{"id":573984,"date":"2022-08-04T12:27:13","date_gmt":"2022-08-04T11:27:13","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=573984"},"modified":"2022-08-04T12:27:22","modified_gmt":"2022-08-04T11:27:22","slug":"virginia-pension-fund-use-yield-farming","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/virginia-pension-fund-use-yield-farming\/","title":{"rendered":"Virginia Pension Fund Aims To Boost Its Returns Using Yield Farming"},"content":{"rendered":"\n<ul><li>The Fairfax County Retirement Systems will invest in yield farming schemes.<\/li><li>Chief investment officer Katherine Molnar spoke about the strategy in an interview.<\/li><li>The regulatory landscape in the U.S. is changing, and with that, more incumbent institutions may warm up to crypto.<\/li><\/ul>\n\n\n\n<p>The Fairfax County Retirement Systems, a pension fund in the state of Virginia, will invest in yield farming schemes in a bid to boost returns in its fund. Chief investment officer of the Fairfax County Police Officers Retirement System Katherine Molnar said that some of the yields are really attractive, among other things.<\/p>\n\n\n\n<p>The Fairfax County Retirement Systems <a href=\"https:\/\/news.bloomberglaw.com\/employee-benefits\/virginia-pension-funds-mull-investing-in-crypto-yield-farming\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">decided<\/a> to add crypto as part of its portfolio in May 2022. It has also invested in blockchain before, <a href=\"https:\/\/www.fairfaxcounty.gov\/retirement\/note-executive-director-our-investments-blockchain-technology\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">through<\/a> the Morgan Creek Blockchain Opportunities Fund. Fairfax\u2019s crypto holdings amount to more than 8% of its portfolio.<\/p>\n\n\n\n<p>Regarding the technology and its potential, Molnar seemed keen, <a href=\"https:\/\/www.ft.com\/content\/7cb3f87d-7cb3-4429-952a-ba122efdda3b\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">saying<\/a>,<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cFor those that are still willing to provide liquidity, decent profit seekers, they\u2019re actually able to earn more attractive yields at the moment\u2026we were at a conference and we heard an academic who teaches a course on the topic speak. We were really intrigued by the promise of the technology and its products.\u201d<\/p><\/blockquote>\n\n\n\n<p>The overall impression that Molnar and others gave was one of hope. Molnar believes that \u201cthings will bounce back and the stronger technologies will probably survive.\u201d<\/p>\n\n\n\n<p>This is yet another milestone for the crypto market, which has seen a lot of ups and down in recent months. The fact that a pension fund is investing in the crypto lending space after the recent fallouts of major players is a strong sign of conviction in the market.<\/p>\n\n\n\n<h2>Crypto Marches Forward Despite Hiccups<\/h2>\n\n\n\n<p>The crypto market has endured a lot over the past few months, but that hasn\u2019t stopped it from marching on in its path towards global adoption. The DeFi market continues to grow, and more countries are beginning to recognize the asset class as a legitimate one.<\/p>\n\n\n\n<p>With that comes certain changes, like regulation, which in the short term may cause some pain. With the fall of UST, <a href=\"https:\/\/en.ethereumworldnews.com\/ust-depeg-catches-attention-of-us-treasury-secretary-yellen-stablecoin-regulation-by-eoy\/\" target=\"_blank\" rel=\"noreferrer noopener\">stablecoins<\/a>, in particular, have come under the radar of authorities.<\/p>\n\n\n\n<p>The United States is <a href=\"https:\/\/en.ethereumworldnews.com\/crypto-bill-not-pass-2022-lummis\/\" target=\"_blank\" rel=\"noreferrer noopener\">set to regulate<\/a> the crypto market by 2023 latest, while others like <a href=\"https:\/\/en.ethereumworldnews.com\/brazils-senate-votes-yes-to-bitcoin-and-crypto-regulations\/\" target=\"_blank\" rel=\"noreferrer noopener\">Brazil<\/a> are already well on their way. Regulation is not inevitable, but the current sentiment seems to be one of acceptance, as opposed to draconian clampdowns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fairfax County Retirement Systems will invest in yield farming schemes. Chief investment officer Katherine Molnar spoke about the strategy in an interview. The regulatory landscape in the U.S. is changing, and with that, more incumbent institutions may warm up to crypto. The Fairfax County Retirement Systems, a pension fund in the state of Virginia, will invest in yield farming schemes in a bid to boost returns in its fund. Chief investment officer of the Fairfax County Police Officers Retirement [&hellip;]<\/p>\n","protected":false},"author":52,"featured_media":573990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[947,108120,2],"tags":[48,83,7092,108649,162,108648,108096],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573984"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=573984"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573984\/revisions"}],"predecessor-version":[{"id":573994,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573984\/revisions\/573994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/573990"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=573984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=573984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=573984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}