COSIMO X Backs yAxis for Easy Yield Farming
Brand Story
18 Jun 2021, 05:15 GMT+10
COSIMO X, the world s first tokenized fund, is now backing yield farming solution yAxis. Yield farming is one of the most popular investment strategies in the Crypto DeFi sector and enables investors to lock their idle assets into protocols that offer attractive returns. The top four aggregators that provide these strategies as a service have reached a total value locked (TVL) of over $6 billion.
The project is set to be the single point of entry into DeFi
The decision to back yAxis is motivated by the need for a platform that gives investors simplified access to these aggregation services. The project consists of a decentralized autonomous organization (DAO) that determines and approves optimised strategies to allocate investors funds across the various yield farming aggregators. Holders of the yAxis governance token earn a performance fee for designing and recommending strategies in their role a
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COSIMO X Backs yAxis for Easy Yield Farming
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Texture Capital Partners with Cosimo X to Revamp Investment Process for Private Markets
Texture Capital, an institutional marketplace for private capital, today announced a partnership with COSIMO X, a venture capital fund that invests in opportunities in emerging next-generation technologies. Texture Capital’s ATS will support capital raising and secondary market trading of the COSIMO X digital tokens and enable COSIMO X to reach a broader network of investors and offer secondary market liquidity opportunities not typically available to institutional investors.
Through Texture Capital’s online marketplace, investors will be given streamlined access to the COSIMO X venture capital fund. COSIMO X’s tokenized structure offers investors opportunities for increased liquidity and the ability move funds in or out at their discretion. Tokenized securities also provide investors with improved transparency thanks to their implementation on blockchain technology.