Iakov Levin Launches Locus Finance: A New Decentralized Finance Platform
Iakov Levin, the founder of the now defunct custodial crypto investment platform Midas Investments, has introduced a new decentralized finance platform called Locus Finance. This platform will enable users to access high yield-bearing tokenized vaults, as stated by the company. Locus Finance will initially offer three yield-bearing products centered around Ethereum staking, DeFi growth, and Arbitrum trading.
Key Points:
- Locus Finance, founded by Iakov Levin, is a new decentralized finance platform.
- Users will have access to high yield-bearing tokenized vaults.
- Initial offerings will include products focused on Ethereum staking, DeFi growth, and Arbitrum trading.
- Levin believes that investors require a set-and-forget style for specific exposure, without worrying about blockchains, protocols, transaction costs, and daily portfolio management.
- Levin emphasizes the importance of vaults in maturing the retail yield market and generating optimal wealth for retail investors.
Founded in 2018, Midas Investments managed more than $250 million in assets at its peak in 2021. However, due to unfavorable market conditions in 2022, Midas Investments incurred losses of over $50 million. Consequently, Levin publicly announced the closure of Midas Investments in December of the same year.
Hot Take:
Locus Finance, led by Iakov Levin, aims to address the needs of crypto investors by providing access to high yield-bearing tokenized vaults. By focusing on Ethereum staking, DeFi growth, and Arbitrum trading, Locus Finance offers a range of yield-bearing products. Levin’s emphasis on a set-and-forget style and the importance of vaults for retail investors demonstrates the platform’s commitment to enabling optimal wealth generation. With the closure of Midas Investments, Levin has embarked on a new venture in the decentralized finance space with Locus Finance.
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