(NEW YORK)–PEAKDEFI (PEAK) token surges on increased interest as company goes live with their DeFi website platform, and wallet.
PEAKDEFI is a decentralized, performance-based asset management fund, created to connect investors and asset managers for capital growth. https://peakdefi.com/
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. DeFi is distinct because it expands the use of blockchain from simple value transfer to more complex financial use cases.
How PEAKDEFI works for Managers
Instead of Managing an own fund the idea at PEAKDEFI is to manage one Global Fund with many other managers together in a decentralized way. This is a completely new and disruptive way for Asset Managing that also implies different managing approaches compared to traditional Hedgefunds. https://peakdefi.gitbook.io/peakdefi/
As of late afternoon the company had tweeted they had already staked 9 million tokens in first few hours of launch.
A list of exchanges on which PEAK currently trades can be found at https://www.coingecko.com/en/coins/peakdefi
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