Crypto Investing: Defi Vc Says 'yield Wars Aren't Over Yet', Framework Ventures

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Summary List PlacementCrypto venture capitalist Michael Anderson is known for making bold predictions and for having an eye for investing in decentralized finance (DeFi). Both Anderson and his co-founder at Framework Ventures, Vance Spencer, made early bets on Chainlink (LINK), a protocol that allows blockchains to securely talk to external data feeds, and Synthetix (SNX), a derivatives-liquidity protocol. The protocols have surged 269% and 350%, respectively, over the course of the year. Anderson and Spencer's skill in understanding DeFi helped them raise their first venture fund at $15 million in 2019.

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