• Record-Setting AUM Growth: Valour reached a historic high with C$699.5 million in Assets Under Management (“AUM”), reflecting a 40.7% increase from the previous month, which underscores strong investor confidence and significant market growth.
• Exceptional Market Activity and Growth: February showcased robust market activities for Valour, with a reported total turnover of approximately C$148.36 million and substantial total inflows of C$16.62 million. This demonstrates active market engagement and a strong alignment with current investment trends.
• The Success of Valour’s Solana ETP: The Valour Solana ETP has significantly contributed to both the overall AUM and the Company’s revenues, with net inflows of C$4.89 million recorded in February. The AUM for the Valour Solana ETP has seen considerable growth, now standing at C$290.3 million, which also reflects positively on the company-wide AUM.

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (NEO: DEFI) (GR: RB9) (OTC: DEFTF), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi”), is pleased to announce that its subsidiary, Valour Inc., and Valour Digital Securities Limited (together, “Valour“), a leading issuer of exchange traded products (“ETPs“) that provide simplified access to digital assets, scales to record C$699.5 Million in assets under management (“AUM”) as of February 28, 2024, an increase of 40.7% from the previous month.

The significant ascent in AUM to C$699.5 Million, marking a notable 40.7% month-over-month growth, not only reflects continuous net inflows but also the increase in the prices of underlying assets. This substantial growth underscores the enduring appeal and market demand for Valour’s ETPs. In February, Valour’s market activities were highlighted by a total turnover of approximately C$148.36 million with an average daily turnover of C$7.81 million, indicating strong market performance and active investor engagement. Additionally, this period saw significant total inflows of about C$16.62 million, pushing Valour’s cumulative net sales to C$554.5 million, up from January’s C$532.9 million, further demonstrating Valour’s ETPs’ alignment with prevailing investment trends and the vibrant digital asset ecosystem.

A particular highlight of February was Valour Solana ETP, which saw net inflows of C$4.89 million, increasing its AUM to C$290.3 million. This product’s performance is a key component of the Company’s overall success, showcasing the financial viability and growing investor interest in this specific digital asset offering.

“We are immensely proud of Valour’s historic achievement this month, with our AUM soaring to a record C$699.5 million, up over 40% from the previous month, demonstrating our commitment and the increasing trust from our investors. Particularly noteworthy is the performance of our Solana-based ETP, which attracted net inflows of C$4.89 million, contributing significantly to this growth. This success not only highlights the strong market demand for our innovative ETP products but also our ability to provide investors with diversified, secure, and accessible digital asset investment options. We are committed to continuing this trajectory and enhancing our digital asset offerings,” said Olivier Roussy Newton, CEO of DeFi Technologies.

About DeFi Technologies
DeFi Technologies Inc. (NEO: DEFI) (GR: RB9) (OTC: DEFTF) is a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (DeFi).

With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of professionals with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem.

Join DeFi Technologies’ digital community on Linkedin and Twitter, and for more details, visit https://defi.tech/  

About Valour
Valour Inc. issues exchange traded products (ETPs) that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. Established in 2019, Valour is a wholly owned subsidiary of DeFi Technologies Inc. (NEO: DEFI) (GR: RB9) (OTC: DEFTF).

For more information on Valour, visit https://valour.com   

Cautionary note regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the growth of AUM; listing of future ETPs; investor interest and confidence in digital assets; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by DeFi and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

For further information, please contact:

Investor Relations DeFi Technologies
ir@defi.tech

The decentralized finance (DeFi) landscape is witnessing groundbreaking innovations and strategic partnerships, aimed at enhancing user experience and financial inclusivity across blockchain layers. Leading the charge, Pac Finance debuts as the inaugural hybrid lending protocol on Blast Layer 2, promising an airdrop for its early adopters. Concurrently, Tokemak introduces Autopilot, pioneering a novel approach to liquidity provisioning on the mainnet in its guarded launch phase.

