Brexit will be key for players next year
Company takeovers can be unreliable but being on the right side of one has propelled this Fantasy Fund Manager to the weekly £100 prize.
Jackson Read, a 25-year-old from Southend-on-Sea, turned around the performance of his Jacko Cap portfolio, which rose from £94,993 to £107,372 this week, pushing him into the top 350 players overall.
Despite being a stock market trader, Mr Read is unable, for compliance reasons, to invest his own money in the stock market. “The Telegraph competition offers me a way to test myself against others,” he said.
He struck big by holding Signature Aviation, an aeroplane manufacturer. Shares in the company rose by 50pc after private equity firm BlackStone Group put in a $4.3bn (£3.2bn) bid for the firm.
Shares in AstraZeneca tumbled on Monday after it announced a $39bn (£29bn) mega deal for American rival Alexion. But has the pharmaceutical giant made the wrong decision?
Alexion shareholders will receive $60 in cash plus two AstraZeneca shares – a total value of $175 per share, a 45pc premium to the American firm s current share price. Nervous investors were quick to sell AstraZeneca with the deal representing the largest in the firm’s history.
Alexion is developing a personalised immunology therapy, which could be lucrative in the future, but Susannah Streeter of Hargreaves Lansdown called the deal an “an expensive gamble”.
Others were more positive. Andrew Braum of Citi, the research firm, rated AstraZeneca as a “buy”, despite shares falling almost 6pc on Monday.
To ensure accurate price information for listed assets, it integrated Band Protocol s price oracles.
The move will allow users to use stake assets for different applications in the DeFi sector.
Fantom a scalable, fast, and secure platform for DeFi, supply chains, and even crypto payments just launched a new DeFi protocol called Liquid Staking. The service combined its own technology with Band Protocol’s (BAND) decentralized price oracles to bring liquidity to stake assets on its layer-1 protocol, and being the first project in crypto history to ever do so.
Fantom launches a brand new, unique DeFi protocol
Thanks to Fantom’s new move, the service will now be able to offer its community to use stake assets for a variety of DeFi applications. For example, its users will be able to mint a synthetic asset called sFTM in a 1:1 ratio to the project’s delegated FTM.
Fantom Launches Liquid Staking and Synthetic Assets in Partnership With Band Protocol
SYDNEY, AUSTRALIA / ACCESSWIRE / December 10, 2020 / Fantom has launched Liquid Staking, a defi protocol with decentralized price oracles provided by Band Protocol. For the first time on a layer-1 protocol, staked assets can become liquid, enabling them to be used for an array of decentralized finance applications.
Fantom users can now mint sFTM, a synthetic asset, in a 1:1 ratio to their delegated FTM, before deploying sFTM within the Fantom Finance ecosystem. Liquid Staking enables users to trade synthetic assets using the fMint stablecoin protocol that is collateralized by FTM tokens.
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