Performance Mining is LIVE!
Summary
- 500,000 DHT to be rewarded over a 3 month trial
- Early users have been rewarded 50,000 DHT
- 450,000 DHT is being distributed over 90 days
- Rewards are locked for 3 months
How Performance Mining Works
You get rewarded DHT when you invest in pools on the dHEDGE platform that have good performance. This is a way to incentivize participants, distribute DHT to the actual members of the dHEDGE ecosystem and to reward good performing managers.
Criteria for performance mining reward
Only investments into eligible pools count towards rewards. Eligibility criteria is subject to change.
Pools need to:
- Have a positive Sortino Ratio (meaning they have returns above a certain threshold)
- Have been funded more than 2 weeks ago
- Be Public, ie open to anyone
Eligible pools are clearly marked with a mining symbol on the dHEDGE Leaderboard. Note that Managers that invest in their own pools are considered investors and can earn rewards like everyone else.
Rewards are locked for 3 months, after which they will be claimable. This initial Performance Mining program is set to run for 90 days. The program will then be evaluated by dHEDGE DAO.
Rewards are distributed pro-rata based on the value of everyone’s investments. Every day for 90 days, 5,000 DHT will be distributed to investors on the dHEDGE platform.
Head to the Rewards tab on the app to check your distribution: app.dHEDGE.org/rewards
Early Users Rewards
On December 10, a snapshot was taken and 50,000 DHT was distributed to investors on the platform that were fulfilling the criteria for Performance Mining as set out above. Early users rewards are locked for 3 months. Head to the Rewards tab on the app to check your distribution: app.dHEDGE.org/rewards
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.
Performance Mining is subject to change at any time. 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.
