.