Valour Aktie Forum: Community User: Znarf

Ich bin drin nicht mit viel aber immerhin bin gespannt

Wollt eigentlich diese Woche bei HIVE bei dem "niedrigen" Kurs von letzter Woche rein... Tja so schnell kanns gehn, Zug fährt ohne mich ab..

Angeblich wäre auch ein grösserer Fond bei HIVE rein ... als Partner wäre das auch gut für DT. Dazu Ethereum im Rausch ... müsste heute grün bleiben.

Also die Richtung gefällt mir schon Mal ganz gut😀

@Gigson 👍

Guten Morgen!! Zieht auch mal den Ether rein - zu geil 🥳

Financials The 12/31/2020 audited financials (available on sedar.com and linked above) of the Company are not very helpful from my perspective. Why, because the Company that came into being on or about January 1, 2021 (a DeFi company) is not the same company that existed before said date. Specifically, note 6 of the Company's audited financials provides context: On December 10, 2020, the Company closed the acquisition of 49% of DeFi Holdings Inc. (“DeFi Holdings”). Pursuant to the transaction, the Company issued a total of 20,000,000 common shares of the Company to the shareholders of DeFi Holding in proportion to their pro rata shareholdings of DeFi Holdings, in exchange for a 49% interest in DeFi Holdings. The 20,000,000 common shares are fair valued at a price of $0.13 per share, based on the trading price of the common shares issued, for a total value of $2,600,000. The Company assessed that it holds significant influence over DeFi Holdings and as such has accounted for this investment using equity accounting. Subsequent to December 31, 2020, the Company acquired the remaining 51% of Defi Holdings. (Emphasis added). The audited financials include legacy assets in the natural resources sector which I am guessing have since been sold (or are in the process of being sold). In any case, legacy Routemaster Capital, the former name of the Company, was seemingly the vehicle for the (reborn) Company to put into place the DeFi strategy. Thus, the audited financials are less valuable at this juncture since the Company's past history is no longer relevant. The bottom line being that the first quarter numbers, together with any guidance provided, will prove to be the baseline for future comparisons and expectations. A quick example of why I think the audited financials are not worth much: on December 31, 2020, the Company reported Total Assets of $7,296,044, but as I pointed out above, its current passive stake in HIVE is worth rough $12,500,000. We also know that the Company has a trading portfolio housed in its Bermuda subsidiary (value unknown at this time), but if we assume the $636,000 of digital assets showing up on the balance sheet at 12/31/2020 was used for the trading portfolio, then we can estimate that the trading portfolio is now worth roughly $4 to $5 million today (assuming a 7X return; as of the reporting date; as noted above, the portfolio reported gains of 755%). Pulling it Together With barriers to participating in DeFi relatively high, the Company aims to provide shareholders with diversified exposure to the emerging DeFi sector. The Company is building out its business across several verticals and there are signs, particularly in the structured products and trading divisions, that things are off to a solid start. Moreover, the DeFi Ventures division is making seed investments. The strategic relationships with HIVE and Pomp also offer credibility. I think the Company is a long-term buy with a lot of potential. That view has to be qualified since the Company's reported financials are now stale in light of the Company's rebirth as a DeFi company; as such I believe DeFi Technologies Inc. is a Speculative Buy. Do your own due diligence; there are lots of risks, many of which are outlined in a recent Company disclosure document.

