DeFiance Capital is a Decentralized Finance (DeFi) focused cryptoasset fund that combines fundamental research with an activist investment approach. Our focus on DeFi is intricately intertwined with our thesis on DeFi: As software ate the world over the last decade, DeFi will eat traditional finance during the next decade. Since inception, we have generated returns exceeding 600% for ourselves and our investors while during the same timeframe Bitcoin remained flat and most benchmarks recorded negative returns.