NEO:DEFI - Post Discussion
Post by
maysilverstone on Jun 04, 2021 5:08pm
DeFi Technologies Subsidiary Valour launches Polkadot ETP
$DEFI recently announced that their subsidiary Valour launched its Polkadot exchange traded product, allowing investors to gain exposure to DOT (native token of the Polkadot protocol), easily and in a secure way, via their bank/broker.
Wouter Witvoet, CEO of DeFi Technologies, said "With Polkadot we have now listed our second DeFi pure play ETN in May. The potential for Polkadot to make it easier than ever to create and connect decentralized applications, services, and institutions is an exciting prospect for the larger DeFi ecosystem."
I found this video on DeFi technologies YouTube account where Witvoet discusses their new Polkadot ETP, potential threats to Ethereum, and the current market action.
The DeFi sector is booming with over $80B locked in DeFi applications and consisted of about 1.75M users by the end of Q1 2021 (increasing by 50% in the Q1 of 2021). Currently at $1.15 with a mc of $237.45M, $DEFI is definitely on my watchlist in this new sector.
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