Archives June 2023

ICRI and Aakash Hospital Collaborate to Drive Excellence in Allied Healthcare Education

NEW DELHI 16th June 2023 ICRI, Preparing You for Careers of Tomorrow, is proud to announce its latest partnership with Aakash Super Speciality Hospital, a renowned medical institution, to offer advanced training programs in BSc Radiology and BSc Medical Lab Technology (MLT). This alliance aims to provide students with comprehensive industry-oriented education and equip them with the necessary skills to excel in their careers.

Under this collaboration, students will have the opportunity to receive training from expert medical professionals who specialize in their respective fields. Upon successful completion of the program, ICRI students pursuing BSc Radiology and MLT will be eligible for recruitment by Aakash Hospital, opening doors to promising career opportunities in the healthcare industry.ICRI’s unique teaching methodology, focusing on 360-degree student development, sets it apart from others in the industry. With its institution-hospital collaboration, ICRI ensures real-time skill development for students right from day one.

BSc in Medical Laboratory Technology (MLT) is a 3.6 years undergraduate program that focuses on the diagnosis and prevention of diseases through clinical laboratory investigations. As a crucial allied health profession, medical technologists play a vital role in accurate diagnoses and the efficient functioning of biochemical laboratories.India currently faces a shortage of healthcare professionals, with a demand for 65 lakh professionals while only having a present task force of 2 lakh. ICRI bridges this gap by equipping students with the necessary skills and knowledge to meet the industry demand.

Meanwhile, BSc in Radiography and Imaging Technology is a highly sought-after course in the allied healthcare industry. Over three years and six semesters, students are trained in various aspects such as clinical radiography, radiation safety, image processing technology, and imaging modalities. This program caters to the growing demand for well-trained radiology technologists in hospitals, clinics, and physicians’ offices.With the healthcare sector being one of the largest employers in India, ICRI provides guidance under senior doctors and practitioners, preparing students for promising career opportunities in this thriving field.

Commenting on the alliance, Dr. Aashish Chaudhry, Managing Director of Aakash Hospital, expressed his excitement, stating, “Aakash Healthcare is delighted to partner with ICRI, an institution focused on futuristic programs through their unique university-industry partnership model. We are committed to providing extensive practical training to BSc Radiology and MLT students, nurturing them into highly skilled professionals in these domains.”

Kanishk Dugal, Chief Operating Officer (COO) of ICRI, shared his enthusiasm about the collaboration, saying, “We are pleased to collaborate with Aakash Hospital, a top-tier multi-specialty institution. Our students will benefit from practical exposure and job training with state-of-the-art technology, enriching their learning experience and preparing them for the challenges of their future careers. At ICRI, we are dedicated to nurturing our students in an environment that fosters knowledge acquisition and the development of essential skills.”

The alliance between ICRI and Aakash Super Speciality Hospital marks a significant milestone in the field of allied healthcare education. Through this collaboration, aspiring healthcare professionals will receive comprehensive training and exposure to the latest industry practices, ensuring their readiness to make a meaningful impact in the healthcare sector.

Chicco India Launches Summer Collection’23

Chicco India

Summer is the time for kids to run around, play, and have fun. It is also important to make sure they’re dressed appropriately for this hot weather. Chicco, a leading brand in baby care has launched their new and exclusive summer collection for infants and toddlers. The collection has everything needed for kids to look stylish and feel comfortable this season.

Their clothing is made in high-quality fabrics, attractive colors and eye-catching designs to adorn your little ones. Kids need to be able to move freely and be comfortable in their clothes, therefore Chicco always chooses fabrics that are breathable and lightweight. Chicco produces garments that are made from sustainable cotton and comply with OEKO-TEX international standards. These clothes are perfectly suited for the sensitive skin of children. This stylish range of apparel made from organic cotton exhibits Chicco’s commitment to sustainable fashion. The collection has been designed to take into account the diverse needs of each age group of children (3 months – 5 years).

From bodysuits, t-shirts, rompers, and trousers to dresses in bright, vibrant hues, everything is awesome about Chicco new summer collection.The range has been designed paying great attention to quality, comfort and styling.

Manali, Goa, Chennai, and Ooty are the most searched destinations in India, as inDrive.Outstation revealed

inDrive.

