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DeFi Technologies Inc N.DEFI

Alternate Symbol(s):  DEFTF

DeFi Technologies Inc. is a financial technology company that pioneers the convergence of traditional capital markets with decentralized finance (DeFi). The Company is focused on Web3 technologies. Its business lines include Asset Management, Infrastructure, Ventures, DeFi Alpha, Research and Stillman Digital. In the asset management business, the Company, through its subsidiaries, Valour Inc. and Valour Digital Securities Limited, issues exchange traded products that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. In infrastructure business, it participates in decentralized blockchain networks by processing data transactions from nodes based in Europe and the Middle East. Its ventures business includes making early-stage investments in companies, banks and foundations in the digital asset space. Its DeFi Alpha business operates a specialized arbitrage trading desk based in Switzerland.


NEO:DEFI - Post by User

Post by Justdosomeddon Sep 02, 2021 4:15pm
246 Views
Post# 33804622

Continuing the Breakout Today

Continuing the Breakout Today
DeFi Technologies is up ANOTHER 11% today after an insane close the day before. Called it yesterday when I saw the breakout to the $2.20+ levels. Now, we're already up in the $2.40s. IMO, there's still more to run here, volume increases, rising DeFi interest, and the governance update further proves that $DEFI is a leader in the space.
 
The big 3 of $DEFI are venture, governance, and asset management. Each of these works to ensure that $DEFI isn't overexposed to a single price change in the blockchain market from things such as cryptos or NFTs. Even the news flow from August alone was enough to impress me.
 
- August 31: Governance update: 300,000 Shyft tokens generated in just 2 months
 
- August 24: Joined the DeFi Alliance (Coinbase, Jump Capital, CMT Digital are all members)
 
- August 19: Valour reaches $140M in AUM
 
- August 12/9: LOI to acquire Protos Asset Management and DeFi Yield Technologies
 
After a slow summer, $DEFI is back and hungry for growth! I'm really looking forward to what they have to bring us in the future. The current market cap of $512M actually looks pretty cheap considering what they've been able to achieve in the past month (plus a bullish crypto market). Will be holding long and strong!
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