Balancer Protocol to be integrated in dHEDGE V 2.0
dHEDGE receives a Balancer builder Grant
Balancer Grants DAO is excited to announce the approval of the grant application by dHEDGE DAO to integrate Balancer Protocol into the dHEDGE platform.
dHEDGE is democratizing access to hedge funds by building a permissionless platform for active portfolio management. The platform already has over 250 managers actively managing nearly $30M in assets via dHEDGE. The new version of dHEDGE allows managers to utilize DeFi protocols to enhance portfolio returns.
The grant covers the integration of Balancer Protocol into the dHEDGE platform to allow dHEDGE managers to trade and utilize Balancer pools. This integration focuses on the Polygon instances of the Balancer Protocol and dHEDGE platform. Included in the grant is back- and front-end integration and a security audit.
In the next 4–6 weeks the dHEDGE team will work closely with the Balancer Grants DAO to finalize the integration and prepare a joint marketing effort.
“We’re super excited to build with Balancer and be the recipient of a builders grant. The vision for dHEDGE is to make asset management accessible to all. The integration of Balancer with dHEDGE will enable managers to build on-chain indices and other powerful instruments.” — Ermin, dHEDGE co-founder
“The Balancer Grants DAO is stoked to empower pool managers with the utility of the Balancer Protocol. dHEDGE has built up a valuable platform for actively managed pools. As both protocols are deployed on Polygon and share a similar vision, there is a very strong synergy between the two.”- Luuk, Balancer Grants member
About dHEDGE
dHEDGE is a decentralized asset management protocol connecting the world’s best investment managers with investors on the blockchain in a permission less, non-custodial, trustless fashion. dHEDGE aims to democratize the investing experience leveraging Blockchain technology.
dHEDGE V2 was recently released and facilitates a flexible framework for adding new assets and possibilities even beyond staking and yield farming, like leverage and short selling.
About Balancer Grants
The BAL Grant program is one way BalancerDAO promotes the development of the Balancer Protocol and Ecosystem.
The BAL Grant program provides support and funding ($1K — $75K) to projects committed to supporting Balancer Protocol in achieving its mission to become the number one source for Decentralized exchange trades. This program is a good fit for individuals and groups that want to run a project that builds technology or resources on the Balancer Protocol.
Apply now!
If you are interested in supporting the development of the Balancer Ecosystem or want to build on top of the Balancer Protocol, this is your chance! Get started by filling in the Grants Application form.
For further questions about how the Grants DAO works, check out the grants page, follow us on Twitter, or send an email to grants@balancer.community.
