Velvet Capital seems interesting as another way to manage DeFi holdings, but I'm not sure I would use their services instead of managing the work myself. Other users may find it useful? However, $390K of locked assets is very little, maybe the market is saying "no thank you". It's not that there is anything wrong, its that I feel there is no real innovation. I can manage liquidity pool myself, I can use P2P lending myself, I'm not sure what I would be getting from Velvet that I cannot simply do by myself.
The website seems to aim at institutional users, but $390K of locked assets from 1628 users is clearly not any institutional users. Maybe it is just too early and the project will be able to close a few big whales soon, if not, then it may just be unviable commercially during the bear market. My suggestion would be to try to find something more innovative to attract users which truly solve a big problem for them. Maybe forget about institutional users, their decision time is too slow. Show Less
