With the Spool team officially on the ground, or should that be water, we’re excited to bring you the latest and greatest from what promises to be the hottest blockchain event of the year — Dubai Blockchain Week! The first day is already behind us, and we’re halfway through the Blockchain Life 2024 conference.
Blockchain Life 2024 brings together industry leaders, innovators, and blockchain enthusiasts from around the world for an eventful range of panels and keynote speeches. Topics range from cracking the code on wider industry adoption to navigating the persistent regulatory challenges facing blockchain technology today.
The UAE’s Vision for Web3
Why is the UAE so firmly focused on Web3 adoption in the first place?
Much like the upcoming Token 2049 event, the groundwork is being laid for something massive that will defy all expectations and predictions.
The UAE’s proactive approach to fostering Web3 innovation and creating a supportive regulatory environment is setting the stage for the next generation of DeFi tools and applications. This forward-thinking mindset aligns perfectly with Spool’s mission to build the infrastructure needed to support the future of DeFi.
One insightful panel revealed the UAE’s ambitious plans for embracing Web3 technologies. In a fireside chat, Mohammad AlBlooshi, CEO of DIFC Innovation Hub, discussed the country’s vision for fostering innovation and becoming a global hub for blockchain and Web3 businesses.
Meanwhile, a panel featuring Dr. Sameer Al Ansari, CEO of RAK Digital Assets Oasis, and Arushi Goel, Policy Lead at Chainalysis, highlighted the UAE’s proactive approach to regulation and recent achievements in the Web3 space.
UAE Helping Navigate Regulatory Challenges
More yield is always the goal, but regulatory compliance takes precedence at the end of the day. As jurisdictions like the UAE provide greater regulatory clarity, the importance of proactive compliance becomes increasingly apparent.
Spool’s compliance-focused design and full compliance in multiple jurisdictions, including Europe’s upcoming MiCAR and MiFID II legislation, help users participate in DeFi strategies while adhering to relevant regulations.
This proactive approach provides peace of mind for users but enables Spool to offer a broader range of products and services, such as Gated Vaults and Multi-Asset Vaults.
The Shard Summit
The Shard Summit took place in Dubai’s Museum of the Future on Day 1 of Dubai Blockchain Week, helping frame how the UAE thinks about the future of blockchain and Web3.
Spool and the UAE are on the same page here — freedom to experiment is as important as having a stalwart partner when things start scaling fast.
The UAE is a good choice for accommodating regulations.
But when it comes to DeFi infrastructure, there’s no better option than Spool.
By making DeFi accessible again on Ethereum, we’re at the forefront of building the tools and infrastructure needed to support DeFi’s future.
Exciting Days Ahead
Dubai Blockchain Week is already off to a blockbuster start, showcasing the technology’s incredible potential and the UAE’s emerging global leader in Web3 innovation and regulation.
And it’s only the first day! Day 2 is poised to offer even more action:
- Blockchain Life 2024 Day 2
- Global Blockchain Show Dubai kicks off
- RWA Unwind with Polytrade for real-world assets
- And The Blockchain Life Afterparty will wind down after another day full of action!
We’re excited to share more announcements, insights, and thought-provoking discussions as the event continues.
See you soon! 👋
About Spool & DeFi on Ethereum
If the future of finance is on blockchain rails, access is a core pillar of fairness. High Ethereum fees have made it difficult for many users to participate in the ecosystem without breaking the bank, and executing complex strategies can be prohibitively expensive due to the numerous transactions required.
Enter Spool, which offers a comprehensive DeFi platform that empowers users to create custom yield generation strategies tailored to their risk appetites and investment goals. It also makes DeFi accessible again by significantly reducing fees on the Ethereum mainnet.
Spool’s innovative “Do Hard Work” (DHW) function bundles multiple transactions into a single operation, dramatically reducing the cost of executing complex strategies. Users can save a substantial amount of money on fees by using a Spool Vault while still participating in the DeFi ecosystem on Ethereum.
In true DeFi fashion, anyone can use Spool. Simply connect your wallet, create your Vault, deposit your assets, and start earning yield on your strategies!
Find us in Dubai to learn how we can help you get a jump start with your yield.
Spool.fi is a permissionless DeFi platform that connects Capital Aggregators with DeFi Yield Generators. Funds are dynamically and efficiently allocated to ensure optimized yields, for custom strategies, managed by DAO-curated Risk Models.
Spool was established as a DAO, with a selection of founding contributors representing a diverse cross-section of the blockchain community.
