Founder of defunct Midas Investments launches new DeFi investment platform Locus Finance

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 53%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Locus Finance is a DeFi protocol that gives users access to high yield-bearing tokenized vaults.

Locus Finance is a DeFi platform that gives users access to high yield-bearing tokenized vaults.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Iakov Levin, f0under of the defunct custodial crypto investment platform Midas Investments, has launched a new decentralized finance platform.

Locus Finance will give users access to high yield-bearing tokenized vaults, the company said in a statement. Locus will initially offer three yield-bearing products pinned on Ethereum staking, DeFi growth and Arbitrum trading. "Investors don’t want to worry about blockchains, protocols, transaction costs, and daily portfolio management," Levin said in a statement."They need specific exposure in a set-and-forget style. Vaults represent a unique approach necessary for maturing the retail yield market, allowing for optimal wealth generation for retail investors."

Founded in 2018, Midas Investments amassed over $250 million assets under management at its height in 2021. However, after market conditions turned in 2022, Midas lost over $50 million.© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 464. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Bill to make personal finance class a graduation requirement awaits Oregon governor's signNavigating the world of credit scores, student loans, car loans and tax returns is a reality many teens are not prepared for.
La source: News4SA - 🏆 251. / 63 Lire la suite »

Google co-founder Sergey Brin back at the company in recent months - WSJ By Investing.com*GOOGLE CO-FOUNDER SERGEY BRIN BACK AT THE COMPANY IN RECENT MONTHS AMID AI PUSH $GOOGL
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Houston mayoral race controversy: Campaign finance and residency issuesA considerable field of contenders has assembled for the upcoming mayoral election in the nation's fourth-largest city, Houston, with 14-term Congresswoman Sheila Jackson Lee facing scrutiny for accepting contributions exceeding the city's limit and MJ Khan facing questions about his residency declaration.
La source: FOX26Houston - 🏆 448. / 53 Lire la suite »