DeXe Investment Sneak Peek: Proposals and Voting

Continuing our series of posts about Dexe Investment, it’s time to start unboxing the specifics of the platform.

First up: the proposal and voting mechanism. If a trader wants to trade with an asset that’s not on the platform’s general pre-approved list, he or she can propose a vote to add it to his/her personal approved list. This is how it’s done.

Let’s say, the token is DEXE. The trader goes to the Voting and Authorizations tab, clicks on the “New Proposal” button, adds the token that he/she wants authorized, and clicks “Done.” The trader chooses the % of own holdings of that token to commit to the smart contract. So let’s say the trader owns 20 DEXE and commits 50% = 10 DEXE, then hits the “Create” button — and the trader’s job is done.

The investors in this trader’s pool see the proposal and vote on it with their own holdings of the token in question (in this example, DEXE). If they vote to support the trader, DEXE gets added to the trader’s approved list and all the tokens committed by the investors get pooled for the trader to trade with.* The profit is split proportionally to the number of DEXE tokens committed.

*NOTE: The trader doesn’t automatically get to trade with all of the funds committed by the investors. The Dexe Investment platform has a coefficient for every trader that determines how much of their own token the trader must deposit in order to trade with a specific amount of investor funds. For example, a trader may have to deposit $100k of his/her own DEXE in order to trade with $1M of investor funds, or the ration could be 1:1, 1:5, etc. more details on the coefficients later. This creates an incentive for the trader to commit more own funds and protects the investors from entrusting their money to someone who doesn’t have much at stake.

The whole process ensures that the trader can spot new assets worth trading and quickly put them up for an investor vote while at the same time giving investors full control over which assets the trader is allowed to use in trading. The mechanism creates a high level of responsibility since both the trader and the investors are committing their personal holdings of that asset.

About DeXe is a decentralized social trading platform that operates via autonomous smart contracts and includes tools for virtual currency allocation and automatic rebalancing. It eliminates the risks of transferring digital wallet details such as private keys and API or any virtual currency data to a third party. Most importantly, the DeXe Network connects successful traders and followers in a transparent, verifiable way for the benefit of both groups.

Stay tuned for more with us!


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Dexe Network is an ecosystem of tools that bring professional trading to DeFi