16th June 2023 India: As the vacation season is here, the allure of intercity travel grows stronger. Manali, Goa, Chennai, and Ooty are some of the most searched and top destinations Indians search for on the Internet, as inDrive.Outstation revealed. The app’s statistics also revealed that Mountain retreats like Manali and Shimla are particularly popular destinations among residents of big cities such as Delhi, Chandigarh, and Ludhiana, with a 20% increase in car travel orders to these locations from May to the end of July.

inDrive.Outstation found out the top most popular destinations searched by Indians on the Internet. Some of them appeared to be great holiday and leisure locations:

Manali: A hill station and a major destination for North and mid-India.It is also a mountain escape in the Himalayas, captivating travelers with its scenic beauty.

Goa: A delightful leisure destination renowned for its beaches, vibrant nightlife, and charming Portuguese influence.

Chennai: a city steeped in heritage and adorned with magnificent temples.

Ooty: a tranquil resort town nestled in the Western Ghats mountains of Tamil Nadu, known for its tea plantations and colonial ambiance.

When it comes to active travelers using inDrive.Outstation, residents from cities like Ludhiana, Lucknow, Kanpur, Mumbai, Pune and Delhi NCR are leading the way. These individuals are embarking on exciting intercity trips, exploring new horizons or visiting their beloved ones in other cities of the country.

The timing of car travel preferences among Indians also varies depending on the occasion. Besides the apparent increase in trips during the summer, Diwali Month sees a notable up to 30% surge in travel orders in North India as the celebratory spirit enhances the desire to embark on journeys. Additionally, during Christmas and New Year, there is also an expected increase in trips.

When it comes to journey length, inDrive.Outstation has facilitated some remarkable trips. The longest trip ever taken covered an astounding distance of 1,400 kilometers, connecting the cities of Delhi and Mumbai. Such lengthy journeys confirm that car trips between cities can be a viable alternative to trains or even planes.

On average, travelers enjoy delightful journeys lasting approximately 2.5 hours, covering distances of around 100-150 kilometers. This highlights the accessibility and efficiency of car hailing trips, providing travelers with seamless transportation experiences.

“inDrive.Outstation is a service dedicated to organizing intercity trips in a fast and fair way as passengers can set their own price for a trip. And we saw that, with a wide range of popular destinations and varying travel preferences, inDrive.Outstation continues to be the go-to choice for Indian travelers seeking memorable and hassle-free intercity trips. We’re happy to help citizens make their summer season convenient and delightful, and we’re constantly working on better user experience . For example, we recently launched a web version of our service so our users can easily plan and book a car for their intercity trip on their home computers, laptops or on mobile devices right in browsers.” said Aakar Kumar, South Asia Business Development Specialist, inDrive.Outstation

Python: Empowering Minds and Turning Ideas into Reality in the World of AI

Python

“Python and artificial intelligence have a close relationship that is similar to a harmonious duet of reason and imagination. Python, a general-purpose programming language, has been the foundation for innumerable developments in AI, encouraging creativity and fostering the industry’s expansion. Python enables academics, engineers, and data scientists to unravel the intricate web of AI thanks to its clarity and readability. TensorFlow, PyTorch, and sci-kit-learn are just a few of the many libraries and frameworks in its enormous ecosystem that offer strong tools for quickly creating and deploying AI models.

AI development is iterative, Python’s expressive syntax and dynamic nature support flexible exploration and quick prototyping. Its object-oriented approach makes it easier to organize and abstract modular code, which promotes the extensibility and maintainability of AI systems. Python’s rich libraries allow programmers to take advantage of current solutions and hasten the development of AI. These solutions range from machine learning techniques to natural language processing and computer vision. The thriving Python community actively disseminates information, experience, and open-source projects, encouraging cooperation and group advancement in the field of AI. Python’s adaptability extends beyond conventional AI fields and into cutting-edge areas like explainable AI, generative adversarial networks, and reinforcement learning. For AI researchers, it acts as a common language, facilitating cross-disciplinary cooperation and the incorporation of various AI methodologies. Python continues to be the language of choice in the constantly changing field of artificial intelligence, enabling the AI community to push the envelope, open up new opportunities, and influence the direction of
intelligent systems.

Priya Sengar, Co-founder of NICS Technology says he flexible programming language Python serves as the throbbing heart of artificial intelligence, coordinating its wonders. Python gives programmers the tools they need to harness the enormous potential of AI thanks to its clear syntax and large library. Python allows us to enter a world where algorithms come to life, data reveals its secrets, and computers are taught to sense the environment and make decisions. Python’s significance is increased by its smooth compatibility with well-known AI frameworks like TensorFlow and PyTorch, which enables us to develop intelligent systems that transform industries and influence our future. In this potent combination, Python transforms becomes the language of creativity, allowing us to unleash AI’s limitless potential and unveil its mysteries.

