ClearDAO Launches Notes Marketplace on Binance Smart Chain Testnet
ClearDAO announced today that the Notes marketplace on the Binance Smart Chain Testnet is now open to everyone for public alpha testing.
ClearDAO, as DeFi-derived infrastructure for multiple blockchain ecosystems, offers a full range of DeFi derivative templates: Options, Futures, Notes (like public funds), Swaps (like CDS and TRS), and Indices (like synthetic assets) to provide developers with underlying protocols and tools to accelerate the development of DeFi markets.
Notes are structured financial products with a fixed maturity that a fund manager actively manages to gain profits or capital appreciation from a diversified portfolio.
Fund managers can make customizable investments in two underlying assets: options and lending. The option is one of the ClearDAO templates launched on the Clear platform, and lending is done via Venus. Fund managers can issue Notes by setting up customizable investment plans and raising funds from fund subscribers. These notes have durations of 30, 60, and 90 days. Fund managers can issue structured notes for investors to subscribe to during subscription periods. Once the subscription period is over, fund managers will use the USDT funds subscribed to make investment decisions regarding when to lend assets for income and which options to purchase. At note maturity, investors will be able to claim investment returns. Fund managers earn a 2% management fee and a 20% performance fee for their services.
To become a fund manager has to be verified by the ClearDAO team, and his Ethereum address needs to be added to the fund manager whitelist.
Fund managers pool the funds for investment and distribute the profits proportionally to the subscribers.
The Notes provide the average investor access to blue-chip assets, especially when they are priced beyond the individual’s capacity. In addition, Notes can also be considered low-risk investments, as they diversify risk through multi-asset investments.
➡️ Guide to ClearDAO NOTES Marketplace Public Alpha.
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