DHTBTC
dHedge DAO / Bitcoin
crypto

dHEDGE allows investors to mirror the investment strategies of professional fund managers and traders. The underlying smart contracts prevent the pool manager to withdraw funds from the pool. The ultimate goal of the protocol is to democratize asset management. The project went live on the Ethereum mainnet on 10 September 2020. dHEDGE enables traders or investors to mirror the trading strategies of algo driven bot traders or experienced professional individuals. dHEDGE smart contracts power this relationship ensuring the fund managers have no authority to liquidate the pool at all times. These user generated pools are the most important aspect of dHEDGE protocols. Anyone can open a pool and attract investors to manage their portfolios. The investor gets a pool token in exchange for supplying liquidity and will be rewarded by dHEDGE with additional DHT tokens over and above the pool returns to further incentivize participation in these pools. The protocol first started on the Ethereum mainnet and is powered by the Synthetix derivates platform. Synthetix smart contracts enable managers on dHEDGE to trade/invest into virtually any token, stock, commodity or virtually any digital/financial asset by creating 'synths' or derivates tracking the price of the underlying asset. Synthetic's peer-to-contract liquidity engine ensures trading with zero-slippage. This means the bid price won't change even if another bot picks the trade and enters a bid rate higher than the first. The trades will always go through at the Oracle price. The volumes of a synthetic asset does not influence its price on the Synthetix protocol. The dHEDGE protocol combines its smart contract with the Chainlink (Oracle) and Synthetix (Peer-to-contract) smart contracts to enable this system. The dHEDGE protocol relies on price data supplied by Chainlink to establish the market price instead of an order book featuring all the bid and ask rates for a given synth. This combination enables the dHEDGE protocol to allow managers to create unique on-chain portfolios based on the price action of the underlying unit in the real world. Read more: https://docs.dhedge.org/dhedge-protocol/synthetic-asset-pools