IIMB welcomes a record number of 531 students to PGP & 75 to PGP in Business Analytics

IIMB welcomes

16th June 2023, Bengaluru: IIM Bangalore welcomed the new batch of students to its two-year fulltime MBA programs: Post Graduate Programme in Management (PGP) and the Post Graduate Programme in Business Analytics (PGP-BA), 2023-2025 batch, with an inauguration program on 12th June 2023. This year has a record number of students joining the cohort, with 531 gaining admission into the PGP and 75 joining the PGP in Business Analytics. The orientation program will be conducted from 13th to 17th June 2023.
Batch profile

Prof. Ashis Mishra, former Chairperson, Admissions & Financial Aid, and faculty in the Marketing area of IIMB, discussed the batch details. “Out of the total 606 students who have gained admission, 531 have joined PGP and 75 have opted for PGP in Business Analytics. A total of 82% are from Engineering background and more than 30% are women students, and that is praiseworthy. The average work experience and average age are 24 months and 24 years, respectively. For Business Analytics, the average work experience is 31 months. I wish you all the best in your demanding journey here with countless activities.”

Distinguished Alumni Awards for 2023

The evening’s event also saw recipients of the Distinguished Alumni Awards (DAA) for 2023 being felicitated, and addresses by the DAA award winners – Ashok Reddy, PGP 1995; Abhijit Roy, PGP 1991, and Samina Bano, PGP 2010. Instituted in 2007, the Distinguished Alumni Awards are given to alumni in recognition of their achievements of exceptional merit and excellence in their chosen field of endeavour – be it industry, management, entrepreneurship, research, academia, or social service. Each awardee receives a citation and her/his name is engraved on the IIMB Wall of Fame.

Special address

The inauguration ceremony featured a keynote address by the Chief Guest and IIMB alumna from the PGP batch of 1995 Rashmi Mohanty, who is currently the Chief Financial Officer, SBI Cards. In a professional career spanning 27 years, she has worked across the banking, non-banking and metal & mining sectors. Her areas of expertise include corporate finance, treasury, investor relations, corporate strategy and risk management. She is a Computer Science engineer from Delhi Institute of Technology (now NSIT) and earned her postgraduate degree from Indian Institute of Management Bangalore.

Sharing her academic journey, especially at IIMB, as well as her career journey, Rashmi Mohanty advised the students that hope and courage are pivotal to success. “Listen, take what resonates and leave the rest behind. This way you can unleash your full potential, go ahead and distinguish yourself and the institute. The academic journey here with its case studies, projects submissions, exams, etc. will challenge you, but it will be well worth it.

“With the wealth of your education at IIMB, expand your mind, find your calling and write the script of your own life. Be accountable for your decisions and do not succumb to peer pressure. Take on projects of your interest…and in all this, look for role models and mentors. Be open to explore.”

She had a special word of advice for the women of the cohort – to break the glass ceiling of gender-based constraints in order to make a difference. “It will be difficult. Make sure your sacrifices are worth it. In case of tough choices, seek guidance and prioritize. And then trust your decision, turn the page and have no regrets.”

She concluded by urging the students to focus on their passion and hobby, which, according to her, should be to keep fit, be creative and to network. “When you are doing what you love, it does not feel like work. So, always keep your passion at the core of what you do. Look after yourself and have fun in the process.”

Welcome addresses

The event also included welcome addresses by Professor Rishikesha T Krishnan, Director, IIM Bangalore, Deans, Programme Chairpersons, etc.

IIMB Director Prof. RT Krishnan, in his welcome address, advised the students to be adaptable on multiple fronts, in order to handle all the changes that businesses are undergoing due to technology and other factors. “We have reviewed our programmes and changes have been incorporated into the curriculum relating to digital, data and ESG. You need to keep track of all the changes happening outside. When needed, ask faculty and peers to help you grasp the changes and track other sources of information. So, prepare yourself for a lifelong journey of learning and change.”

“The programme will help you think, make sense of the data, so engage actively in the class learning process, analyze different situations and use the tools of the MBA programme.”

Calling the students brand ambassadors of IIMB, he said, “Remember the ground rules, read the manual properly. There is no room for compromise on academic integrity. Moreover, there is no room for harassment or discrimination of any kind. Be conscious of your behavior towards others. Study well students, have fun, interact and use all facilities that IIMB has to offer.”

