Pantera Capital Crypto Funds Report 100% Returns Amid DeFi Craze

A boom in decentralized finance (DeFi) has turbo-charged returns for Pantera Capital’s bitcoin and mixed cryptocurrency hedge funds this year. From Jan. 1 to Aug. 31, Pantera’s bitcoin (BTC) fund gained 61%, its digital asset fund 168%, its initial coin offering (ICO) fund 323% and its long-term ICO fund 270%, thanks in large part to Yearn Finance’s YFI, Terra’s LUNA, Polkadot’s DOT, Flexa’s AMP and Ampleforth’s AMPL DeFi-related tokens, according to an investor letter sent out last week.

Other DeFi coins, like cryptocurrency collateral system MakerDAO’s MKR token (also traded by Pantera funds), were sold in private investor rounds. By the end of 2017, as cryptocurrency prices surged, the regular Pantera ICO fund was returning 347.6% and the long-term Pantera ICO fund was returning 6%.

Timeline of Luna, Ampleforth, Bitcoin, Maker, Polkadot-new, Synereo, Terra, Terra-luna, Yearn-finance