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Advanced Blockchain's portfolio company, nakamo.to, will begin pursuing a yield farming strategy with its portfolio

·2-min read

DGAP-News: Advanced Blockchain AG / Key word(s): Strategic Company Decision/Cryptocurrency / Blockchain
20.11.2020 / 09:31
The issuer is solely responsible for the content of this announcement.



Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) announces that its portfolio company, nakamo.to, will begin pursuing a yield farming strategy as part of its portfolio.

Yield farming is an increasingly popular process in the decentralized finance (DeFi) space and involves "staking" (locking up) cryptocurrencies in a particular DeFi project in return for rewards . Yield percentages earned differ between each platform, but generally users receive a small share of transaction fees  (typically paid out in the project's token) for contributing liquidity to a particular application.

Yield farming has has spurred the emergence and success of many new projects in the space. At present, yield farming protocols have billions of dollars in total value locked (TVL), showing the immense popularity of this practice.

The reasoning behind nakamo.to's entry into the yield farming space is dual-pronged. First of all, yield farming shows that nakamo.to is committed to supporting the DeFi space as a part of its broader objective of promoting growth in the blockchain industry. Secondly, yield farming has proven to be a conservative way to gain exposure to the DeFi space.

This highlights nakamo.to's continued commitment to the DeFi space, Web 3.0, and beyond.

Further information on Advanced Blockchain AG, nakamo.to, and its other investments and projects is available on its website, www.advancedblockchain.com.



 


20.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Advanced Blockchain AG

Chausseestraße 86

10115 Berlin

Germany

Phone:

030403669510

Fax:

030403669511

E-mail:

info@advancedblockchain.com

Internet:

www.advancedblockchain.com

ISIN:

DE000A0M93V6

WKN:

A0M93V

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart

EQS News ID:

1149542


 

End of News

DGAP News Service

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