This hedge fund is raising millions to trade DeFi tokens like YFI and LEND

2020-9-26 22:00

A crypto-focused hedge fund is now accepting investors and raising funds for the launch of an algorithmic hedge fund to generate profits from the rapidly growing decentralized finance (DeFi) market, as per a release.

DeFi: Where the party is at

Panxora, the fund, will start trading on 2 November 2020. The move comes after the burgeoning DeFi market has ballooned to billions of dollars starting June this year, leading to investors from both the crypto and traditional markets to take notice.

The Cayman Islands-based DeFi Fund will both manage the volatility associated with digital tokens and seek to profit from their price movements. Making this possible would be a proprietary trading bot that uses artificial intelligence (AI) to predict prices and place trades based on those opportunities.

Pandora said its models have been used to profitably trade cryptocurrency since 2017. They will now be used to identify and trade a variable basket of up to 20 of the most liquid DeFi tokens.

Gavin Smith, the managing partner at Panxora, said in a statement:

“While the DeFi market has grown significantly this year, we believe that this market is in the earliest possible stages.”

He added the potential of the DeFi market is “so great that what we are experiencing now is just the first of many dynamic moves upwards over coming months and years.”

Ethereum leading DeFi activity

The overall DeFi market has grown over 400% since January of this year alone, noted Panxora. Investors have mainly been “excited” about the use of blockchain to disrupt financial services and instruments in a trustless manner while using truly peer-to-peer trading exchanges like Uniswap.

CryptoSlate’s DeFi page backs the sentiment. In the past month alone, the DeFi market has grown to over $11.95 billion and is now worth over 3.56% of the entire cryptocurrency market. Investors stood to lose -10.31%  in the past week, and 8.25% in the past day if thier portfolio consisted of just DeFi tokens.

Image: CryptoSlate DeFi page

Ethereum’s the leader in this segment. Almost all the top-15 DeFi tokens are all based on the decentralized world computer, with only SushiSwap operating on its own blockchain.

And for some, a combination of such factors means outsized opportunity.

The post This hedge fund is raising millions to trade DeFi tokens like YFI and LEND appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Smart Investment Fund Token (SIFT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SIFT

hedge fund defi raising profits algorithmic rapidly

Источник: cryptoslate.com

hedge fund → Результатов: 126


Фото:

Research: 1 of 5 New Hedge Funds in 2018 Is a Crypto Fund

New research shows that one out of five hedge funds launched thus far this year has been a cryptocurrency-focused hedge fund. This is a surprising statistic in light of the 2018 bear market, but it may indicate that managers and investors are still optimistic about the long-term outlook and want to capitalize on current low […] The post Research: 1 of 5 New Hedge Funds in 2018 Is a Crypto Fund appeared first on Bitcoin News.

2018-10-16 19:30


Фото:

Billionaire Steven Cohen backs Crypto! Blockchain Hedge fund according to Bloomberg report

Billionaire Steven Cohen, the founder of Point72 Asset Management, is reportedly backing a crypto and blockchain-focused hedge fund, Bloomberg reports Friday, July 13. Cohen invested in Arianna Simpson’s cryptocurrency hedge fund, Autonomous Partners, via his private equity firm Cohen Private Ventures, according to Bloomberg’s anonymous source.

2018-7-13 18:17


Миллиардер Стивен Коэн инвестировал в криптовалютный хедж-фонд Autonomous Partners

Компания финансиста Стивена Коэна Cohen Private Ventures инвестировала в хедж-фонд Autonomous Partners, ориентирующийся на криптовалютные и блокчейн-компании. Сумма сделки не разглашается. Billionaire Steven Cohen invests in crypto hedge fund https://t.

2018-7-13 11:28


How Much Gold Is Left In Yukon?

Bernie Kreft, prospector and reality TV show star, “Yukon Gold,” weighs in on the Yukon’s potential for miners, especially placer gold mining.   Q2 hedge fund letters, conference, scoops etc istara / Pixabay How Much Placer Gold Remains? Transcript Welcome to come news Niels Christiansen and we’re here at the Yukon mining investor conference. I’m […]

2018-7-8 05:59


Proposal In Spanish Parliament To Introduce Blockchain To Improve Governance

In the wake of today’s news that a major political party in Spain has submitted a blockchain-related proposal to the Spanish Parliament. The proposal recommends that the government introduce blockchain to improve governance “with the aim of improving internal processes and [providing] traceability, robustness and transparency in decision making”.

2018-7-6 14:34


European Banks Completed The First Live Blockchain-Based Financial Trades [Experts React]

The news broke this morning that a group of European banks has completed the first live blockchain-based financial trades across borders via their jointly developed we.trade blockchain platform. Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid? Julius_Silver / Pixabay Built on IBM’s Blockchain Platform and its Hyperledger […]

2018-7-4 08:16


Hedge Fund Bullish on EOS and Ethereum, Bearish on Ripple and Litecoin

Austin-based cryptocurrency hedge fund Multicoin Capital is long Ethereum as well as EOS while short both Litecoin and Ripple’s XRP. Backed by Andreessen Horowitz’s Marc Andreessen and Union Square Venture’s Chris Dixon among others, the $75 million fund is defending its most significant position: EOS, a currency that raised $4 billion through an ICO last month […] Hedge Fund Bullish on EOS and Ethereum, Bearish on Ripple and Litecoin was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-3 01:24


Santa Fe Institute – Research Problems In Blockchain And Ethereum

Seminar from Santa Fe Institute in which Virgil Griffith, research scientist for Ethereum, discusses research problems in Blockchain and Ethereum.   Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid? Virgil Griffith, Ethereum – Research Problems in Blockchain and Ethereum Transcript But are you sure that that’s the […]

2018-6-30 19:23


From Crypto To Interest Rates: A Sentiment Analysis Of Q1 2018 Earnings Calls

Today we published our quarterly Sentiment Analysis Report, which summarizes last quarter’s top keyword searches and provides detailed sentiment analysis across all industries. We used Sentieo’s Transcript Sentiment Analysis feature to analyze earnings call transcripts and discover which topics companies discussed the most last quarter, versus the same quarter in 2017. [timeless] Q1 hedge fund […]

2018-6-30 09:23


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto startups secure $691 million in venture capital during September

Venture capital (VC) funds invested over $659 million in crypto startups last month, representing a 3% increase compared to August, according to DefiLlama data. The blockchain gaming sector grew for the second consecutive month, with VC funds pouring $63 million into blockchain titles, marking a 32% monthly growth.

Is Bitcoin Mining Worth It?

Crypto Fundamentals: A quick guide on how to calculate your costs, ROI and potential profitability to see if Bitcoin mining is worth it for you. The post Is Bitcoin Mining Worth It? appeared first on CoinCentral.

VC funding for crypto startups soars to $634M in August

Venture capital (VC) funds invested $634 million in crypto startups in August — up 15% from July, based on DefiLlama data. Projects focusing on blockchain infrastructure secured nearly $460 million in funding, accounting for 72% of the total raised by crypto startups last month.

Web3 gaming platform Sandbox drops valuation by $3 billion as it raises $20 million

The Sandbox, a subsidiary of Animoca Brands, has announced a $20 million funding round at a $1 billion valuation cap aimed at expanding its creator economy within the open metaverse. This strategic funding, led by Kingsway Capital and Animoca Brands with participation from LG Tech Ventures and True Global Ventures, will support The Sandbox’s vision […] The post Web3 gaming platform Sandbox drops valuation by $3 billion as it raises $20 million appeared first on CryptoSlate.