Introducing dynL1BNB

Some months ago two governance events were held to decide not only the category of DynaSet to launch but also the contents of that DynaSet. Please be aware that there are a few very important changes to previous DynaSet contributions. Of note, is the substantial decrease in minimum contribution size, from $500 USD Equivalent to only $10, and a slightly shorter contribution period of one week instead of two. As SingularityDAO DynaSets are launching on BNBChain.

DynaSet Details

• DynaSet Name: dynL1BNB
• Chain: BNB Chain
• Category: Layer 1 Tokens
• Strategy: Long-Only
• Beta: Yes — Access from within DynaLab and sign off on risk assessment before the contribution
• Term: 3 Months
• Contribution Period: Jan 9th to Jan 16th, 2023
• Assets Traded: BUSD, ADA, WBNB, XRP, MATIC, ETH, WSOL, AVAX, DOT, BTCB
• Management Fees: 2%
• Performance Fees: 20%
• Benchmark: Performance greater than 0
• Contribution Tokens: BUSD, WBNB, BNB
• Total Contribution: $4,999,999
• Minimum Contribution: $10 equivalent
• Contribution Window: 1 week
• LP Withdraw: Enabled
• Early Redeem: Disabled

What’s Next?: Protocol V2

Protocol V2 takes everything that was learned over the past year and a half, some inspiration from other amazing DeFi protocols within the space, a whole lot of imagination and delivers something entirely cutting-edge and new that will uplift almost every single aspect of the SingularityDAO Protocol.

 Some of the new features will be (but are not limited to):

• DynaSets that are open 365 days a year
• A massively improved fee and incentive structure that all will appreciate
• A full rework of staking mechanisms to become more fully intertwined and synergistic with other parts of the protocol
• Lots more

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About Singularity DAO

A decentralised Portfolio Management Protocol designed to enable anybody to safely and easily manage crypto assets, supported by superior risk management and analytics tools; smart money, on-chain. A non-custodial protocol to foster a new ecosystem of Digital Asset Managers to offer automated trading strategies leveraging AI-enchanted data analytics services.

Website | Twitter

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SOURCE: MEDIUM

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