Hey Everyone,
Welcome to this week's edition of the DEXTF Newsletter!
You can follow the community conversations on Discord, Telegram, Twitter and Reddit!
DEXTF updates
2 new tokens: We’ve added 2 new tokens - $PNK and $POLY - to the list of underlying assets to build XTFs! (total 78). Kleros ($PNK) is building a decentralized arbitration service for the disputes of the new economy. Polymath ($POLY) is a one-stop platform to launch regulation-compliant security tokens.
New UI for V2: With the V2 around the corner, we released a sneak peak of the new UI to the community for feedback. We also did a poll on Twitter and 84% of the respondents like the new UI. If you have feedback, do let us know!
5K on Twitter: Our community on Twitter has grown to 5K. Our mission is to make the world of digital asset management accessible to all and this includes simplifying complicated financial jargon. We’ve done a series of tweet threads like $DEXTF vs XTF Tokens, Fund breakdowns and more to simplify these concepts for everyone
Portfolio Metrics
[As on 20th May 2021].
Please refer to the DEXTF website for latest APYs:
DEXTF/ETH is offering 91% APY
XTF/DEXTF is offering 75% APY
You can also earn $DEXTF by providing liquidity on Uniswap (29.6K tokens daily) or investing in any of the XTF funds (12K tokens daily)
Current TVL is US$ 5.3M (refer to DeFi Pulse)
You can invest by buying on Uniswap or on the DEXTF app
Here’s a quick guide on how to buy
Concept of the Week
⚖️ Rebalancing
Rebalancing simply means that fund managers can change the composition of a fund. This allows them to adapt and evolve their strategy. For e.g. If an XTF was created with initial composition 50% $DAI and 50% $ETH, using rebalancing fund managers can change this this composition to say 10% $DAI and 90%$ETH
Rebalancing allows fund managers to actively manage the fund and continuously improve the composition. This enables them to react to market and project developments by adjusting the fund compositions.
As an investor in an XTF fund, this is great for 2 reasons
1. You can gain from expertise of the fund manager
2. Rebalancing saves you transaction and gas fees involved in selling and buying tokens at the time of rebalancing
DEXTF v2 will unlock this Rebalancing feature, who’s excited?
And that's it for this week! See you next week.
Semper Fortis
DEXTF Team