NEO:DEFI - Post Discussion
Post by
maysilverstone on Aug 16, 2021 6:37pm
$DEFI Reports Q2 2021 Financial Results
$DEFI announced today their financial results for the 3 and 6 month period ending June 30, 2021.
- Their fully owned subsidiary Valour, increased their assets under management to $107M
- Valour added 2 new ETNs to their portfolio: Polkadot and Cardano
- Total rev from Valour was $2.6M for the quarter, implying a potential $10.3M in annualized recurring revenue
- Liquid assets at the end of the quarter was $28.67M
- The company had total revenues of $0.4M in a weak cryptocurrencies market period
Great to see a small loss in the period considering all the investments and expenditures they've made.
With their proposed acquisitions of DeFi Yield and Protos they now cater to all relevant investor groups: public market investors, institutional private investors, and crypto-native investors.
$DEFI closed today $1.49 with a mc of $312.21M.
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