Valkyrie Investments, one of the biggest cryptocurrency asset managers, has announced it will launch a so-called on-chain defi fund next week. This new fund would be substantially different than other, similar offerings, due to the location of the assets that will be available to earn yield in several protocols. $100 million has already been put up for this initiative.
Valkyrie Debuts On-Chain Defi Fund
Valkyrie Investments has announced the launch of their first on-chain defi fund yesterday, which will hold a portfolio of defi blue chips. The difference between this fund and similar offerings lies in the location of its funds. While other funds track the prices of assets passively, Valkyrie is proposing to hold the assets on-chain. This means that they will be able to use them to earn yield and passive income from positioning these assets in different protocols.
Wes Cowan, Valkyrie’s managing director of defi, stated:
This allows us to participate in the upside while also gain
We współpracy z: https://news.bitcoin.com/valkyrie-will-launch-on-chain-defi-fund-next-week/
