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DHedge: introduction to the decentralized asset management platform | project on ethereum

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The user can retain ownership of the assets throughout the course of investing in a dHedge and the investment manager has no right to withdraw any funds.

Problems in traditional finance

In traditional finance, the high threshold and strict supervision of asset management discourage ordinary investors. For ordinary investors, there is not much to offer them. For investors with no experience or expertise to back them up, trading in the market is a no-brainer.

Therefore, many investors choose funds as a way of investment and financial management, believing that professional things should be left to professional people to do. However, there are many problems in traditional financial funds.

First of all, from the perspective of entry threshold, most retail investors are not "qualified investors", which means that excellent private funds are not allowed to participate in retail investors. For public funds, however, returns are sometimes pitifully low in order to maintain a steady stream of returns.

Secondly, from the perspective of cost, the low efficiency caused by centralized operation mode leads to many costs. Fees for subscription and subscription at the time of purchase of the Fund and redemption fees incurred at the time of redemption of shares, irrespective of the profit and loss of the Fund, management fees that must be paid every year. In addition, it is sometimes necessary to share the profits with the fund manager.

From the perspective of asset safety, although the regulatory authorities are now extremely strict with the fund management, if investors choose some illegal investment institutions, there is still the risk that the management will default and run away.

On the other hand, for good veteran investors, there are also high barriers to entry to becoming a fund manager in a fund house.

First of all, even if you have a deep understanding of the market and a good track record of investment returns, you need to have all kinds of qualifications to become a fund manager of a fund house. However, in the fierce competition, it is inevitable that some good traders will not be reused.

If these good traders want to set up their own investment company, it will be more difficult, the application of various licenses and upfront fees are unacceptable.

The solution to decentralised finance

Decentralized finance USES algorithms to de-trust point-to-point interactions, removing middlemen's resistance and greatly reducing interaction costs.

DHedge is a decentralised asset management platform based on Ethereum that USES synthetic assets for investment trading. Thanks to Ethereum's smart contracts, users retain ownership of assets throughout the investment process, and investment managers are not allowed to withdraw any money. Meanwhile, Synthetix offers synthetic assets that allow users to invest not just in cryptocurrencies, but also in precious metals, foreign exchange and the stock market. Free platforms allow investors to pick and choose their portfolios at will, while good traders can become free to launch their own funds.

DHedge +Synthetix+ChainLink= a new trading paradigm

Usually, the counterparty of a trader is another trader, but dHedge has completely changed the traditional trading paradigm and introduced a new peer-to-peer Contract liquidity model.

The point-to-contract liquidity model is one in which the market is no longer supplied by other traders but by robots in the contract. When the trader orders, the robot orders according to the price that the ChainLink predictor feeds back, and orders again at a slightly higher price. The trader's trading price will depend entirely on the external price provided by the forecaster and will not be affected by the orders placed by other traders, nor by the volume of orders placed. So in the point-to-contract mode, there is no price slide.

Synthetix's synthetic asset advantage is that it is merely an on-chain price vehicle for other assets, giving investors the freedom and ease with which to build portfolios. Investors don't have to worry about physical delivery and storage.

The investment manager of dHedge

DHedge managers will determine the strategy for their pool of money and compete with other dHedge managers.

Investment managers can choose to use their own active investment logic, or specific algorithmic investment logic, or even directly invest in other investment managers' investment pools.

The chart above shows the dHedge investment Manager ranking, which allows users to choose their investment target based on the investment strategy and performance of each investment manager.

As an investment manager, if the investment pool performs well, the investment manager will receive a set proportion of dividends. At the same time, the investment manager can set a fixed management fee.

There are two types of investment pools for investment managers: public offering and private offering.

A public pool is one into which any investor is free to invest money, while a private pool is one into which only the ethereum address specified by the investment manager is allowed to invest.

DHedge investors

DHedge USES sUSD of Synthetix as a liquid currency. Users need to use sUSD for investment, and users will get the token of this investment pool if they inject sUSD into the investment pool contract. The initial price of each investment pool token is $1, and the value of the token will vary according to the performance of the investment pool. Users can withdraw from the investment pool at any time.

DHedge provides investment analysis software that can clearly see the investment operation of the investment manager and the overall performance of the investment pool for investors to monitor in real time.

Assets supported by Synthetix

DHedge managers can choose from more than 40 synthetic assets offered by Sythetix.

Synthetix not only offers forward assets, but also reverse assets for the manager to short, with all reverse assets beginning with the letter I.

Synthetix's synthetic assets now include:

Stock index: sNIKKEI, sFTSE

Goods: sXAG, sXAU

Forex: sUSD, sAUD, sEUR, sCHF, sGBP, sJPY

Specific market indices: sDEFI, iDEFI, sCEX, iCEX

Encryption assets: sBTC, iBTC, sETH, iTC, sLINK, iLINK, sBNB, iBNB, sXRP, iXMR, sXMR, iXMR, sETC, iETC, sDASH, iDASH, sTRX, iTRX, sADA, iADA, sXTZ, iXTZ, sEOS, iEOS, sLTC, iLTC, sBCH, iBCH

In the future, dHedge will also launch a single equity synthetic asset (similar to sAAPL, sTSLA) and crude oil price index sOIL. At the same time, dHedge will also introduce futures trading to facilitate leveraged trading by investment managers.

DHedge governance token DHT

The total fixed supply of DHT is 100,000,000 pieces, of which 7.72% will be used for public auction and reward. There is no lock-up period. Five per cent of the open auction quota was sold on Mesa on September 17. The remaining 2.72% of the incentive quota will be used for test network awards, strategic airdrops, liquidity mining, exchange promotion and other community activities.

The seed round will sell for 13.01 per cent at $0.08 each, with a three-year lock-up period. 5.52% of DHT is reserved for strategic partners (lock-in for 3 years), 3.75% is reserved for cooperative exchanges (lock-in for 1 year), 20% is reserved for teams and consultants (lock-in for 3 years for teams and 2 years for consultants), and the remaining 50% will be kept in dHedge DAO.

DHT will be mainly used for the cold start and decentralized governance of dHedge platform, and DHT holders will have the decision on the future direction of dHedge platform.

DHedge team and investment institutions

There are now five members on the dHedge team, with three core founding members being Henrik Andersson, Radek Ostrowski, and Ermin Nurovic.

Henrik is a CFA Institute member and the founder of Bitcoin Exchange PTE, the first Bitcoin ATM in Asia. Henrik also founded the Stability Lab and served as principal Consultant. Stability Lab focuses on the development of the decentralized Stability currency standard mStable. Henrik also served as chief Investment Officer at Apollo Capital when he founded dHedge.

Radek has served as a major development and technology advisor on a number of blockchain projects, and founded cryptocurrency payment Gateway RelayPay in 19 years. Ermin founded Antlr, a venture capital fund, with Radek in 18, and Up Street, a shopping investment app, in 19.

The three founders all have many successful start-up experiences and many years of work experience in the block chain field, which provides effective guarantee for dHedge's financing path.

DHedge has obtained investment and support from IOSG, BlockTower, Zha Capital, Continue Capital and other capitals.