DHT Incentives, Mainnet and Beyond
The dHEDGE Mesa auction has concluded and saw a lot of demand as the auction time approached, even with record-high gas prices on Ethereum.
We will take time here to cover the auction result and share upcoming DHT incentives and developments.
Mesa Auction
The high demand saw a majority of DHT exchanged in the first initial batches of the auction. The average price of these batches was $2.03. After which Huobi and OKEx listed the token and it started trading at this price.
The current circulating supply is ~5.4M which includes the distribution for testnet competition winners, community supporters and exchange market making. The core team, seed and strategic investors do not have any tokens yet and will be locked in vesting schedules as described in the TGE post.
The auction result reiterates reasons to bootstrap the community with DHT ahead of the approaching Mainnet launch and further incentives.
Below are upcoming dHEDGE developments and incentives to get us going in the right direction.
*Note: Mesa/Gnosis team noticed a couple of orders settle at $16, we will refund the bidders shortly.
DHT Balancer Pool Rewards
dHEDGE recognizes the importance of having sufficient liquidity of DHT and will establish a liquidity mining opportunity as described below.
dHEDGE will create and seed a DHT Balancer Pool and incentivize it with the remaining DHTs from the auction (500,000). Any DHT liquidity providers who stake their LP tokens will earn a share of 50,000 DHT per week in rewards.
This campaign will go over at least 10 weeks during which a total of 500,000 DHT will be rewarded to LPs. More details on this incentive will follow shortly.
Mainnet
The dHEDGE testnet competitions served as both a way to draw in top traders to the platform as well as stress test the platform for Mainnet.
We have now submitted the dHEDGE smart contracts for an audit and are working on adding some additional features for a Mainnet deployment scheduled for the end of the month.
Performance Mining
The value of dHEDGE is open access to top performing trading strategies by the world’s top traders. Therefore, it’s important to incentivise investment in top performing pools soon after Mainnet launch.
dHEDGE will provide Performance Mining incentives where Investors in top performing pools and associated pool Managers will be rewarded with DHT. Top performance will be defined as high upside with low downside volatility. This will bootstrap growth of the best pools on dHEDGE.
DHT Staking
Over time, the dHEDGE DAO will take a share in the top performing pools.
DHT staking and governance will be put in place where decisions can be made about the management of these pools and potentially liquidating assets that may no longer be performing well. We expect this to provide sustainable growth to the dHEDGE DAO by leveraging the world’s top traders. We will share more details in time and look forward to community feedback.
The dHEDGE team has been laser-focused on shipping a new product to DeFi. We strongly believe in the dHEDGE mission and will continue to push and deliver on the milestones set. We hope that you can join us on this journey and participate in the development and growth of dHEDGE.
