- Provides investors with exposure to a growing multi-billion dollar segment with a total locked value of over $250 billion
- Layer2 Blockchain has first-mover advantage as one of the first publicly-listed companies focused on bridging the new Layer Two Decentralized Finance industry with traditional capital markets
- Fully-owned Layer2 Blockchain mainly focuses on forming partnerships with and providing liquidity to newly-formed and emerging automated market making (AMM) DeFi pools
- In November 2021, the company generated yield and capital gains of $2.98 million in 120 days after purchasing a total of $3.65 million in digital assets.
Decentralized finance, or DeFi, is an emerging multi-billion dollar industry that is expected to revolutionize the financial industry. Globally, the FinTech Market was valued at US $7301.78 billion in 2020 and is projected to grow at a CAGR of 26.87 percent to 2026. Although the market is still in its early stages, DeFi has seen explosive growth from $2 billion in total locked value in May 2020 to $250 billion in total locked value in November 2021.
DeFi encompasses various financial services such as earning interest, borrowing, lending, purchasing insurance, trading derivatives, trading assets and more on public blockchains. Unlike traditional banking, DeFi is much faster and doesn’t involve a third party or any paperwork. DeFI is similar to crypto as it is a global, peer-to-peer and open to all system.
Prophecy DeFi (CSE:PDFI) is diving into the FinTech market by bringing together technology start-ups in the blockchain and DeFi sectors to fund innovation, elevate industry research and create new business opportunities in a coherent ecosystem.