Introduction
The dHEDGE token, DHT, serves multiple functions:
Facilitate decentralised governance
Incentivise investors to pool assets with top-performing managers
Incentivise managers to earn greater return
One unique value proposition of DHT is that holders may choose to charge an administration fee on the dHEDGE platform. DHT had its token generation event (TGE) in September 2020. The total supply will be fixed at 100,000,000 DHT. The specifics of the fee will be determined by DHT token holders and is currently 10%. The admin fee as well as direct investments from the DAO are collected in a smart contract. This DAO represent a pool of pools. DHT holders will through staking be able to make certain decisions governing this DAO such a reallocations or liquidations.
True to the ideals of community-ownership and decentralisation, there is a possibility the total supply could change down the line should DHT holders reach a consensus that this is the best path for the dHEDGE protocol. A change to the supply schedule would require significant and compelling motivation, and for this reason it is not expected the total supply will change for a good while, if ever.
As the protocol matures, it will become prudent to decentralise more and more parts of the protocol. The goal of this progressive decentralisation is to create products and experiences users love first before achieving the more lofty ideal of decentralising every aspect of the protocol.
That being said, significant decentralisation will be required for dHEDGE to reach its full potential as an unstoppable, trustless, censorship-resistant, non-custodial trading protocol on Ethereum. The DHT token address is 0xca1207647Ff814039530D7d35df0e1Dd2e91Fa84.