KR1 KR1 Plc

 
TIDMKR1 
 
17 September 2021 
 
                                    KR1 plc 
 
                           ("KR1" or the "Company") 
 
                             Investment: Minterest 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to 
announce that the Company has invested a total of US$350,000 into Minterest 
("MNT"), in return for a yet-to-be-determined amount of MNT tokens. KR1 
invested alongside respected investors such as Digital Finance Group and CMS 
Holdings. 
 
Minterest is an innovative borrowing and lending protocol, built by industry 
leaders to service the continuously growing decentralised finance ecosystem, 
with the specific aim of putting user benefits at its core. Operating its own 
on-chain liquidation and buyback mechanisms, the Minterest protocol 
automatically distributes the value it captures from interest rate, flash loan 
and liquidation fees, to users. The protocol also features a buyback mechanism, 
allowing users to receive protocol revenue in addition to underlying borrow and 
lending rates, which creates competitive long-term yields. 
 
George McDonaugh, Managing Director and Co-Founder of KR1, commented: 
 
"The decentralised finance ecosystem is expanding at a rapid pace, thus it is 
important to always be pushing the envelope and improving in order for DeFi to 
move truly mainstream. Minterest has engineered a great long-term model because 
everyone gets their fair share of the rewards the protocol generates." 
 
The Directors of KR1 plc accept responsibility for this announcement. 
 
                                   --ENDS-- 
 
For further information please contact: 
 
KR1 PLC 
George McDonaugh                                                    +44 (0)16 2467 6716 
Keld van Schreven 
Simon Nicol                                                                simon@KR1.io 
 
Peterhouse Capital Limited                                     (AQSE Corporate Adviser) 
Mark Anwyl                                                          +44 (0)20 7469 0930 
 
Nominis Advisory Ltd                                                       (PR Adviser) 
Angus Campbell                                                                pr@KR1.io 
 
About KR1 plc 
 
KR1 is a leading digital asset investment company supporting early-stage 
decentralised and open source blockchain and DeFi projects. Founded in 2016 and 
publicly traded in London on the Apex segment of the AQSE Growth Market (KR1: 
AQSE), KR1 has built a notable reputation for generating significant returns by 
investing in many key projects that are designed to power the decentralised 
platforms and protocols that are emerging to form new internet infrastructures. 
 
www.KR1.io 
 
Market Abuse Regulation (MAR) Disclosure 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as 
defined in the European Union (Withdrawal) Act 2018). 
 
 
 
END 
 
 

(END) Dow Jones Newswires

September 17, 2021 07:13 ET (11:13 GMT)

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