Orientation program to follow

The orientation program from 13th to 17th June will cover interaction of the new students with faculty members and other senior officials (Deans, Chairpersons) of the school regarding introduction to the programmes, learning online, administrative matters, IIMB’s other programmes, activities, centres, committees and facilities, and more. Interaction with alumni groups has been scheduled as well.

Spectrum Metro Redefines Food Experiences in Noida

Spectrum Metro

Spectrum Metro, Noida’s premium commercial destination is excited to announce itself as the ultimate destination for all food enthusiasts. With an impressive lineup of the best food and beverage brands, including Domino’s, Kulhad Biryani, Starbucks, Baskin Robbins, The Waffle Co., Stress-Free Cafe, and many more, Spectrum Metro ensures a multi-cuisine experience like no other.

As the city’s top commercial hub, Spectrum Metro is renowned for its vibrant atmosphere, excellent location, and diverse range of offerings. It has become synonymous with the best food and dining options, providing visitors with a one-stop solution to satisfy their cravings. Spectrum Metro has everything to suit the mood for mouth-watering desserts, delectable international cuisine, or comfort food.

House Candy Blast is a haven for sweet lovers, offering an array of delightful treats that are sure to satisfy any sweet tooth, while Domino’s is a household name for pizza lovers, providing a wide range of pizzas and sides to indulge in. For those craving authentic Indian flavours, Kulhad Biryani, whose aromatic biryanis cooked in traditional clay pots transports you to the streets of India, is a must-visit. Starbucks, the world-famous coffee chain, is ready to serve your favourite coffee or speciality beverage. Baskin Robbins offers a wide variety of ice cream flavours, perfect for cooling off on a hot day.

“Food is an essential part of our lives, and at Spectrum Metro, we understand the importance of offering a wide range of culinary experiences. We are thrilled to be the go-to destination for food lovers, providing them with an unparalleled dining experience. From international chains to local favourites, Spectrum Metro hosts the best food and beverage brands under one roof,” said Mr. Ajendra Singh, VP- Sales & Marketing, Spectrum Metro.

Spectrum Metro continues to innovate and evolve, providing visitors with a dynamic and engaging environment. With its exceptional dining options, it has cemented its position as the ultimate food destination in Noida.

Zicuro Technologies commences global expansion Eyes USD 5 mn revenue by 2025

16th June 2023  Zicuro Technologies Pvt. Ltd., an emerging FinTech company providing back office software solutions for derivatives market participants, and Cosmos Group, a renowned turnkey project company, have entered into an MoU to facilitate the development and enhancement of capital market infrastructure in developing countries.

The partnership between Zicuro Technologies and Cosmos Group brings together their respective expertise and resources to offer comprehensive solutions tailored to the unique needs of developing countries and emerging economies. By combining Zicuro’s deep financial markets understanding and expertise along with Cosmos Group’s international project handling capabilities, the collaboration aims to streamline and modernize the capital market infrastructure, enabling deeper market participation to attract FPI’s in emerging economies.

The collaboration is focusing on countries such as Kenya, Nicaragua, Tanzania, Algeria. It is estimated that each of these economies may present a market potential of USD 50 million and Zicuro is eyeing a 10% market share of approx USD 5 mn by 2025.

Zicuro Technologies Pvt Ltd, has successfully commissioned Custodial Services solutions for one of India’s largest Private Sector Banks in the Gift City. It is at an advanced stage of finalizing similar arrangements with other Private Sector Banks having a presence in the Gift City.

Commenting on the partnership, Mr. Abhishek Bansal, promoter of Zicuro and also founder of Abans Holdings Ltd (NSE: AHL) said, “Expanding into the international market is a significant milestone for Zicuro Technologies. We are delighted to partner with Cosmos Group for our global expansion plans. Indian FinTech companies have emerged as drivers of the Indian Financial Markets and we are taking this expertise to the global stage. The economies in developing companies will be able to strengthen their capital market infrastructure, enabling them to attract investments, foster economic growth, and drive financial inclusion.

Zicuro Technologies, led by visionary entrepreneur Abhishek Bansal, has gained recognition for its secure and comprehensive systems catering to Custodians, brokers, trading desks, and banks. The advanced features offered by Zicuro’s solution, ranging from trading and risk monitoring to regulatory reporting and compliance, provide market participants with a hassle-free experience in trade settlement across various asset classes.

