您现在的位置是:Wave Financial launches $100M ADA Yield Fund for Cardano >>正文
Wave Financial launches $100M ADA Yield Fund for Cardano
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛172人已围观
简介The ADA Yield Fund starts off with $100 million and will benefit Cardano’s growing decentralis...
The ADA Yield Fund starts off with $100 million and will benefit Cardano’s growing decentralised finance (DeFi) ecosystem via liquidity and other resources.
Wave Financial has announced the launch of Wave ADA Yield Fund, a $100 million fund aimed at supporting the Cardano (ADA) blockchain ecosystem.
According to Wave Financial CEO David Siemer, the fund is purely meant for the provision of liquidity and targets decentralised exchanges (DEXs), lending protocols and stablecoin issuers. The fund will also support stake pools in the Cardano DeFi ecosystem.
“Each of these decentralized applications adds to the strong foundation of the Cardano blockchain as it realizes a fully functional and diverse ecosystem,” Siemer said in a press release shared with CoinJournal on Wednesday.
Waveis a Los Angeles-based digital asset investment manager regulated by the US Securities and Exchanges Commission (SEC). The company says the fund is a reflection of its goals in the crypto ecosystem, including support for promising entrepreneurs.
Cardano’s growing ecosystem is attracting institutional investors
Cardano launched smart contracts capability in 2021 and has over the past several months, seen an explosion of developer activity. Hundreds have launched via community funding initiatives, according to Charles Hoskinson, the founder of Input Output (IOHK)
But more are at various stages of development, with the ADA fund likely to prove a timely launch. Hoskinson agrees with the sentiment, noting in a statement that the Cardano ecosystem will succeed if projects built on the blockchain thrive.
“So we are pleased that the ADA Yield Fund is committing substantial financial resources to facilitate continued growth and market acceptance,” he added.
Cardano continues to see huge interest from institutional investors, with demand driving on-chain large transaction volumes even higher. Data showsthat year-to-date, transactions involving $100k or more in ADA have spiked nearly 50x.
Demand has also seen the launch of ADA-backed exchange-traded products to cater to institutional investors. Just this week, WisdomTree launcheda Cardano ETP for the European market.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/67274.html
相关文章
ENO Token Lists on LATOKEN to Transform the Wine Industry
Wave Financial launches $100M ADA Yield Fund for CardanoMexico City, Mexico, June 21st, 2023, ChainwireENO, the native token of an emerging wine industry pl...
阅读更多
VanEck files Ether ETF proposal
Wave Financial launches $100M ADA Yield Fund for CardanoAsset manager VanEck intends to be the first company in the United States to list an Ether exchange-...
阅读更多
Algorand (ALGO) cuts network block time in key upgrade
Wave Financial launches $100M ADA Yield Fund for CardanoAlgorand’s latest protocol upgrade has cut block time from 3.8 seconds to 3.3 seconds.It is th...
阅读更多
热门文章
最新文章
You can repair Nokia’s latest phone by yourself
AI may be fueling ageism and inequality in aged care homes, finds study
Bitcoin Eyes $65k Ahead of Coinbase’s Listing
Coinbase earns $1.8 billion in Q1 2021
OKX to Launch Signal Trading Platform, Empowering Traders with High
Scientists develop 'cosmic concrete' to construct habitats on Mars