dFund, a decentralized hedge fund and lending platform built on Polkadot, has announced that they will collaborate with TrustSwap for their $DFND token offering the TrustSwap Launchpad April 30th 2021 at 9:00 AM PST.
The link to sign up when this time arrives is: https://dashboard.trustswap.org/app/launchpads
In order to achieve mass adoption, the DeFi space needs projects and ecosystems that offer users the same level of safety, comfort, and functionality that are available in legacy finance. dFund is creating an all-encompassing, user-friendly platform which will be a one-stop shop for all your DeFi needs.
dFund will make it possible for retail investors to participate in financial activities that have traditionally only been available to well-connected ultra-high-net-worth individuals and allow institutions to harness the many benefits of blockchain technology such as automation, decentralization, and trustlessness. Most of the features dFund is building don’t exist yet, and those that do are scattered across multiple platforms. dFund is combining all of them into a single, easy to use DeFi platform.
1. Decentralized Hedge Funds (dFunds):
Every user on the platform will be able to invest in a decentralized hedge fund or create their own. Investors can pool money into dFunds that are managed for a profit. These dFunds can set their terms and conditions, such as the success fee they will charge on achieved profits, and their internal organization.
dFunds will be rated and ranked by their performance and users will be able to see the returns of every dFund and make informed decisions about which dFund they want to join. Returns and performance will be easy to audit as all transactions are 100% transparent and visible on the public ledger (blockchain). Managers of these decentralized hedge funds will only be able to choose which cryptocurrency the money is invested while the payouts are completely automated through smart contracts to ensure the managers can’t simply withdraw the money or move it from one investor to another. This eliminates the risk of anyone scamming or running a Ponzi scheme.
2. Decentralized Loans (P2P Lending) & Credit Ratings
Users will be able to take out a loan if they meet the collateral requirements set by the lender. Some lenders may set a requirement that the collateral must be at least 120% of the loan amount, while others with greater risk appetites can set the collateral requirement to be only 50% of the loan. This ensures total autonomy and freedom of choice for both the lenders and the borrowers. Lenders also set the interest rate and the duration of the loan to ensure that low-collateral loans will have a much higher interest rate than high-collateral loans.
Borrowers will be rated and ranked with a credit score system, so reliable borrowers who have always paid the loan amount back will have a higher credit score and can enjoy lower interest rates. On the other hand, if a borrower has defaulted many times, they will receive a bad credit score. This would mean that they will have to pay higher interest and provide a higher collateral amount, because they are a high-risk borrower. Borrowers will be able to improve or worsen their credit rating over time, so it is a fair system that rewards those with good credit history and incentivizes timely repayment of loans.
3. Secondary synthetic marketplace
Users will be able to trade their loans on a secondary marketplace. These smart contracts will be able to transform into synthetic products within the platform which can be bought, sold, and traded. For example, let’s say you are lending with a 10% interest rate but you suddenly need the money back urgently or you simply don’t want to wait until the end of the loan duration. You can decide to sell your loan, and see if someone will buy it for the loan amount + 4%. This would mean a 6% profit for them after they receive the original 10% interest at the end of the loan’s duration.
This is beneficial for both the buyer and the seller. For the seller (the original lender), they don’t have to wait and they are getting a smaller profit with no risk. For the buyer of the loan, they are receiving a higher profit for waiting until the end of the loan’s duration. This is very similar to the traditional bond markets and is also similar to the existing futures and options markets in some ways.
4. Decentralized funding proposals & crowdfunding
Users will be able to make a one-time funding proposal and promise through a smart contract to give investors interest on the funding amount.
The rating system will also be used to warn participants if someone may have had previous unsuccessful funding proposals or if they had successfully returned a profit to previous backers.
A Community-Centric Approach
The dFund team is focused on making the platform very user-friendly. The whole point of credit ratings and performance ratings is not just to help people make informed decisions, but also to make the process easy to understand and add an element of gamification. The platform is kept visually very simple while being packed with a wide array of options and features organized in a way that even a person with very little understanding of finance or technology can use it.
The CEO of dFund, Savo Vukcevic, has stated that the token also has a governance function. Holders will be able to vote on all important aspects of the project. He went as far as to say that the users have the power to fire him or anyone else from the team and choose their replacements. The team believes this is another incentive for them to put in the hard work and perform to the best of their ability to make the project a success.
dFund strives for a healthy balance between VC capital and retail investors for their presale. VC’s such as Ben Clarke, who previously backed Polkadot and Chainlink, GD10 ventures who previously backed Bondly, and Eric Clark Su, who previously backed FTX Exchange, My Neighbor Alice, and BSCPad, are onboarded and provide strategic value and meaningful advice. But a large percentage of the presale allocation is reserved for retail investors in order to foster an organic, active community of users who will be using the platform and helping with organic marketing and promotional activities.
