{"id":225506,"date":"2021-04-13T09:00:00","date_gmt":"2021-04-13T06:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dhedge-launches-tokenized-index-tracking-its-top-10-ranked-traders\/"},"modified":"2021-04-13T09:00:00","modified_gmt":"2021-04-13T06:00:00","slug":"dhedge-launches-tokenized-index-tracking-its-top-10-ranked-traders","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dhedge-launches-tokenized-index-tracking-its-top-10-ranked-traders\/","title":{"rendered":"# dHEDGE launches tokenized index tracking its top 10-ranked traders"},"content":{"rendered":"

“# dHEDGE launches tokenized index tracking its top 10-ranked traders <\/strong>”
\n<\/p>\n

Decentralized fund management platform dHEDGE has launched a tokenized index that tracks its top-ranked traders.<\/p>\n

An ERC-20 token will also be issued for the index on automated market maker DEXes\u00a0in futur.<\/p>\n

dHEDGE allows fund managers to launch actively managed investment pools powered by synthetic assets provided by Synthetix.<\/p>\n

\u201cWhat dHEDGE is trying to do is crowdsource the best traders on the internet, and if you can create an index out of that, […] I think that\u2019s tremendously powerful,\u201d Apollo Capital chief investment officer and dHEDGE co-founder, Henrik Anderson, told Cointelegraph.<\/p>\n

The new pool, dubbed \u201cdTOP<\/a>,\u201d will rebalance funds across the platform\u2019s top 10-ranked fund managers on a monthly basis. The bot will also cover gas fees incurred through rebalancing, with the dHEDGE DAO\u00a0paying for gas.<\/p>\n

The performance of dHEDGE\u2019s hundreds of pool managers is scored using the Sortino Ratio<\/a>. The risk-adjusted measure considers a pool\u2019s performance relative to its size and risk profile, considering historic volatility both to the upside and the downside.<\/p>\n

\u201cWhat we\u2019re looking for is a risk-adjusted measure \u2014 we think it is really important you not just look at the returns,\u201d Anderson said.<\/p>\n

The dHEDGE DAO provided $50,000 to seed the dTOP pool, with Anderson predicting the organization will invest more funds into the index in future. The pool has a 10% performance fee that is distributed among the month\u2019s top asset managers relative to their weight in the index. <\/p>\n

Since exiting stealth mode in July 2020, dHEDGE has attracted a TVL of $30 million and facilitated more than $400 million worth of trades.<\/p>\n

Anderson indicated that more indices will be launched on dHEDGE in future, and noted that\u00a0the project is currently exploring Optimism for layer-two scaling.<\/p>\n

\u201cThe team is excited to continue to deliver value and expand the capabilities of the protocol,\u201d he said.<\/p>\n