Valkyrie starts on-chain Defi Fund next week-
Valkyrie starts on-chain Defi Fund next week-
Valkyrie Investments, one of the largest asset managers for cryptocurrencies, has announced that they will launch a so-called on-chain defin fund next week. This new fund would differ significantly from other similar offers due to the location of the assets that are available in several protocols to achieve returns. $ 100 million have already been provided for this initiative.
Valkyrie debut Auf-Chain Defi-Fonds
Valkyrie Investments has announced yesterday's laying on their first on-chain defin fund that will hold a portfolio of defi blue chips. The difference between this fund and similar offers is in the location of its funds. While other medium to be passively pursued, Valkyrie suggests that the asset suggests to keep in the chain. This means that you can use them to achieve earnings and passive income by positioning these assets in different protocols.
Wes Cowan, Defi Managing Director of Valkyrie, said:
This enables us to participate in the upward trend and at the same time achieve additional returns from lending, liquidity pools, agriculture and participation in the defi ecosystem. We receive the increase in value plus the composite return that is generated from the defi participation in the chain.
The fund will begin with $ 100 million that come from several investors and the company's complementary ones.
Exotic chips and stable coins
The decentralized financial environment is a large and diverse movement that is present in several cryptocurrency chains. While other investors mostly invest in established protocols such as Ethereum, Valkyrie's proposal seems to be more adventurous. Cowan confirmed this when he listed the chains in which this fund would like to invest. Cowan explained:
We see many options on blockchains, including Ethereum, Avalanche, Solana, Binance Smart Chain, Matic and Fantom.
Although this mention may not mean that you will invest in native tokens in these environments, the mention of some of these options is interesting and proof of the growth of some of these chains. However, the composition of the portfolio, which tokens and in what ratio they are kept, has not yet been determined.
cowen admitted that stable coins could play an important role in the portfolio and added:
Even if you are in stablecoins, you will always be used in the chain to achieve return.
The laying of this fund could trigger a trend that inspires other actors to use their assets in the chain to achieve returns from positioning, but he also brings new risks for those investing in the funds.
What do you think of this new on-chain defin fund from Valkyrie? Tell us in the comment area below.
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