{"id":441601,"date":"2021-02-23T07:03:24","date_gmt":"2021-02-23T12:03:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=441601"},"modified":"2021-02-23T07:03:24","modified_gmt":"2021-02-23T12:03:24","slug":"techemy-capital-launches-defi-etp-on-balancer-giving-traders-non-synthetic-exposure-to-defi-assets","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/techemy-capital-launches-defi-etp-on-balancer-giving-traders-non-synthetic-exposure-to-defi-assets\/","title":{"rendered":"Techemy Capital Launches DeFi ETP on Balancer, Giving Traders Non-Synthetic Exposure to DeFi Assets"},"content":{"rendered":"

\nPowered by Brave New Coin, the DeFi ETP includes top assets $YFI, $COMP, $UNI, $AAVE, $SNX, $MKR, $SUSHI and $UMA
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Auckland, New Zealand, Feb. 23, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire<\/a>) –\u00a0Digital asset investment firm Techemy Capital<\/a> (https:\/\/techemy.capital\/<\/a>) today announced the creation and launch of Decentralized Exchange-Traded Portfolios (ETP\u2019s) built on onchain asset management platform Balancer<\/a> (https:\/\/balancer.finance\/<\/a>), starting with a DeFi ETP. Techemy Capital\u2019s ETP\u2019s allow for full self-custody by investors and consist of a portfolio of individual digital assets, wrapped in a thematic investment thesis and rebalanced quarterly.<\/p>\n

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The DeFi ETP is a physical representation of Brave New Coin<\/a>\u2019s Blue-Chip DeFi Index (comprising a portfolio of 8 key assets). The DeFi ETP gives traders non-synthetic (physical) exposure to assets in the BNC DeFi Blue-Chip Index: Yearn Finance ($YFI), Compound Finance ($COMP), Aave Protocol ($AAVE), MakerDAO ($MKR), Synthetix ($SNX), Uniswap ($UNI), SushiSwap ($SUSHI) and Uma Project ($UMA).\u00a0<\/p>\n

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The BNC Blue-Chip DeFi Index was launched in October 2020 as an institutional-grade index product that tracks the market performance of the eight largest assets in the DeFi classification. The constituent asset weightings are rebalanced every three months based on free float market capitalisation, capped at a maximum constituent weight of 25 percent.\u00a0<\/p>\n

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Issued on Balancer Protocol, the new DeFi ETP mimics the constitution and weights of the BNC Blue-Chip DeFi Index. It is rebalanced in alignment with the index, providing traders an opportunity to get non-synthetic exposure to the assets that make up the index, and\/or to speculate or arbitrage between the price parity of the index-powered perpetual swaps [offered by third parties such as BTSE] and the spot market for the ETP.\u00a0<\/p>\n

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\u201cDigital asset investors and traders are seeking more advanced ways to gain exposure to popular, pre-vetted cryptocurrencies in the DeFi sector,\u201d said Fran Strajnar, Founder of Techemy Capital and Brave New Coin. \u201cBNC\u2019s DeFi Index and ETP provides this, all with industry-leading security, transparency and speed.\u201d\u00a0<\/p>\n

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Key features of the DeFi ETP include:\u00a0<\/p>\n