FAANG! The 5 Big Tech Stocks.
Are you aware of FAANG which recently took hype in the world of the internet?
The five stocks of FAANG are all of your familiar tech giant brands, whose products and services make our lives daily.
- Facebook (FB) is the social media platform, owner of Instagram, WhatsApp. It has returned more than 41% from Oct 28, 2019, to Oct 28, 2020, and more than 162% since Oct 28, 2015.
- Apple (AAPL), the sole product manufacturer of the group, has returned more than 82% over from Oct 28, 2019, to Oct 28, 2020, and more than 272% since Oct 28, 2015.
- Amazon (AMZN), the world’s largest e-store, has returned more than 79% from Oct 28, 2019, to Oct 28, 2020, and more than 405% since Oct 28, 2015.
- Netflix (NFLX), the superpower of streaming, has returned 72% from Oct 28, 2019, to Oct 28, 2020, and 348% since Oct 28, 2015.
- Google (GOOG, GOOGL), has a name synonymous with internet searches and services. Its GOOG shares have increased by more than 20% from Oct 28, 2019, to Oct 28, 2020, and over 113% since Oct 28, 2015.
- source: https://medium.com/an-idea/faang-the-5-big-tech-stocks-375c56d0d018
But what if you can invest in these stocks WHEREVER YOU ARE?
DAOventures DeFi makes it possible for people all over the world to invest in FAANG stocks, without troublesome account opening, KYC, and verification procedures.
This strategy gives users exposure to the FAANG basket of stocks.
Except on steroids, and only half the volatility.
Mirror gives us an incredible yield farming opportunity, to become liquidity providers of mirrored equities paired with stablecoins. On DAOventures, we’re pairing FAANG stocks with UST.
With the yield farming on Mirror, liquidity providers can receive 90–110% APR in the form of MIR, the governance token of Mirror Protocol, along with $DVD!
Read the full introduction on DAO FAANG Stonks: https://link.medium.com/NEnOajGeAib
Incentives earned from yield farming these pairs would be sold once a day and used to buy back more LPs so that investors grow their portfolio value over time. This automatic compounding is done by our smart contracts.
The portfolio will be rebalanced quarterly to reset the strategy back to its standard allocations and weights laid out above so that you will always maintain an ideal allocation to bitcoin!
Providing liquidity comes with the risk of impermanent loss, where your holdings in an outperforming asset within a pair decreases if there is a pronounced divergence over time between the values of both components. This strategy comes with a significant risk of impermanent loss!
Because it is still an early-stage innovation, DeFi smart contract vulnerabilities may lead to investors losing all their capital.
DAOventures is a smart multi-chain DeFi asset manager.
DAOventures provides a wide range of automated DeFi investment strategies and helps people manage their DeFi assets so that everyone can enjoy the full benefits of DeFi investment with the click of a button.