Cosmos Group, an ISO 9001-2015 certified company, brings extensive experience in the design, engineering, procurement, and commissioning of turnkey projects. With specialized divisions managed by dedicated professionals, Cosmos Group has excelled in various sectors, including healthcare, infrastructure development, agriculture, ports, renewable energy, and biofuels. Under the leadership of Mr. Anil K. Agarwal, a respected business veteran, Cosmos Group has a proven track record of integrating with global markets and adhering to international standards

TeamLease extends the frontiers of HR Tech; Launches Paylief, a one-click payroll platform

Bengaluru,15th June 2023 TeamLease HRtech, a leading provider of comprehensive HCM solutions, has launched Paylief, a one-click payroll platform that is part of its end-to-end HCM platform. Paylief allows organizations to efficiently handle their Payroll as a unified SaaS platform. Users can utilize it as an integral part of talent acquisition, workforce management, employee benefits, and legal compliance.

With seamless integration with leading banking platforms, Paylief enables employers to instantly disburse salaries to their employees with a single click. The product boasts numerous features, including user-friendly tax calculators, a mobile-centric interface, employee self-service capabilities, and a comprehensive Document Management System ensuring updated compliance with the latest pan-India statutory regulations.

Paylief’s USP lies in its seamless integration with existing workforce management systems, benefits administration systems, and applicant tracking platforms. This integration positions Paylief as one of the select end-to-end Human Capital Management (HCM) platforms that encompass the entire employee journey, spanning from pre-hire to post-retirement.

Furthermore, Paylief offers high configurability to accommodate compliant salary structures and pay elements across the spectrum, catering to small, medium, and large organisations. The technology stack employed by Paylief is cutting-edge, facilitating differential employee experiences, swift processing, and accurate outputs, all while ensuring full compliance with evolving labor regulations and employee benefits.

Sumit Sabharwal, CEO of TeamLease HR Tech, said, “We are excited to unveil Paylief, our game-changing one-click payroll platform. With Paylief, we’re revolutionising the way organisations handle their payroll, manage their workforce, attract top talent, and ensure compliance—all from a single, user-friendly SaaS platform. Imagine the power of effortlessly disbursing salaries to your hardworking employees with just a simple click! Paylief’s mobile-centric interface, along with its comprehensive Document Management System, keeps you on top of pan-India statutory regulations, ensuring a hassle-free experience. From small startups to large enterprises, Paylief’s versatility and cutting-edge technology make it a go-to solution for all your payroll needs.”

The sectors that this product will most benefit are large enterprises with a geographically spread workforce, small and medium enterprises, telecommunications, financial services, e-commerce, information technology, retail, education, logistics, knowledge, process outsourcing, media and entertainment, travel and hospitality, marketing, advertising, manufacturing and more.

Extra safe wire means extra safe dreams’ – Polycab India introduces heart touching TVC to advocate use of Green Wire for advanced safety

Mumbai, 15th June 2023: India’s leading electrical goods company, Polycab India Limited, aims to change the perception about wires and home safety, with its latest TVC advocating the use of Polycab Green Wire.

The heart-touching ‘Extra Safe Wire means Extra Safe Dreams’ campaign by Polycab continues to build upon the success of its previous campaign launched in October last year, illustrating the brand’s commitment in helping safer future with their solutions. With its latest TVC, the company takes a step forward in emphasizing that wires are not just an electrical solution but a very vital component of every household that can ensure our safety today and for generations to come. The TVC, conceptualized by Ogilvy, takes a slice of life and through a simple story depicts the importance of safe wire in our lives. By encouraging consumers to dream big while prioritizing safety, this new TVC seamlessly carries forward the brand’s mission to educate and inspire modern-day consumers about the extended value proposition of wires and cables.

The film revolves around a pregnant woman, her husband and an electrician who are setting up their nursery in anticipation of the child. While the to-be mother is worrying about the child, the husband is seen calmly working along with the electrician to fix the nursery’s wiring. The wife playfully complains about his lack of input regarding their baby’s future, to which the husband, smiles and illuminates the` room, hinting at how he was busy securing the future of their child. He finds the most charming way to reassure her, making her believe that the child’s future is not just safe but magical too. The TVC comes to an end with the appearance of Polycab’s Green Wires alongside a voiceover, emphasizing their extra safety and urging viewers to safeguard their loved ones’ dreams.

