PEAKDEFI is a decentralized protocol that provides decentralized solutions on various blockchains. A core project of PEAKDEFI is a decentralized asset management fund, which is on Ethereum in the past. However, due to the high gas fees, the PEAKDEFI team decided to program this fund on the Polygon blockchain. Therefore, the new PEAKDEFI Yield Fund is now available on the Polygon chain.

What is PDYF?

The PEAKDEFI Yield Fund is a yield-generating token deployed across multiple market-neutral options-based strategies. Have a list of 7 different market environments, each with its unique strategy. Its quant research team determines which system to deploy in each environment. This fund targets a 15–40% return annually with a 5% or less drawdown. Investing in the PEAKDEFI Yield Fund can earn a consistent return no matter what the markets are doing.

How does PDYF gain value?

The PEAKDEFI Yield Fund seeks to gain value by increasing the USDC-denominated capital held within the tokenized fund, thus raising each PDYF token’s Net Asset Value.

What are the risks associated with Options-Based Yield Farming?

Options Based Yield Farming has become a popular way to generate yield in the DeFi space. However, several risks associated with this strategy need to be considered. The first risk is platform risk, as there is always the possibility that the platform on which PDYF is being could fail or hacks.

The second risk is liquidity risk, as the constant selling of options can lead to a lack of liquidity and high slippage. The third risk is market risk, as the underlying asset price could move against the position.

About PEAKDEFI

PEAKDEFI is a crypto ecosystem, that consists of the PEAKDEFI Ethereum App, the decentralized PEAKDEFI platform, and its education platform MarketPeak.

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SOURCE:
https://peakdefi.medium.com/peakdefi-yield-fund-launched-c8e7a086a86f

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PEAKDEFI, a decentralized asset management fund, announced its partnership with Premier League football club West Ham United.

Introduction to PEAKDEFI

To illustrate, the platform launched in 2020. PEAKDEFI is a self-funded project that provides decentralized finance for the community. Since then, they have established themselves as an ecosystem with various Decentralized Finance products.

While they continue to grow, PEAKDEFI continues to roll out new products and services to benefit the finance community. The latest of which, PEAKDEFI Launchpad, is a platform that allows users to gain early access to the latest DeFi projects.

About Partnership

Specifically, PEAKDEFI will promote its brand across the Club’s ever-growing channels and educate the West Ham United fans about investment opportunities through this partnership.

Nathan Thompson, Chief Commercial Officer at West Ham, said: 

“We are thrilled to welcome PEAKDEFI onboard as our new Official Decentralised Asset Management partner. As the DeFi space continues to grow, we are keen to ensure West Ham remains at the forefront of technological innovation. Partnering with brands like PEAKDEFI allows us to do just that and share that innovation with our fanbase.”

Sergej Heck, Co-Founder and CEO of PEAKDEFI, said:

“We are proud to be partnering with West Ham United. We look forward to engaging with the club’s global fanbase, and we hope to showcase the power of DeFi to the club’s community.

About PEAKDEFI

About West Ham United

West Ham United is a Premier League Football Club based in London, England. The club was founded in 1895, initially as Thames Ironworks, and reformed in 1900 as West Ham United. Moreover, the club has won the FA Cup on three occasions, in 1964, 1975, and 1980 and currently plays their home games at London Stadium.

SOURCE

https://peakdefi.medium.com/peakdefi-announces-partnership-with-west-ham-united-3f8a3aad559

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