DeFi Ecosystem Expansions

Pac Finance’s launch on Blast L2 marks a significant milestone in DeFi’s evolution, offering a seamless lending and borrowing framework with an enticing incentive for early users. Meanwhile, Tokemak’s Autopilot emerges as a game-changer, streamlining liquidity provisioning through Autopools and testing its rebalancing mechanisms in a guarded environment, with Tokemak as the sole depositor.

Strategic Developments and Collaborations

Gearbox’s deployment of V3 on Arbitrum introduces PURE Margin Trading and LSD strategies, enhancing the trading landscape with assets such as GMX and PENDLE. Stryke (formerly Dopex) extends its footprint by integrating CLAMM vaults on Orange Finance, automating liquidity management and optimizing rewards for liquidity providers (LPs). These advancements underscore the DeFi sector’s commitment to offering sophisticated financial instruments and liquidity solutions.

Looking Ahead: Indexes, Launchpads, and Airdrops

The DeFi community eagerly anticipates the introduction of the Index Coop Layer 2 Index (icL2) and the Artificial Intelligence Index (icAI), promising diversified investment avenues. Bazaar’s collaboration with Across paves the way for cross-chain launchpad protocols, facilitating user participation in launches from any blockchain. Additionally, the Ambient and Pike Finance airdrops underscore the growing trend of community rewards, further enriching the DeFi ecosystem.

As DeFi continues to evolve, these developments not only demonstrate the sector’s dynamism but also its resilience in fostering innovation. With strategic deployments, collaborations, and a focus on user-centric solutions, the future of DeFi looks promising, setting the stage for further growth and financial democratization on a global scale.

EigenLayer’s total value locked (TVL) has surged to $10 billion, marking a significant uptick from its $1.1 billion valuation at the start of the year. This growth, equating to 2.93 million Ethereum (ETH), underscores the protocol’s expanding influence within the decentralized finance (DeFi) sector.

EigenLayer allows users to deposit and restake ETH through various liquid staking tokens. This process aims to enhance the security of third-party networks.

How DeFi Protocol EigenLayer’s TVL Surged 5X Since February

Recent weeks have witnessed remarkable growth in EigenLayer’s TVL, particularly over the last 30 days. On February 2, 2024, the TVL stood at around $2 billion but has since grown five times.

This increase coincides with EigenLayer’s decision to temporarily lift restrictions on token restaking and remove TVL caps for each token. The protocol anticipates making these changes permanent in the near future, signaling a strategic shift in its operational framework.

EigenLayer’s rise in TVL has propelled it to become the third-largest DeFi protocol, overtaking Maker. Now, it lags behind AAVE by a margin of approximately $92 million. This growth can be attributed to a consistent influx of ETH deposits, facilitated primarily by liquid restaking protocols and the appreciating value of Ethereum itself.

Read more: What Is EigenLayer?

The anticipation of an EigenLayer airdrop has also played a crucial role, attracting significant attention from the DeFi community. Many users deposit their staked Ethereum into EigenLayer to enhance their chances of receiving airdrop benefits. Currently, the protocol exclusively supports native restaking with EigenPod.

EigenLayer’s approach to restaking has garnered widespread attention. This model allows Ethereum or ERC-20 token holders to contribute to the security of other projects or applications on the network.

In exchange, participants receive additional rewards, thereby enhancing the overall security and efficiency of the Ethereum ecosystem without necessitating the locking up of more assets.

The project’s success and innovative solutions have not gone unnoticed by investors. In March 2023, EigenLabs secured a $50 million Series A funding round led by Blockchain Capital.

Read more: Ethereum Restaking: What Is It And How Does It Work?

This was followed by a substantial $100 million investment from Andreessen Horowitz in a Series B round last month. Furthermore, Binance Labs’ recent investment in Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, highlights the growing interest in the protocol’s restaking solutions.

New Delhi (India), March 4: Decentralized Finance (DeFi) has been a driving force in reshaping traditional financial paradigms. The promise of inclusivity, transparency, and borderless financial services has not only captured the attention of the crypto community but has become a beacon for investors seeking alternatives to traditional finance. As the DeFi landscape evolves, Retik Finance (RETIK) has emerged as a trailblazer, concluding a remarkable presale that raised over $32 million, signalling the imminent launch of its native token, RETIK. This marks the inception of DeFi 2.0, promising a transformative shift in the decentralized financial ecosystem.

