Skip to content
jdean-law

jdean-law

Politics and lawyers

Primary Menu jdean-law

jdean-law

  • Legal Aid Society
  • Law & Legal
  • News Legal
  • Law Firm
  • Politics
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Politics

Investors Turn to Low-Risk Crypto Yields: Block Earner GM

Shamika W. Patrick July 26, 2022

[ad_1]

Block Earner, an Australian fintech, says the fall of Terra Luna in May has led to “positive surprises” for its business as investors begin to find their way to the low-risk crypto yield products they offer.

Speaking to Cointelegraph, the company’s Managing Director, Apurva Chiranewala, revealed that the company has already seen a wave of investors. seek double-digit returns but now wants a “less risky version” of those returns.

“Since the risks have increased dramatically for these returns, these guys have actually started engaging with us because we look like the lower risk version of these double-digit return products.”

Prior to their collapse, crypto lending platforms such as Celsius and Anchor Protocol offered annual percentage yields (APY) of up to 20% for users who locked their digital assets with them.

Block Earner is a blockchain powered fintech company that provides access to yield-generating products related to cryptography. Still, Chiranewala explained that the platform is for those who want exposure to the crypto markets but have a lower appetite for risk.

Its Gold Earner and USD Earner products are currently generating single-digit returns.

Data shared by Block Earner with Cointelegraph shows that the Terra Luna fiasco coincided with an increase in pullback events in early May and again in mid-June due to falling Celsius. However, there has been a steady return to normal levels since.

Cash deposits in Australian dollars (AUD) also remained stable from April to July, while the company’s user base grew by an average of 15% month-on-month.

Chiranewala also said that over the past few weeks he had seen a “high degree of interest» institutional investors, including hedge funds, venture capital (VC) and pension funds (retirement funds).

“We are almost forced to simultaneously create institutional products because the interest in this space is enormous.”

“There are VCs with treasuries, there are hedge funds, there are private funds […]and then there are super funds that have a mandate to deploy a very small portion of the portfolio into high-yielding assets,” he added.

Related: Finance redefined: DeFi slowdown worsens, but protocols with revenue could thrive

Chiranewala admits that the company has not been entirely immune to the crash in the crypto markets. Block Earner had to cut user acquisition marketing spend.

“In the environment we’re in right now, it makes very little sense for us to go to market and acquire users. So we’ve stopped, we’ve actually backtracked a lot on our marketing strategy.

“You naturally see a bit of a smoother growth trajectory, as opposed to a steeper curve, you know, that increases week by week,” he said.

Earlier this month, a Coingecko report said decentralized finance (DeFi) market capitalization fell 74.6% from $142 million to $36 million in the second quarter, mainly due to the terra collapse and its stablecoin TerraUSD Classic (USTC) in May.

Source Link

[ad_2]

Source link

Tags: In Law, Law May Be Defined As, Law Merit Badge, Law Nail Polish, Law Nation, Law News, Law Nurses Llc, Law Ny, Law Of Attraction, Law Of Demand, Law Of Independent Assortment, Law Of Sines, Law Of Surprise, Law Pay, Law Pay Login, Law Pfp, Law Pictures, Law Professor, Law Professor Jobs, Law Professor Salary, Law Public Safety Corrections And Security, M Law 100, M Law Attorneys, M Law Attorneys Apc, M Law Firm, M Lawn Care, M Lawrence, Mlaw Schedule, N Lawndale Ave, N Lawrence Ny, N Lawrence Ohio, N Lawrence St Philadelphia Pa, N Lawson, O Lawd, O Lawd He Comin, O Lawd He Comin Meme, O Lawd I'M On My Way, O Lawrence Hawthorne, Oh Law, Oh Lawd Gif, Oh Lawd He Comin Gif, P Law Firm, P Lawler Baseball, P Lawler Enterprises, P Lawrence, P Lawson Artist, P Lawson Travel, P Lawyer, Um Law Course Catalog

Continue Reading

Previous Australian politics live: governor general says Aukus ‘will remain central’ to Labor defence policy; nation records 100 Covid deaths | Australian politics
Next Lawyers Drag Gov’t to Court Over Appointment of Judges in “Acting” Capacity

More Stories

The American "War for Righteousness" is a War for Evil, by Boyd D. Cathey
  • Politics

The American “War for Righteousness” is a War for Evil, by Boyd D. Cathey

Shamika W. Patrick October 30, 2022 0
Public Law Editorial Committee Membership – UK Constitutional Law Association
  • Politics

Public Law Editorial Committee Membership – UK Constitutional Law Association

Shamika W. Patrick October 29, 2022 0
European Union Covid-19 Vaccine biggest corruption scandal of mankind
  • Politics

European Union Covid-19 Vaccine biggest corruption scandal of mankind

Shamika W. Patrick October 28, 2022 0
September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Aug    

Archives

Recent Posts

  • Startup Law 101 Series – Ten Essential Legal Tips For Startups at Formation
  • 7 Tips for Hiring an Immigration Lawyer
  • The Promotion of Foreign Investments – A Strategy for Sustainable Economic Development
  • Jobs For Felons 2020: 5 Tips to Land a Job As a Felony
  • Nigerian Youths And the 2019 General Elections

BL

Tags

In Law Law May Be Defined As Law Merit Badge Law Nail Polish Law Nation Law News Law Nurses Llc Law Ny Law Of Attraction Law Of Demand Law Of Independent Assortment Law Of Sines Law Of Surprise Law Pay Law Pay Login Law Pfp Law Pictures Law Professor Law Professor Jobs Law Professor Salary Law Public Safety Corrections And Security M Law 100 M Law Attorneys M Law Attorneys Apc M Law Firm M Lawn Care M Lawrence Mlaw Schedule N Lawndale Ave N Lawrence Ny N Lawrence Ohio N Lawrence St Philadelphia Pa Oh Law Oh Lawd Gif Oh Lawd He Comin Gif O Lawd I'M On My Way O Lawrence Hawthorne P Law Firm P Lawler Baseball P Lawler Enterprises P Lawrence P Lawson Artist P Lawson Travel P Lawyer Um Law Course Catalog

You may have missed

  • Law & Legal

Startup Law 101 Series – Ten Essential Legal Tips For Startups at Formation

Shamika W. Patrick September 30, 2023 0
  • News Legal

7 Tips for Hiring an Immigration Lawyer

Shamika W. Patrick September 29, 2023 0
  • Legal Aid Society

The Promotion of Foreign Investments – A Strategy for Sustainable Economic Development

Shamika W. Patrick September 29, 2023 0
  • Government Jobs

Jobs For Felons 2020: 5 Tips to Land a Job As a Felony

Shamika W. Patrick September 28, 2023 0
  • general

Nigerian Youths And the 2019 General Elections

Shamika W. Patrick September 26, 2023 0
jdean-law.com | CoverNews by AF themes.

WhatsApp us