Hey Everyone,
Welcome to this week's edition of the DEXTF Newsletter!
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DEXTF updates
We launched the DEXTF Green BTC Token ($XTF.GBTC), the first environmentally friendly bitcoin. The $XTF.GBTC is a tokenized carbon neutral bitcoin consisting of $WBTC and tokenized carbon credits $MCO2 issued by Moss Earth.
The Moss team analyzed the data and discovered that since its inception each bitcoin has caused the emission of 4 tons of CO2. So we can add to each bitcoin 4 MCO2 tokens to offset bitcoin's emissions since the beginning of the network. That's exactly what we did along with Moss and Wrapped.com to create the first green bitcoin token in the world
What does this mean for bitcoin holders? Anyone will be able to:
Wrap their Wrapped Bitcoin ($WBTC) with tokenized carbon credits ($MCO2) to offset the greenhouse gas emissions produced during bitcoin mining. Simply mint new XTF.GBTC tokens on https://dapp.dextf.com/
Buy Green bitcoin on Uniswap here
Portfolio Metrics
[As on 27th May 2021].
Please refer to the DEXTF website for latest APYs:
DEXTF/ETH is offering 89% APY
XTF/DEXTF is offering 153% APY
You can also earn $DEXTF by providing liquidity on Uniswap (29.6K tokens daily) or investing in any of the XTF funds (12K tokens daily)
Current TVL is US$ 4.1M (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
⚖️ Tokenization
Tokenization is the process of converting physical and non-physical assets into digital tokens on a blockchain. It's possible across a wide range of assets - real estate, art, patents, stocks and more. This process makes investing in these assets more accessible in 2 ways
Allows for Fractional Ownership
No Overhead Costs
For eg. Today if you wanted to invest $100 in $TSLA or in an artwork, it's not possible. You must buy 1 unit of the asset - so at least one share of $TSLA (which is expensive at $580 today) or the complete artwork itself (which is even much more expensive)
With tokenization, it's possible to invest a small amount into fractions of the asset. If you do have enough capital to buy an artwork, in most cases you also need to pay for storing the artwork, which can get expensive. By owning a token, you can avoid such costs
Tokenization makes it easier and more accessible to invest in a wide variety of asset classes. With all these new asset classes available, asset managers can now build more diverse portfolios with a larger variety of assets
Interested in building your own portfolio? DEXTF allows anyone to build portfolios of digital assets!
And that's it for this week! See you next week.
Semper Fortis
DEXTF Team