Retik Finance: Paving the Way for Financial Inclusion

Retik Finance (RETIK) envisions a future where financial services, encompassing lending, trading, borrowing, and purchasing, are not confined by geographical boundaries or traditional intermediaries. The mission is clear: to make these services accessible within a trustless and decentralized environment. The project’s ethos aligns with the fundamental principles of DeFi, where accessibility and openness to anyone with an internet connection are paramount.

DeFi’s Open Doors: Breaking Barriers to Entry

A defining characteristic of the DeFi movement is its commitment to democratising finance. Traditional financial systems often present insurmountable barriers, limiting access based on geographical location, financial status, or institutional affiliations. In contrast, DeFi protocols, including Retik Finance, champion inclusivity. The open-source nature of these protocols ensures that anyone with an internet connection can participate in a financial ecosystem that transcends borders.

Presale Triumph: Retik Finance’s Impressive Raise

Retik Finance’s recent presale success serves as a testament to the project’s resonance within the crypto community. Raising over $32 million in preparation for its token launch, Retik Finance exceeded expectations and demonstrated a robust appetite for innovative DeFi solutions. The presale, consisting of 10 stages over a condensed two-month period, not only showcased the project’s efficiency but also highlighted the fervent support from the community.

The Countdown Begins: Retik Token Launch

As Retik Finance gears up for the launch of its native token, RETIK, the DeFi landscape stands on the precipice of transformative change. The token launch is poised to kick off the practical implementation of financial services—lending, trading, borrowing—in a trustless and decentralized environment. This pivotal moment represents a giant leap towards making financial opportunities accessible to everyone, irrespective of their location or financial standing.

Affordability and Accessibility: Retik Token’s Listing Price

In line with its commitment to inclusivity, Retik Finance has set the listing price for the RETIK token at $0.15. This deliberate pricing strategy aims to ensure that users from diverse backgrounds can actively participate in the decentralized ecosystem. The affordability of the Retik token aligns with the broader DeFi 2.0 narrative, where financial services are not confined to a privileged few but are available to all.

Community Communication: The Vital Role of Social Media Channels

Anticipation for the Retik token listing is palpable, and Retik Finance recognizes the importance of transparent communication. To keep the community informed, vital information regarding the token listing and vesting schedule will be disseminated through Retik Finance’s social media channels. This commitment to openness fosters trust and confidence, crucial elements for a successful token launch and long-term project sustainability.

Looking Ahead: The Paradigm Shift in Decentralized Finance

The impending launch of the Retik token signifies more than just a new addition to the crypto market. It symbolizes the beginning of a new era in decentralized finance, where barriers are dismantled, and financial opportunities are extended to the far reaches of the globe. Retik Finance’s vision aligns with the broader DeFi 2.0 narrative, where the traditional financial system is challenged, and a more inclusive and equitable alternative is forged.

Building Trust: The Pillars of Retik Finance’s Future

As Retik Finance moves forward, maintaining transparency, fostering community engagement, and prioritising security will be paramount. These pillars form the foundation for a sustainable and successful decentralized financial ecosystem. With DeFi 2.0 on the horizon, Retik Finance is positioned not just as a player but as a pioneer, steering the course for a future where financial empowerment knows no bounds.

Conclusion: The Bright Future of DeFi

The Retik token launch represents a monumental step in the evolution of DeFi. With its robust presale, commitment to accessibility, and vision for a decentralized financial future, Retik Finance is poised to change the game forever. The journey towards DeFi 2.0 is an exciting one, and as Retik Finance takes the lead, the possibilities for a more inclusive and equitable financial system become increasingly tangible. With DeFi 2.0 on the horizon, the future of finance has never looked more promising.

Click Here To Take Part In Retik Finance Presale

Visit the links below for more information about Retik Finance (RETIK):

Website:https://retik.com

Whitepaper:https://retik.com/retik-whitepaper.pdf

Linktree: https://linktr.ee/retikfinance