dHEDGE DAO DHT Price

What is dHEDGE DAO (DHT)?

In the dynamic world of decentralized finance (DeFi), dHedge DAO is making waves with its innovative approach to non-custodial mimetic trading for synthetic assets on the Ethereum blockchain. Empowering users with ownership control over their funds, dHedge enables investors to mimic the trades of top-performing managers while leveraging the Synthetix derivatives liquidity protocol for synthetic asset portfolios.

The Foundation of dHedge

At its core, dHedge stands as a one-stop solution for managing investment activities on Ethereum, offering users the opportunity to deploy their capital across different strategies based on proven performance records. The project is driven by key principles:

Non-Custodial Security: Users retain ownership of their funds, ensuring that investment managers cannot abscond with investor assets.

Mimetic Trading: Investors have the ability to replicate the trades of successful managers, providing a unique and decentralized approach to asset management.

Synthetic Assets on Ethereum: dHedge portfolios are powered by the Synthetix derivatives liquidity protocol, offering a diverse range of assets and trading options.

The Mesa Auction: DHT Token Distribution

To kickstart the dHedge ecosystem, the community conducted an open vote, deciding to distribute the native governance token, DHT, through an auction on the Mesa platform. With a maximum of 5 million DHT tokens (5% of the total initial supply) up for grabs, the auction took place on September 17, offering participants a chance to acquire DHT using USDC.

DHT Governance Token and Distribution

DHT plays a pivotal role in bootstrapping the platform and governing its decentralized operations. The dHedge community, alongside DHT token holders, holds authority in shaping the protocol's direction. Staking functionality for DHT will be enabled after the mainnet launch.

How dHedge Works

Built on top of Synthetix, dHedge allows anyone to set up their investment fund or invest in a fund managed by others in a non-custodial manner. Leveraging the Synthetix stack, the platform supports futures and limit orders, enhancing trading flexibility. Public and private pools cater to different investment preferences, with fund managers deploying and managing funds in public pools, ensuring they cannot withdraw someone else's capital.

DHT Ecosystem and Competition

The dHedge ecosystem operates through a decentralized autonomous organization (DAO), indicating a commitment to decentralization from the project's inception. DHT tokens will be issued to active users through a liquidity mining strategy to drive adoption. While competitors like Set Protocol and yEarn Finance exist, Melon Protocol emerges as the closest rival to dHedge, both allowing fund managers to create public or private funds.

Conclusion

dHedge's commitment to democratizing asset management aligns seamlessly with the broader DeFi ethos of eliminating intermediaries and fostering inclusivity. With notable backing from DeFi investment funds and a team blending traditional finance expertise with blockchain development, dHedge is poised to reshape how investors engage with synthetic assets on Ethereum. As the mainnet launch approaches, the dHedge community eagerly anticipates the protocol's impact on the evolving landscape of decentralized finance.

What is unique about dHEDGE DAO (DHT)?

dHedge stands out by offering non-custodial mimetic trading for synthetic assets on Ethereum, allowing users to retain ownership of their funds and mimic the trades of successful managers using the Synthetix protocol.

Who are the founders of dHEDGE DAO (DHT)?

The founders of dHedge are at the intersection of traditional finance and blockchain development, steering the platform toward decentralized and permissionless asset management services.

Who are the backers/investors of dHEDGE DAO (DHT)?

dHedge boasts support from prominent names in the crypto sphere, including Framework Ventures, Three Arrows Capital, BlockTower Capital, and other leading investment funds, validating its innovative approach to decentralized finance.

Where can I buy dHEDGE DAO (DHT)?

You can buy dHEDGE DAO (DHT) on CoinEx, Uniswap V2 (Ethereum), Aerodrome (Base)Velodrome Finance v2Sushiswap (Polygon POS) cryptocurrency exchanges.