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Prophecy DeFi (CSE:PDFI) subsidiary generates over $2M in returns in first 90 days of operation

Cryptocurrency, Sponsored, The Watchlist
CSE:PDFI
19 October 2021 13:45 (EDT)

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Prophecy DeFi subsidiary Layer2 Blockchain has generated yield and capital gains of $2.01M over a 90-day period beginning on July 17th.

Layer2 purchased a total of $3.65M in digital assets and has deployed these assets across eleven positions to generate an annualized rate of return of 492.5 per cent.

John McMahon, CEO of Prophecy DeFi sat down with Caroline Egan to discuss Layer2’s performance and Prophecy DeFi’s success.

Prophecy DeFi aims to bring together technology start-ups, fund innovation, promote industry research and create new business opportunities within the Blockchain and DeFi sectors.

Prophecy DeFi Inc. (PDFI) is down 7.61 per cent, trading at C$0.425 per share at 1:30 pm ET.

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