Crypto Hedge Fund Looks for $50M to Buy DeFi Tokens Amid Market Pullback: Author – CFR

Reported By: CryptoFundReport.com

CoinDesk – The cryptocurrency money manager Panxora seeks to raise up to $50 million for a new hedge fund to buy digital tokens associated with the fast-growing decentralized finance (DeFi) sector. But in a sign of just how fast-moving and fickle digital-asset markets can be, the new fundraising effort is getting underway just as prices are tumbling for some of the leading DeFi projects, including Yearn.Finance and Aave.

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