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Managers
Managers make decisions on behalf of a pool of funds - and compete for the top spot on the dHEDGE leaderboard.
If the manager's decisions are profitable the manager may collect a performance fee as a percentage of the overall return generated by the pool. Fees are collected in pool tokens, meaning if the manager is successful their overall ownership of the pool will increase over time.
Performance fee minting becomes available via High-Watermark. Performance fees aren't decided by individual investors' profit, but the profit of the lifetime performance.
The formula for Available Performance Fee to Mint is (Pool Tokens):
Max(current token price - token price at last mint event, 0) * total token supply * manager fee fraction / token price
Managers create pools through the dHEDGE factory. Each pool is its own contract.
Managers may have public pools allowing anyone to become an investor. Managers may also have private pools which allow only whitelisted investors to invest.
Managers can use active management strategies, algorithmic strategies, or invest in other pools on dHEDGE. Automated strategies are possible with the dHEDGE SDK.
Last modified 26d ago
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