PANews reported on October 10 that according to Globenewswire, investment fund Banana Capital announced plans to increase its fund size to US$100 million to expand AI-driven DeFi strategies for more efficient Web3 asset management and improve capital efficiency to cope with the risk of impermanent loss in decentralized exchange (DEX) liquidity pools. It is reported that the fund is developing an IT solution to help users effectively manage the capital and liquidity pools of any portfolio assets. It currently mainly serves cryptocurrency investors holding ETH, BTC or SOL in their portfolios.
