dFund Is LIVE On TrustSwap Launchpad
dFund has announced collaboration with TrustSwap for their $DFND token offering the TrustSwap Launchpad April 30th 2021 at 9:00 AM PST.
Core Features
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.
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.
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.
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.
🔻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.
🔻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.
What is TrustSwap?
TrustSwap is a full service digital asset ecosystem focused on smart contract applications.
What is dFund?
dFund is a decentralized hedge fund and lending platform built on Polkadot. 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.
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