On June 3rd, NZDS was the latest asset to be added to the emerging DeFi protocol DeFi Basket. DeFi basket is designed to make it easy to create and manage a crypto portfolio. In a single transaction, users can create or invest in portfolios that offer exposure to multiple assets across the DeFi space.
DeFi Basket is unique from other products in the space because it allows portfolios with yield-bearing assets to be included in the portfolio. This means it’s not just NZDS that is included on the platform, but also 2nzd, the yield-bearing LP token that represents shared ownership of the NZDS/jNZD pool on Curve.
If a user wants to include 2nzd in their portfolio, DeFi Basket will first purchase NZDS and then deposit it into the Curve pool to earn LP rewards.
Additionally, DeFi Basket can tap into aggregators and Compounders like Harvest, allowing an extra layer of yield and piggybacking.
An example of a portfolio already launched on DeFiBasket that already contains NZDS is portfolio #412. If a user deposits USDC into portfolio #412, they gain exposure to 5 yield-bearing LP tokens — jNZD/NZDS, jCAD/CADC, jSGD/XSGD, jJPY/JPYC, and agEUR/jEUR.