Dexe Investment unveiling, Pt. 2: More you can do
This is part two of unveiling some cool functions in DeXe Investment following the big reveal on Binance LIVE with our CEO. In Part 1 , we talked about personal tokens, trading them, and controlling risk exposure. Let’s dive into more right now.
Insurance
We talked about this before. But it’s so unheard of that it’s worth repeating: you can insure your deposit from trading losses. Not just bugs or hacks, but actual trading losses. By putting up to 10% of your deposit into the Insurance Pool, you can have up to 100% of your deposit refunded in certain extraordinary cases resulting in trading loss. What kinds of cases? That’s for the DAO to decide via the usual method of proposals and voting. Maybe they decide that every time China bans Bitcoin or Elon Musk buys up DOGE and the price moves by 10% in one hour, that’s a qualifying event (this is just a made up example — don’t take it literally, please).
For the traders, this gives some peace of mind and freedom to maneuver a bit more with their strategy knowing that some events beyond their control won’t destroy an otherwise sound strategy.
Control over traded assets
DeXe Investment automatically pre-approved a certain number of assets that may be traded and used as the “base” asset in which the trader does his profit accounting. The DAO can add more to the list. But on a more granular level, the investors of a specific trader/strategy, by virtue of holding that trader’s token, can vote on additional assets to add to the approved list.
This gives investors more control over their risk exposure and the scope of the trader’s activity. For the trader, it gives the ability to go beyond the parameters defined by the platform if he can convince the investors to give him this leeway.
Invest in anything
But it’s not just various crypto coins that can be part of a trader’s fund. A trader can open a fund that buys property (real estate, NFTs, anything really) or participates in yield farming, for example. As long as she can find investors to put up the money for a strategy, it’s LFG all the way.
We’ll share more functions and advantages of the DeXe Investment platform a bit later along with more screenshots, demos, and beta invites. Until then, make sure to watch our Binance Live for some juicy details here.
About DeXe
Dexe.network is an ecosystem of tools that bring professional trading to DeFi and DeFi to trading with free tools like Wallet Info and Wallet-to-WalletCopying, services such as 111PG and the Kattana Terminal, and more components that complement each other and solve pressing market needs. At the core 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!
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