Some of the biggest names in DeFi, including Framework Ventures and Alameda Research, They support the expansion of the decentralized asset management protocol dHEDGE.
Investors and the decentralized autonomous protocol organization (DAO) They will invest a combined $ 1.15 million in an initial cohort of 33 fund managers working on the platform.
dHEDGE is a non-custodial social trading platform that allows users to choose the money managers they want to share their funds with. The past business performance of the managers is available for review and is uploaded to a distributed ledger to ensure that it is unchangeable. Managers invest in the Synthetix ecosystem with synthetic assets.
The sum includes 651,000 sUSD from dHEDGE DAO, and USD 550,000 contributed by investors at dHEDGE Framework Ventures, DeFiance Capital, Divergence Ventures, Mechanism Capital, Klein Blue Capital and Alameda Research.
In combination with the funds proposed by the fund managers themselves dHEDGE expects more than 1.8 million sUSD to be used in its fund in the coming days and weeks.
Henrik Andersson from dHEDGE explained this in an interview with Cointelegraph The team is “very impressed with the list of managers” overseeing the funds on the platform, citing the presence of Southeast Asian crypto investor NGC Asset Management.
Andersson noticed that too The platform features managers overseeing investments in traditional non-crypto asset classes and demonstrating their enthusiasm for the platform’s growth in 2021:
“Decentralized asset management is becoming a primitive core in the DeFi area.”
Michael Anderson, co-founder of Framework Ventures, predicted this The next phase of growth in the DeFi industry depends on “bringing in the expertise of financial service providers and showing them the capabilities of decentralized financial protocols”.
Look into the future Anderson predicted that DeFi will begin reducing the market share of “centralized cryptocurrency finance” platforms. referred to as the Internet of “dialing in” the virtual currency sector:
“The current credit, exchange and derivatives platforms will be replaced with immediate effect by DeFi platforms. Layer 2 solutions are seen as “dial-up Internet” time for our industry. “
DHEDGE DAO’s investment is still pending until the manufacturers of the dHEDGE token DHT, The end of the vote on the mobilization of funds is scheduled for November 27th. The investment will continue if the proposal receives more votes than votes against.
If approved, the proposal will see DAO match the investments made by 17 fund managers, including two amounts of $ 100,000 each and 15 investments between $ 10,000 and $ 50,000.. Another 10,000 sUSD will be distributed to 16 additional fund managers.
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