Nilesh Malani,

Nilesh Malani, Chief Marketing Officer Polycab India Ltd. commented, “Polycab India is unmatched leader in the wires and cables segment and has attained wide acclamation all these years. We understand that wires often go unnoticed despite being the backbone of every electrical system. It’s a low involvement category, but a crucial one. That’s why this campaign, crafted in collaboration with Ogilvy, attempts to strike an emotional chord. New parents are always concerned about their child’s future, and through this campaign, we aim to connect with our audience on a profound level, highlighting the significance of Polycab’s Green Wire in ensuring a safe and secure environment for their precious little ones. Polycab Green Wire comes with 5-in-1 Green shield technology, delivers fire safety, energy efficiency, is ecofriendly and also offers shock protection. We strive to ensure that Polycab Green Wire upholds our commitment to maintaining a strong connection with our valued customers.”

Sukesh Nayak Chief Creative Officer Ogilvy India said, “Through this campaign, we delve into the realm of dreams, showcasing the limitless possibilities they hold. Polycab’s extra safe green wires play a vital role in shaping these dreams, effortlessly connecting and empowering us. The simple narrative touches an emotional chord with the consumers and demands their attention to pay heed to the wiring they use at home.”

Polycab’s Extra safe wires mean extra safe dreams film will telecast across news channels along with Polycab India’s social media handles.

Team Credits:

Brand: Polycab India Ltd.

Client Team

  • Nilesh Malani: Chief Marketing Officer
  • Rajashekhar Reddy: Vice President – Marketing | Wires and Cables
  • Aman Mahadeshwar: Assistant General Manager – Marketing | Wires and Switchgears
  • Tanushree Jain: Assistant Vice President | Digital, Mass Media & Research

Agency Team Creative:

  • Sukesh Nayak: Chief Creative Officer – Ogilvy India
  • Vivek Verma: Sr. CD
  • Prasad Kulkarni Sr. CD

Account Management:

  • VR Rajesh: Group President – Ogilvy India
  • Haripriya Mark: Client Services Director

Strategy:

  • Prem Narayan: Chief Strategy Officer – Ogilvy India
  • Samhita Choudhary: Vice President

Production House

  • Purple Vishnu Films
  • Director: Sainath Choudhury
  • Producer: Unnati Agarwal

Polygon backed Davos Protocol’s TVL surpasses INR 10Cr in just 2 months

15th June 2023 – Davos Protocol, a Polygon-backed homegrown DeFi ecosystem, has unveiled DUSD, an inflation-proof stablecoin with sustainable yield opportunities. This decentralized stablecoin differentiates itself through transparency and decentralization, backed by various crypto assets managed on-chain. In just two months since its soft launch, the protocol has achieved a significant milestone with Total Value Locked (TVL) exceeding INR 10,00,00,000.

Davos Protocol addresses the limitations of existing stablecoin models by leveraging recent crypto industry advancements. The DUSD stablecoin is collateralized by Liquid Staking Tokens (LSTs), ensuring stability by preventing the collateral’s value from falling below the stable asset value, in contrast to algorithmic stablecoins that face inherent risks.

Decentralized governance, driven by DGT tokens, manages yield-generation activities such as interest rates, fees, and liquidity. DGT tokens, along with the DUSD stablecoin, form Davos Protocol’s dual token model. The advanced vote-escrow model (veModel) optimizes governance parameters, giving veDGT holders voting power based on the number of DGT tokens locked on Balanced liquidity pools.

Varun Satyam,

Varun Satyam, CEO and Co-founder of Davos Protocol highlights the distinguishing feature of DUSD: “With Davos Protocol, we aim to build a stablecoin mechanism which is immune to any market conditions. By offering the DUSD stablecoin to mitigate crypto volatility while providing sustainable yields, Davos Protocol aims to minimize risks associated with DeFi and make it more accessible to retail.”

Davos Protocol utilises Liquid Staking Tokens (LSTs) as collateral for DUSD. Users stake MATIC LST, ETH LST, and ETH LST LPs to borrow DUSD at attractive interest rates. This collateral not only secures the stablecoin but also generates yields from native tokens staked on liquidity-staking PoS protocols, promoting capital efficiency and protecting against inflation.

The Peg Stability Module (PSM) allows users to exchange DUSD with other stablecoins at a 1:1 ratio, maintaining a stable peg. Yield distribution among stakeholders is determined by the Davos Governance Council, comprising veDGT holders with voting rights.

Davos Protocol aims to reshape the future of DeFi by combining elements of traditional finance (TradFi) and DeFi. The DUSD stablecoin provides an inflation-proof alternative, offering returns that surpass inflation through reasonable borrowing rates, yield farming, and LST collateral rewards.