Spool is permissionless middleware that allows users and builders to access DeFi in a fully composable manner. It lays the foundation for a customizable, scalable, and efficient financial services ecosystem that bridges the gap between end users and DeFi primitives. Spool unlocks currently dormant capital and allows anyone to earn yield on their own terms while fueling DeFi primitives with more reliable and predictable liquidity.

Key Features of Spool:

• Decentralized Middleware. Spool is an open-ended tool. Create custom strategies and seamlessly integrate them in your DeFi applications via the Spool SDK.
• Fully Composable. Select as few or as many DeFi protocols as desired and assign a Risk Preference to your Spool.
• Programmable Risk. Select from established Risk Profiles or create your own and present it to the DAO, where your Risk Model can be chosen by Spool Creators, earning you performance fees.
• Fully Automated. Intelligent algorithms dynamically rebalance portfolio weighting according to input parameters.
• Permissionless & Non-Custodial. 100% Smart Contract- based, funds never enter centralised custody.
• Earn Fees as a Spool Creator. Create Spools with a custom strategy for your DeFi app and set fees accordingly. Fees will only be generated from earned yield.

Spool Token (SPOOL) serves as a DAO governance and incentive token and is used for voting on improvement proposals, incentive payouts, risk model proposals, and the management of the DAO Treasury.