Techemy Capital Plans To Launch Compound (COMP) Investment Portfolio for Yield Farmers

2020-7-3 22:01

Techemy Capital, a New Zealand based digital asset investment firm and fund management, announced the planned launch of new DeFi strategic investment products next week to provide a gateway for investors in open finance technologies.

The launch of the Compound (COMP) focused product, follows the launch of Bitcoin (BTC) and Ethereum (ETH) portfolios this week on Tuesday.

The previous investment products were hosted on the TokenSets platform with no minimum deposits or lockups, 24/7 performance reporting, free withdrawals, and data transparency on the Ethereum network.

COMP Added to Techemy Capital (TCAP)

Decentralized finance products are programmable applications built on the blockchain to remove intermediaries and connect capital principals directly, providing more yields on the investment. The craze of “yield farming” is taking over the digital asset industry, and Techemy hopes to provide a regulated platform for investors to participate in farming COMP yields.

The Techemy team in charge of the COMP trading desk will use the firm’s passively managed stablecoin portfolio consisting of c-USDC and c-DAI to earn interest and hunt for arbitrage opportunities on the Compound platform. A necessary hedging tool in the form of a purchasable cover against smart contract failure, and serviced by Nexus Mutual, are also offered to Investors.

More Developments on Techemy

Techemy Capital (TCAP) is a subsidiary of Techemy Group, an investment firm launched in 2013. The TCAP proprietary trading desk runs the ETH and BTC investment portfolios boasting a 55% return in 2019 after switching to an active management strategy. Head of Trading at TCAP, Ron Brewis said:

“DeFi allows investors to participate in trading strategies managed by professionals with a proven track record, or hold neutral positions in stable tokens which attract yields based on current APRs at the time. And all trades are public and self-auditable on the Ethereum network.”

The company recently announced a partnership with BraveNewCoin, a crypto research outlet, to introduce decentralized index-tracked products to the digital asset market.

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