Wool

The prevailing AHV pension system faces formidable challenges, threatening to deprive the younger generation of a stable retirement. Amid rising retirement ages and symptomatic reforms, the future of pensions remains uncertain. However, technological advancements present a unique opportunity to address this issue holistically.

Introducing Wool, an innovative 3rd pillar pension solution harnessing blockchain technology to provide a speculation-resistant alternative to conventional retirement funds. By leveraging decentralized lending/borrowing protocols, such as Aave and Compound, Wool facilitates lending of liquidity through stablecoins, garnering interest in return. This system's robustness is underscored by overcollateralization and transaction processing via secure smart contracts.

A notable advantage is the competitive nature of these protocols. They vie for liquidity by offering varying interest rates, which we capitalize on to assure clients a consistent rate of return. Empirical research indicates an average yield of 8%, with 5% directly benefiting the client, while the remaining 3% caters to operational expenses. This approach not only promises financial security for retirees but also aligns with the evolving digital landscape, bridging the gap between technology and quality of life in retirement.