The dHEDGE DAO currently plans to invest up to 500,000 sUSD in pools managed on dHEDGE. This is an open call for managers to apply to the DAO for an investment. Each pool can receive between 10,000 and 100,000 sUSD in investment from the DAO. Funds might be deployed over time and not all at once.
- Description of the Manager’s investment strategy (i.e. fundamental, technical, discretionary, bot trading, long only, long/short, asset class)
- Risk management
- Previous track record (eg. from managing funds on another platform)
- Initial investment amount by the Manager in its own pool
- Strategy to build following on dHEDGE (for example through social media promotions etc)
- Performance fee that will be charged
Initial selection of managers will be done by these community members:
Josh Green, Managing Partner, Orthogonal Trading
Final investment decisions will be made through community votes using DHT tokens. Note that short-listed submissions will be made public at the time of the community vote.
The DAO pool funds will be excluded from the upcoming Performance Mining program.
Once native DHT Staking is live, DHT token holders will control the pools held in the DAO Staking Pool. Pools are accumulated in the DAO Staking Pool through a 10% admin fee imposed on Manager’s fees as well as through direct DAO investment programs like this.
Upcoming Performance Mining
In the upcoming performance mining program, investors will be rewarded with DHT locked for 1 year. Investors can earn rewards when investing in pools with a Ranking. For Pools to have a Ranking they’ll need a positive performance and a minimum time since inception. It is therefore essential for managers wanting to be able to gain funds from the start of the Performance Mining program, to start building a track record now. Performance Mining is a dHEDGE innovation and will incentivise growth of the best performing pools.
More About dHEDGE
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, dHEDGE aims to democratise the investing experience leveraging the unique capabilities of Ethereum and Synthetix.
Important Notice: dHEDGE reserves the right to not short-list any manager for investment, change investment amounts and alter this program.
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.