1.8M sUSD to be Invested on the dHEDGE Platform
dHEDGE DAO’s Open Call for Managers received massive interest from both professional managers and dHEDGE power users alike. We received more demand than expected, so the community members responsible for the initial selection of managers have suggested that the dHEDGE DAO increase its investment cap to 651,000 sUSD from the 500,000 sUSD initially proposed.
In addition, Synthetix will invest 100,000 sUSD into a dHEDGE pool managed by one of their community members.
One more thing…..
We’re also very happy to announce that some of the greatest supporters of dHEDGE and globally recognized investors Framework Ventures, DeFiance Capital, Divergence Ventures, Mechanism Capital, Klein Blue Capital and Alameda Research have together committed to invest at least another 550,000 sUSD into these managers.
Together with the managers’ own investments into their pools the grand total that will be deployed over the coming days and weeks is likely to exceed 1,800,000 sUSD.
The dHEDGE DAO is thrilled to support larger established investors in addition to smaller managers who are building a track record — after all, the ethos of dHEDGE is to use blockchain technology to democratize investments and lower the barrier to entry for everyone.
The DHT Stakers, that have staked the DHT-USDC Uniswap LP token on the dHEDGE platform will have the final say in the DAO’s investment decision. Stakers can shortly head to https://gov.dhedge.org/ where there will be a vote going on for each of the proposed investments in the table below. The votes will remain open until 1pm SGT Friday November 27. If a manager receives more ‘Yes’ than ‘No’ votes, the DAO will proceed with the investment.
The investments held by the DAO will be excluded from the upcoming Performance Mining program.
Once native DHT Staking is live, DHT token holders will control the pool tokens held in the DAO. Pool tokens are accumulated in the DAO through a 10% admin fee imposed on manager’s fees as well as through direct DAO investment programs like this.
A big thank you community members who helped with the initial manager selection;
Daniel Bar, Founder @ Bitfwd (比特未来 — 区块链创投)
Yama Zhang, VP of Partnerships, Three Arrows Capital, Founder @ Crypto Tonight
Josh Green, Managing Partner, Orthogonal Trading
Sharlyn Wu, Head of Huobi DeFi Labs, Huobi Group
Jordan Momtazi, Operations, Synthetix
Daryl Lau, Partner, Mechanism Capital
Ruby Wu, Initiator of DAOStep, Incuba Alpha DAO
Proposed Investments
More About dHEDGE
dHEDGE is a decentralized asset management protocol connecting the world’s best investment managers with investors on the Ethereum blockchain in a permissionless, non-custodial, trustless fashion. dHEDGE aims to democratise the investing experience leveraging the unique capabilities of Ethereum and Synthetix.
dHEDGE is supported by some of the biggest names in crypto, including Framework Ventures, Three Arrows Capital, BlockTower Capital, DACM, Maple Leaf Capital, Cluster Capital, Lemniscap, LD Capital, IOSG Ventures, NGC Ventures, Bitscale Capital, Divergence Ventures, Genblock Capital, Trusted Volumes, Altonomy, Continue Capital, The LAO, bitfwd (比特未来) and Loi Luu, Co-Founder and CEO of Kyber Network.
Join the dHEDGE community on Discord, Twitter, Telegram English language, Telegram Chinese language and on WeChat.
DHT tokens are a means by which users may utilise the protocol. dHEDGE DAO does not recommend purchasing DHT for speculative investment purposes. DHT tokens may lose value or have no value and may have no market.
