Finexify Asset Management reports a YTD 2020 return of 9.47% for the Green Legend Fund – a DeFi mutual fund

Fund YTD 2022 results outperformed the S&P 500, Bitcoin, GOLD and VNQ (Vanguard Global Real Estate Index ETF) as shown in the table.

Despite ongoing bear market sentiment, liquidations, and bankruptcies in the DeFi space, the fund has remained stable, profitable, and in the green.

BRITISH VIRGIN ISLANDS, Jan. 13, 2023 /EINPresswire.com/ — The Green Legend Fund — a DeFi mutual fund (“the Fund”) — has released its latest financials, reporting consecutive quarterly earnings and stable liquidity. This is the result of an investment strategy that continues to deliver exceptional alpha to its investors, officials at Finexify Asset Management, the company behind the fund, said.

Finexify Asset Management has decided to switch to and implement a market neutral investment strategy at the end of June 2022 to avoid temporary losses. The extreme volatility of cryptocurrency prices in the second quarter of 2022 stood in the way of the fund’s previous results-oriented investment strategy. Despite the uncertain market conditions in the DeFi space, Finexify reported Q1’22: 6.02%, Q2’22: -3.8%, Q3’22: 3.09% and Q4’22: 3.9%, both on stablecoins as well as Ethereum. The 2022 YTD return was 9.47%.

The latest Finexify report comes amid a string of failures across the DeFi space: crypto hedge fund Three Arrows Capital, crypto lender Celsius, crypto broker Voyager, and crypto derivatives exchange FTX, to name a few all declared bankruptcy, which serves to emphasize the stable and consistent performance of the fund.

Finexify’s more prudent approach has proven successful as The Fund has not only stayed on the map but also in the green, outperforming the competition in the DeFi sector. The fund currently has $2.5 million in assets under management and has posted a cumulative return of 70.45% in ETH and 88.28% in USDT since inception on February 12, 2021.

Fund YTD 2022 results have outperformed the S&P 500, Bitcoin, GOLD and VNQ (Vanguard Global Real Estate Index ETF).

“Finexify remains fully liquid despite everything that has happened over the past eight months,” said co-founder Valentin Mihov. “The market has been as brutal and volatile as can be and fear and uncertainty have plagued the space. We can look back and brood at all of the black swan events that played out in 2022: the crash of Terra Luna, the bankruptcies of Celsius, BlockFi, and Three Arrow, and finally the implosion of FTX. For this particular reason we continued to monitor the market daily and adopted our new strategy to get confirmed confirmation that it was working. During the Luna crash, we acted quickly to avoid losses as even stablecoins like USDT took a hit,” added Mr. Mihov.

“The fund’s newly launched strategy of providing liquidity to pools without being exposed to choppy losses was stress tested in the fourth quarter of 2022 during the FTX market meltdown as the market reached its peak of fear. For that period, Finexify reported a 3.9% return, which translates to a 15.6% annualized return. We are pleased with these results and consider pursuing and even improving this investment strategy.

For 2023, the fund aims to achieve an annual return in the range of 15-20%. “This is entirely realistic as we believe there is a good chance that the bottom of the market is currently forming and investor interest in crypto will slowly recover as we begin Q2 2023. Our team believes in the future growth of DeFi, its superior technology is permissionless and trustworthy. One of the areas we are closely following is the tokenization of tangible assets (e.g. real estate) and we are seeing some interesting developments in this area,” said co-founder Gary Guerassimov.

About Finexify

Finexify is an actively managed digital asset investment vehicle that uses a market-neutral strategy to generate exceptional returns with unmatched returns in the global financial industry.

The fund provides liquidity to emerging but secure and fully vetted Automated Market Maker (AMM) protocols in the Decentralized Finance (DeFi) space (i.e. Liquidity Mining/Yield Farming). It is motivated by earning trading fees and tokens on a daily basis, thus generating significant alpha regardless of market volatility and risk of digital asset price swings.

Finexify’s Ethereum Green Legend Fund features proprietary crypto management, rebalancing and monitoring software that sets the highest current payout terms on the market. All pre-selected and fully vetted DeFi projects in which the fund invests are monitored 24/7 for code updates, technical upgrades and compliance issues.

Gary Guerassimov
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January 13, 2023 at 3:27 p.m. GMT

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