DeFi Technologies a technology company bridging the gap between traditional capital markets and decentralized finance, launches a new platform, Valour, a digital asset Exchange Traded Products (“ETPs”), with two new ETPs: Valour Terra and Valour Avalanche on the Nordic Market.
The new ETPs will enable both retail and institutional investors to gain exposure to the native tokens of the Terra and Avalanche networks as easily as buying shares from their bank or broker. The products are currently offered on the NGM stock exchange with other exchanges soon to follow, with listing dates to be announced in due course.
The Valour Terra (LUNA) ETP tracks the performance of LUNA, the native token of the Terra protocol, a leading decentralized and open-source public blockchain protocol for algorithmic stablecoins. Using a combination of open market arbitrage incentives and decentralized Oracle voting, the Terra protocol creates stablecoins that consistently track the price of any fiat currency and the Terra ecosystem is a quickly expanding network of decentralized applications. LUNA is among the top ten cryptocurrencies in the world by market capitalization, currently at USD $27.5 billion.
The Valour Avalanche (AVAX) ETP tracks the performance of AVAX, the native token of the Avalanche platform. Avalanche is an open, programmable smart contracts platform for decentralized applications aiming to rival Ethereum due to its high speed. Avalanche’s core innovation is that it is composed of three blockchains rather than the usual one, enabling the distribution of tasks to help keep the Avalanche platform agile while achieving decentralization, security and scalability. AVAX is among the top fifteen cryptocurrencies in the world by market capitalization, currently at USD $18.3 billion.
Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across four European exchanges. Valour’s existing product range includes Uniswap (UNI), Cardano (ADA), Polkadot (DOT) and Solana (SOL) ETPs, as well as Valour’s flagship Bitcoin Zero and Valour Ethereum Zero products, the first fully hedged, passive investment product with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee-free, with competitors still charging up to 2.5% in management fees.