Thursday, September 29

Imantia and Onyze, selected in the II edition of the Sandbox of Spain By CoinTelegraph

© Reuters. Imantia and Onyze, selected in the II edition of the Sandbox of Spain

On December 27, the project of the companies Imantia and Onyze were two of the four projects selected by the Secretary General of the Treasury and International Financing to be part of the II Edition of the Sandbox of Spain, in which they must create the first finance fund decentralized (DeFi) loans.

For this new joint project both companies, both Imantia and Onyze complement each other since, the first is a management company of investment funds and pensions that bases its work on drawdown, volatility and diversification and for its part Onyze is dedicated to crypto -custody.

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According to the information provided in the press release received by both companies, the idea raised is about creating a decentralized loan finance fund which will be governed by the policy of investing with stablecoins in the decentralized loan market. Since, since digital assets are tied to the dollar, stablecoins act as a minimizer in relation to volatility. Likewise, the profitability of the fund will be based on the interest that is created from the stablecoin loan market since, due to the current lending protocols, these allow to generate interest of 5% to 10%.

Read the full article on Cointelegraph

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