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A Virginia pension fund just gained approval to invest in crypto 'yield farming' despite deep losses in the space

2 days ago   |   By Business Insider

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A pension fund in Virginia gained approval to invest in crypto lending to grow portfolio returns, according to the Financial Times .
The Fairfax County fund is will allocate capital for crypto yield farming despite the collapse of prices in the sector this year.
Yield farming involves staking cryptos for a fixed period in exchange for interest payments.
A Virginia pension fund with $6.8 billion under management gained approval from its board of trustees Friday to invest funds in cryptocurrency yield farming, according to a Financial Times report. The Fairfax County Retirement...
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