The CEO digital asset management company HyperChain Capital, says Decentralized Finance (DeFi) provides potential growth and investment opportunities.
Stelian Balta believes DeFi has “a great opportunity for growth.” He said his company continues to look forward to digital currencies and blockchains. The founder of the earliest crypto fund in the world firmly believes in the potential of the DeFi ecosystem and blockchain gaming. He added that the evidence of his belief is that they have made and continue to invest. Balta stated:
“I think the DeFi space has tremendous growth opportunities. The market leader in the DeFi space, the Kyber network, has just reached over $ 1 billion in trading volume. The project has a market cap of over 300 Million Dollars, which I find very underestimated.”
Potential of the Crypto Market
The Singapore-based enterprise focuses on blockchain-based investment projects besides decentralized protocols. Balta He has invested more than $ 2 million in Fantom and is one of the largest Tezos token holders. According to Balta, Bitcoin is an “inflation hedge” and adding it in a portfolio can reduce risk significantly. This is truer at a time when currencies are on the verge of negative interest rates. Talking about the potential of the crypto market, he added:
“It is long-term optimistic about the crypto market, especially with regard to DeFi. That is why we continue to invest in, improve and build the crypto ecosystem.”
Cutting Edge Financial Services
DeFi refers to a suite of blockchain-based financial products and services built on the Ethereum ecosystem. Unlike the conventional institutions, DeFi thrives on providers integrating services with others even if they’re operating in the same vertical. The result is an open finance landscape where users enjoy with enhanced asset ownership courtesy of decentralization.
Exciting Use Cases
The unbanked and under-banked are the greatest beneficiaries of DeFi. They are free from expensive, lengthy, and tedious processes of traditional financial institutions. The DeFi market is valued at over $1 billion. Analysts believe that it is set to grow, especially following the entry of Liquidity Yield farming. Blockchain adoption is set to increase as more individuals are attracted by exciting use cases such as crypto lending. Balta expounded:
“I’m bullish on the crypto market long term, especially in DeFi. That’s the reason why we are continuing to invest, to improve and build in the crypto ecosystem. Current capital deployment and institutional investors recent interest in Bitcoin, add lots of optimism in the market. I believe this trend captures the early stages of a new, decentralized global financial system.”