Layer2 Blockchain Investment Update
Since our press release of
Layer2 is uniquely positioned in the industry to identify and provide liquidity to emerging DeFi protocols. The team continues to discover compelling opportunities, deploy capital, and generate outsized returns. Layer2's ability to execute on its strategy is due to its position in the industry as true DeFi operators, who are identifying high-quality DeFi projects and working alongside the Founding Teams of these protocols to become a liquidity partner at the time of their launch.
Impermax Finance
Impermax is a innovate new DeFi protocol that has launched on Polygon, Arbitrum and Avalanche, all layer two blockchain protocols, in the last three months. This multichain expansion has driven rapid growth in their TVL from
Layer2 identified this project as an emerging DeFi protocol, which has tremendous potential. Recognizing this, Layer2 worked directly with Impermax's founders to acquire a position of IMX, the protocol's governance token. Thus far, Layer2 has deployed
"The Layer2 team has been a great partner of Impermax's since we first deployed on the Polygon blockchain. Prophecy and Layer2's strong connections within the Decentralized Finance and layer two blockchain industry will continue to enable IMX's rapid growth to a billion-dollar DeFi protocol." commented Simone Rigolon, CEO of Impermax Finance.
Additional DeFi Opportunities
Layer2's positions are currently spread across Polygon, Ethereum and Binance Smart Chain. These positions are concentrated in ETH, BNB, SX, and MATIC tokens.
"The Decentralized Finance sector remains at its infancy, and we fundamentally believe that growth and adoption is inevitable," commented
As one of the few public companies dedicated to operating directly in the layer two DeFi space, the company believes it is uniquely positioned to fulfill the emerging liquidity provisioning needs of the market. PDFI intends to continue advancing additional capital into the Layer2 business to increase exposure to DeFi related digital assets. An ever-increasing capital base has the effect of potentially increasing absolute returns. Further, Layer2 compounds 100% of its returns into additional trading positions.
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Forward-Looking Information
Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals and the possibility that the completion of the transaction may not occur. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.
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