Elkrem Capital, a decentralised finance (DeFi) asset management service provider under the Cryptomind Group, has launched "E-Growth", a new investment strategy to help investors capture returns from DeFi amid market volatility.
Kannithi Thongthanakul, founder of Kim DeFi Daddy and Bitcoin Addict, said the investment scheme will help investors find ways to optimise yield gain in every type of market.
He said despite the current market crash, cryptocurrency and DeFi are still worth investing in because of increasing use cases that go beyond trading and selling.
Mr Kannithi said DeFi is catching up to traditional finance as it can function as a bank via the Venus protocol, as a stock exchange via the Mirror protocol, or as an asset manager via the Balancer protocol.
"One thing that differentiates DeFi from centralised finance like banks is that DeFi functions on code, allowing significantly lower costs because it does not require operational costs such as electricity, rental fees or employee salaries. DeFi platforms can give investors higher returns than traditional banks," he said.
However, there are thousands of platforms and many of them could be scams, making thorough research a prerequisite, said Mr Kannithi. Hence, investors need a solution to simplify the investment process, especially in uncertain and volatile markets.
He said E-Growth from Elkrem Capital uses half of investors' money to buy stablecoins, digital coins that are pegged to an asset such as the US dollar, and the other half for high-potential cryptocurrencies like Bitcoin.
Mr Kannithi said the scheme is an improvement on directly purchasing digital assets on one's own because Elkrem Capital buys the coins via DeFi platforms that provide yields to investors.
E-Growth has a minimum investment of 500,000 baht and will be available from May 12-19, according to the Bitcoin Addict website.
E-DFY is another investment scheme from Elkrem Capital that puts the majority of investors' funds into stablecoins.
By obtaining yield from the DeFi platform in the same way as the E-Growth plan, investors who have been with E-DFY since its start have seen their capital grow by 171%, said the company. E-DFY is best during bear markets because of its investment in stablecoins, he said.
