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Prophecy DeFi Inc. (“Prophecy DeFi“, “PDFI” or the “Company“) (CSE: PDFI) is pleased to provide an operational update, further to its press release dated October 19, 2021, on its wholly owned subsidiary, Layer2 Blockchain Inc. (“Layer2” or the “Subsidiary“) Layer2 Blockchain Investment Update Since our press release of October 19th highlighting the first 90 days of operations, Layer2 has continued to produce significant returns from existing positions, generating yield and capital gains of $2.98M from its original $3.65M in deployed capital in...

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Equilibrium, a multi-chain framework for building asset-backed stablecoins and decentralized finance (DeFi) products, has used its own capital to establish the cryptocurrency industry’s first Stability Fund. Worth 6.5 million EOS (approximately $17.5 million), the fund aims to provide users with an insurance buffer to protect against market volatility. The Stability Fund’s 6.5 million EOS coins are locked in separate, discrete smart contracts that are activated in the event of volatile market swings that may otherwise...

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