DeFi Governance The Company describes this offering as follows: The best way to think of it [the Defi Governance product] is similar to a public company opting to install independent board members. The DeFi Governance product will work with decentralized networks to run independent nodes that will validate transactions and provide governance on the network. As the only public company dedicated to the DeFi space the company believes it is uniquely positioned to fulfill this emerging need in the marketplace." Source: Company website I am interested to learn more about this vertical and how the Company thinks it can monetize this offering. DeFi Ventures Through its venture capital arm, the Company seeks to invest in a number of early-stage DeFi projects. It recently announced that it has co-invested alongside Pomp Investments into SOVRYN, one of the initial implementations of decentralized finance technologies specifically designed for the Bitcoin network. In addition, in March 2021, the Company issued a press release highlighting its investment in Volmex Finance. Volmex Finance is a leading volatility index crypto platform and Volmex's products are intended to provide crypto traders with cost-effective tools to hedge against the volatility risks associated with the crypto market. DeFi Bermuda (Trading) The Company's DeFi Bermuda subsidiary recently reported that it had generated 755.47% returns since January 12th. According to the press release, the (unrealized, as far as I can tell) trading returns were as follows: AssetsBought on 12 Jan atPrice on 20.03.2021 - 00.15 CET% ChangeUniswap$5.22$33.48641.38Aave$116.83$372.28318.65Sushi$3.85$20.38529.35Compound$166.45$441.28265.11Maker$1'367.16$2'115.41154.73Yearn$30'059.51$36'447.76121.25Republic$0.35$1.12315.62Balancer$17.56$61.25348.80Curve$0.61$2.72447.39WNXM$27.33$47.29173.031inch$1.12$4.98444.64DerivaDAO$3.45$8.36242.32Synthetix$13.24$19.91150.38MAPS$0.07$1.031471.43Oxygen$0.05$2.945880.00 The press release does NOT indicate how large the trading portfolio is, which is unfortunate. Hopefully there will be more detail in the next earnings reports. As of 12/31/2020, the Company's balance sheet did include $636,000 of digital assets. I cannot say for sure whether that figure represents the trading portfolio, but I do assume that to be the case later on in this article. Other Investments/Partnerships In addition to the foregoing activities, the company has also entered into a strategic relationship with HIVE, including a share exchange, pursuant to which HIVE took a 6% ownership interest in the Company, and the Company received 4 million shares of Hive, which shares are currently valued at roughly $12.5 million.

Guten Morgen. Auf eine dunkelgrüne Woche 👍🙂

Structured Products/DeFi ETNs/ETPS The Company believes that DeFi protocols are the future of finance and they are trying to help every day investors gain access to the space through a suite of financial products offered by the Company's Valour subsidiary; namely Exchange Traded Protocols (ETPs) and Exchange Traded Notes (ETNs). Such structured products allow investors to gain crypto exposure without having to open up a crypto account. These products are especially attractive for older investors (and the less tech savvy) who like the comfort of familiar investment wrappers that can be purchased directly on their traditional brokerage accounts. The specific structured products that are currently available from Valour are Bitcoin Zero and Ethereum Zero, respectively, and these investments are "tracker-certificates" in the related protocols. In short, they are paper claims that are intended to mirror the returns of the respective protocols. Thus, not surprisingly, risks highlighted in the Final Terms document for Bitcoin Zero include the following (equally applicable to Ethereum Zero): The Securities are designed to mirror the performance of the underlying asset, i.e. the price of Bitcoin. The underlying asset is denominated in USD while the Securities will be trading in SEK, which imply that the value of the Securities is subject to fluctuations in the exchange rates of the USD to the SEK. The Securities thus represent a synthetic exposure to Bitcoin and the USD through an unsecured debt obligation which the investor holds until they are either sold, have been redeemed or have expired. The Securities are therefore neither fully nor partially capital protected by law or by its design and thus pose a risk for investors where they could lose parts or the entire invested amount. The return of the Securities may be more or less than what a comparable investment directly in the underlying asset would yield." [Emphasis added] If you have ever invested in commodity ETN, ETF or related products, you're probably well aware that the price of some of those structured products do not always track well with respect to the underlying commodity asset or index. I am not particularly a fan of such products, but have used ETNs for agricultural commodity exposure from time to time. In the end, I think such structured products can be valuable if the protocols are not currently investable through traditional channels. With respect to fees, according to Valour's website linked above: Bitcoin Zero precisely tracks the price of BTC without charging management fees, making investment in the world’s best-known digital asset easier, more secure and more cost-effective than all other options." While there are no management fees, Valour collects a spread of up to 4% on the sale of these tracker certificates. Valour also earns the staking rewards on the protocols. The Valour products are available on certain European exchanges. As best as I can tell, the company currently has over $60 million of structured product assets under management or AUM as of April 9, 2021, according to slide 17 in the Company's most recent investor slide deck. DeFi Treasury DeFi Treasury is an operating vertical pursuant to which the Company assists business entities make a partial allocation of their Treasury reserves into DeFi protocols. With such protocols offerings yields of up to 15%, the Company believes it can provide value to its clients by showing them how to diversify a portion of their Treasury reserves. To put it another way, DeFi Treasury is offering clients a path to dip their toes into DeFi and earn higher yields on their reserves. It's not the all-in MicroStrategy (MSTR) approach, but instead this approach is something the average CFO and Board can probably wrap their heads around.

