DeHive 🐝— The First fully decentralized Crypto Index
Imagine holding a crypto basket representing the top DeFi assets in a fully decentralized space. Meet DeHive, the first-to-market Decentralized Crypto Index!
What is DeHive?
🔥🔥🔥The first DeFi protocol that helps you to gain the maximum profit from the entire DeFi market while holding just one token🔥🔥🔥
| ENTER OUR HIVE in Telegram and discover further updates and info about tokensale|
DeHive is a decentralized protocol that allows the user to become a holder of the top DeFi tokens packed into one index with one click. The index represents noticeable and impactful DeFi assets, which we use to evaluate the economic health of the crypto-market. That is why making a single operation can bring you all the benefits of the full basket of crypto-assets.
The index is composed of the price of the selected tokens which serve as an indicator of the general direction of DeFi market development. Thus, the user gets a portfolio holding the top crypto assets represented by an algorithmically-driven index.
The DeHive protocol is built and fully maintained by the Blaize team of blockchain experts. Blaize is a software development company with more than 4+ years of experience in crypto technology and blockchain solution development.
Blaize has vast experience working with top 100 leading blockchain-based projects on Coinmarketcap✅. It has in-house teams of back-end, front-end, QA and DevOps engineers along with blockchain auditors that are able to provide solutions with the highest level of security.
The idea of creating a fully decentralized crypto index was born out of the market demand and ongoing seeking for new opportunities for investment. The current market is able to offer a wide list of brilliant altcoins and assets that gather trust and more influence among other positions.
Having one index carry the power of the top DeFi tokens is the best idea in terms of securing and strengthening your underlying funds.
📈The total market capitalization and in-depth research of each asset in the basket are core weights in the calculation of the index made by crypto analysts and DeFi experts.
How do we do this 🤔?
DeHive provides you with the opportunity to own a single token that ensures a profitable portfolio for the holder.
The initial DeHive index unites several top-notch DeFi protocol tokens into a single basket. The first index DeHive issues is based on the best DeFi aggregators, liquidity pools, and financial market strategies applied by our DeFi experts and analysts.
The DeHive platform implements a mechanism that purchases the underlying crypto assets to support the index. The protocol uses an in-built system of oracles in order to ensure the acquisition of the selected tokens at the best price the market offers.
Therefore, the index is backed by a set of crypto assets in an optimal proportion for passive income. If needed, the platform has the ability to rebalance the underlying set of assets to minimize risk.
Important! Only the number and proportion of tokens are balanced. The prices are taken from the oracles and do not fluctuate within the curve like in AMM-based protocols.
Thus, the system ensures the protocol has no loss and the index is backed in full.
| Find out more about protocol functioning and DeHive TOKENOMICS in this article |
What’s new🤩?
🔥🐝DeHive is the first platform to offer the creation of custom crypto indexes representing your personal investment portfolio that can appreciate in value through the DeHive platform.
Create custom indexes
The protocol will present several in-house crypto indexes available to the user and provides a place for traders and platform users to issue their indexes featuring its own unique set of crypto assets. Therefore, the platform’s system allows you to collect and combine your own portfolio, convert it to the custom index and deliver it to the market through the DeHive platform.
Depending on the principle behind choosing the underlying group of assets, the custom index displays the health and market state of particular sectors of the crypto environment, for instance, the decentralized exchange sector or a group of decentralized derivatives, etc.
🐝🐝🐝Join the DeHive Telegram group to get up-to-date info regarding launching your own crypto index🐝🐝🐝
Stake DeHive Index and get an extra yield on your assets🤑!
The DeHive protocol enables an optimal strategy for users to stake the token which represents the index and benefit from yield farming opportunities.
In essence, it comprises the following four steps:
- User locks a certain amount of their acquired index tokens along with the DHV token so stake it within the protocol;
- The smart contract using the in-built oracles retrieves the current prices of the underlying crypto-assets;
- Corresponding to the chosen index, the platform sends the underlying currencies separately to the yield farming protocols using the most optimized strategies;
- The converted yield is returned to the user in the form of new index tokens backed by the profit generated.
So nothing appears out of thin air or disappears into dust, unlike some existing DeFi protocols.
| ENTER OUR HIVE in Telegram and discover further updates and info about tokensale|