DFND token is the most important part of the dFund ecosystem.
- Users will need to lock up DFND tokens if they want to start a decentralized hedge fund.
- Borrowers will need to deposit DFND tokens as collateral for loans.
- Lenders can require borrowers to pay interest in DFND tokens.
- Decentralized hedge funds can choose to pay out profits in DFND tokens.
- Only users who have DFND tokens will be able to vote in the DAO.
- Users will also need DFND tokens for trading on the secondary marketplace.
This will ensure that a large percentage of tokens is locked in the platform which naturally reduces the circulating supply of the DFND token.
Savo is a finance professional best known for being the CEO of RPC Fund Management and the world’s youngest hedge fund manager. He is also a cryptocurrency expert who has worked for some of the largest projects in the space. This allows him to approach everything from a unique, multi-dimensional perspective. Previously he worked for EURS, the company behind the largest euro-backed stablecoin, which advised the governments of the European Union on crypto regulations.
Greg R. Betz:
Greg is a world class blockchain developer who previously worked for Consensys (Ethereum’s company) directly alongside lead Ethereum devs to strengthen and advance ETH’s protocol, write smart contracts for Ethereum, and develop tools such as Truffle for smart contract deployment. He also worked for Plutus where he designed a smart contract for a Bitcoin debit card rebate, and Duality Blockchain Solutions where he lead the dev team and invented a new proof-of-work using a memory hardened encryption algorithm. He has also researched quantum encryption and its applications to blockchain technology and worked in traditional e-commerce on fraud detection and prevention. He has a BA degree from the Ohio State University.
Rohan is a business development professional who previously worked for Deloitte, the largest consulting & accounting agency in the world, and Meave Capital, a private equity fund. While still at Deloitte, in 2018, the cryptocurrency world grabbed his attention and he started getting involved in multiple cryptocurrency projects including PocketNode, a platform that allowed users to host masternodes and stake POS coins on their mobile devices, and a defi project called Soma Lending. He graduated from Amity, an A+ rated university with campuses in Dubai, London, New York, Singapore and New Delhi.
Token Offering Details
TrustSwap technology utilizes simple, secure peer-to-peer transactions via TrustSwap SmartLaunch which ensures that dFund and its community can transact securely without the fear of participants or team members negatively impacting the markets following the public offering. TrustSwap’s time-based SmartLocks ensure a methodical distribution to mitigate the risk of unauthorized token transfers.
dFund will use TrustSwap SmartLocks for:
- Team Token Vesting
- Token Holder Vesting
- Token Locks & Liquidity locks
To participate in the DFND token offering, you must:
1) Be staking at least 4000 $SWAP tokens OR have a SwapScore over 2,500.
2) Not be domiciled in the USA or any UN-sanctioned countries.
3) Submit a complete application within the 12-hour launch window at https://dashboard.trustswap.org/app/launchpads between April 30th at 9am PST and 9pm PST
4) Successfully pass KYC verification.
Everyone who meets the requirements above is guaranteed an allocation. The $1,225,000 hard cap allocation will be split amongst all applicants based on tiers as follows:
SwapScore is a rolling 60-day average of staked SWAP so the more SWAP you stake and the longer you have staked it, the higher your allocation multiplier will be. The staking snapshot is taken when the launch begins on April 30th at 9:00 AM PST.
Individual maximum allocation amount will be determined after the 12-hour launch window closes and is directly influenced by participation levels.
NOTE: To receive a guaranteed allocation you must have at least 4,000 SWAP staked or a SwapScore over 2,500 in addition to passing the KYC and filling in all the required details in the pledge form.
What Should I Do to Prepare for the Launchpad?
- Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens here before April 30th 9:00 AM PST.
- Take a photo of your government-issued ID card (Passport, Driving License, or any other form of government-issued ID card that has your photo in it).
- Take a selfie of yourself holding the ID card along with a note that reads: “dFund”.
- Make sure to submit your form during the 12-hour application window from 9:00 AM to 9:00 PM PST on April 30th, 2021.
- Go to https://dashboard.trustswap.org/app/launchpads at any time during the token offering on April 30th from 9:00 AM to 9:00 PM PST.
- Go through the steps listed to upload your documents and details.
- After 12 hours, the portal will close. There will be a waiting period of up to 48 hours to finalize calculations.
- Approved participants will be contacted via the TrustSwap’s Dashboard Messaging System with payment instructions. Log in with your registered wallet to see your messages.
- $DFND will be live on both Gate.io & Uniswap on May 5th.
Learn More About dFund and the $DFND token
For more information on dFund and their $DFND token, please read the White paper and join their Telegram community using the links below.
Disclaimer*: Launchpad dates and details are subject to change. This is not an endorsement, partnership, or offer for investment by TrustSwap. dFund is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.