Damian Mark Introduction DeFi Technologies Inc. (OTCPK:DEFTF) is a corporation domiciled in Canada (the "Company") that seeks to enhance shareholder value through building and managing assets in the decentralized finance sector (sometimes referred to herein as "DeFi"). Among other things, the Company, formerly known as Routemaster Capital Inc., styles itself as a player in the disruptive and transformative world of DeFi and it aims to help non-DeFi enterprises transition into this new world, which is growing at breakneck speed. This YouTube interview by Anthony Pompliano, an advisor to the Company ("Pomp"), with the Company's CEO, Wouter Witvoet, is helpful context for understanding the Company. The Company trades in the over the counter (pink sheet) market in the U.S. Due to slim volume, executing trades is not always easy. The stock is volatile and limit orders are absolutely necessary. Over the last month or so, I have built a small, but growing, position with a cost basis of roughly $1.25. For the record, this is a speculative investment. In this regard, the audited financial statements available for 12/31/2020 provide that "the Company's status as a going concern is contingent on selling investments and issuing equity or debt." Nonetheless, I have been buying shares in the Company for four reasons: 1) My brother tipped me off to the Company (my brother is a seasoned hedge fund pro, now turned entrepreneur). 2) Pomp's involvement. Through his firm Pomp Investments, Pomp has been successful in making early stage investments in DeFi. I believe he was an early round investor in BlockFi. He was also co-founder of Morgan Creek Digital and writes widely read daily newsletters on the space. He and crypto mix well too on YouTube; in my view, he defeated Mike Green handily in a "recent" Bitcoin (BTC-USD) debate. In short, Pomp brings credibility to the Company. 3) HIVE Blockchain Technologies Ltd. (OTCQX:HVBTF), a company in which I own shares (referred to herein as "HIVE") and have written about here, owns 6.5% of the Company. HIVE has also partnered with the Company, and the Company has an equity interest in HIVE (more on that below). 4) The Company's structured products and trading portfolio seem to be showing signs of early success, and its venture capital arm has started to make some seed investments. I believe the Company offers investors several options to win, and it's this optionality that has me optimistic about its future prospects. *** Having added this speculative investment to my portfolio, I decided to write an article on the Company in order to learn more about it. What follows is my (first, and probably not the last) attempt to better understand the Company, which as it turns out, is not particularly easy to do as it has essentially been reborn in 2021. What I can offer fellow investors, however, is an overview of what the company is doing in DeFi (a lot!).

@Gigson Danke vielmals für die Antwort. Bin bei Seekingalpha leider nicht registriert, drum sehe ich den vollständigen Text nicht. Vielleicht könntest ihn einfach reinkopieren? Werde mich aber wahrscheinlich noch registrieren.

Attacke! Auf einen grünen Start!

Sehr spekulativ, hört sich aber nachvollziehbar an..

Zu deiner gestrigen Frage @Chris11 Der Kollege im Link oben geht davon aus, dass ca. 600k im Handelsportfolio (Defi Bermuda) von Defi investiert sind...

https://seekingalpha.com/article/4422800-defi-technologies-inc-call-option-on-defi-space