Phuture builds crypto index funds to make investments simple and accessible to anyone. Their mission is only achieved by delivering continuous improvement to their products and their architecture. As Phuture announced its integration with 0x API.

A key part of their index architecture is tapping into liquidity sources, but that also comes with many challenges:

• Firstly, tokens often have fragmented liquidity, meaning that their liquidity is spread across multiple decentralised exchanges.
• Secondly, integrating with the ever-growing number of decentralised exchanges is very time-consuming, amplifying this challenge.
• Thirdly, deploying Phuture on new blockchains requires a complete refactoring of the supported exchanges
• Developing a protocol to split trades across multiple exchanges is laborious and requires a dedicated team.

Phuture and 0x

Their integration with 0x is pivotal to the Phuture product architecture. Instead of integrating one DEX at a time, Phuture has integrated with the 0x API and will have access to all major exchanges on each blockchain they support.

Furthermore, this integration will allow Phuture to focus on their core products. Crypto index funds, while 0x finds the best trade rates for tokens and sources liquidity across all DEXs.

“The innovation that is happening in DeFi is exciting. The parallels to traditional finance are clear. We see the need for indexes for cryptos and we’re excited to see Phuture using our enterprise-grade APIs to improve their product architecture for entering, exiting, and rebalancing their indexes on a continuous basis.” said Fulvia, Group Product Manager at 0x.

What changes in Phuture’s products?

• Swaps and mints are now routed through the 0x protocol.
• All index rebalancing is executed through 0x.
• The functionality above will be available across all other chains Phuture intends on supporting.

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About Phuture

Phuture (PHTR) is a decentralised crypto index platform that simplifies investments through automated, themed index funds on Ethereum. Moreover, accessible by anyone with an internet connection, Phuture is perfect for investors looking to upgrade their crypto investment strategy. Furthermore, founded in 2019, Phuture has raised USD 3.75 million from VCs, crypto funds and investors such as Chaudhry, a previous CEO of Bitcoin.com.

Website | Twitter

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About 0x API

0x API is a free-to-use, professional-grade Web3 liquidity aggregation, and smart order routing API trusted by businesses like Coinbase, MetaMask, Brave, Matcha, Zapper, and GameStop. Furthermore, by using the 0x API to easily and reliably tap into aggregated multi-chain DEX liquidity you’ll have more time to focus on what matters: your product.

Website | Twitter

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SOURCE

https://www.phuture.finance/blog/0x-api-powers-all-phuture-index-funds-for-improved-trade-execution

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The post PHUTURE INTEGRATION with 0X API appeared first on Smart Liquidity Research.

The Phuture DeFi Index, PDI, is part of the Ethereum ecosystem. As we build CAI, the Colony Avalanche Ecosystem Index, BitKeep’s multi-chain approach makes it a key wallet to partner with Phuture.

“Web3 users are increasingly looking for simple, accessible ways to invest in crypto. Our +6 million users located in Asia and Latin America can now invest in Phuture index funds and better manage their portfolios through BitKeep’s mobile and browser apps.” – Irene, Business Development Manager at BitKeep

The app can be downloaded on iOS, Android or added as a browser extension. Access all versions of the app here.

Founded in Singapore in May 2018, BitKeep Global Inc. now serves nearly 6 million global users worldwide, covering nearly 168 countries in North America, Europe, and Asia.

About BitKeep

BitKeep, the top decentralised multi-chain crypto wallet in Asia, integrates a wallet, swaps, NFT marketplace, Dapps, and a launchpad in a single app. Its mission is to build the world’s largest decentralised web3 portal. Like Phuture, BitKeep believes that crypto index funds will compose a large portion of users’ portfolios in the near future, and want their users to manage index funds easily!

Website | Twitter

About Phuture

Phuture (PHTR) is a decentralised crypto index platform that simplifies investments through automated, themed index funds on Ethereum and Avalanche. Accessible by anyone with an internet connection, Phuture is perfect for investors looking to upgrade their crypto investment strategy. Founded in 2019, Phuture has raised USD 3.75 million from VCs, crypto funds and investors such as Chaudhry.

Website | Twitter

SOURCE:

https://www.phuture.finance/blog/bitkeep-users-can-manage-their-phuture-index-funds-within-the-wallet-app

The post BitKeep Partners with Phuture appeared first on Smart Liquidity Research.

Security at Yearn

At the heart of Yearn’s protocol, is the security of users’ funds. We’ve asked them to explain how their process of tech auditing and due diligence work.

@Corn – core contributor at Yearn.finance:

“Yearn puts security first to ensure funds are safe and not at risk, 24/7. Yearn’s risk framework evaluates seven key metrics: 

• TVL impact
• Third-party audits
• Internal code review
• Complexity
• Longevity protocol safety
• Team knowledge

and testing.

Phuture and Yearn finance

Yearn has been essential to the DeFi ecosystem since its inception, and they wanted to embed Yearn’s yield-generating protocol into crypto index funds.

They’ve been able to integrate Yearn into first index, PDI, to maximise the returns users can have when investing in the Phuture DeFi Index. They’re proud to work with such a pivotal force in the DeFi ecosystem.

“The Yearn community is proud to support Phuture’s mission to bring safe and simple crypto exposure to all investors. We were founded based on the belief that DeFi can reinvent how financial products work, and we’re pleased to be part of this reinvention within the crypto index sector.” — @Corn, core contributor at Yearn.finance

How PDI generates returns

The Phuture DeFi Index generates returns in two ways:

1. Appreciation of the assets within the index,
2. Additional returns by placing a portion of the underlying assets in Yearn.

PDI utilises rigorous criteria to select and manage the assets, based on:

• Liquidity
• Token utility
• Asset safety

You can learn more about the methodology here.

About Yearn 

Yearn Finance is a DeFi protocol that allows users to optimise earnings on their crypto assets through their yVault product. yVault uses strategies that seek out the highest risk-adjusted yield in DeFi, without the need for traditional banks or intermediaries.

Yearn is a DAO, meaning that the ecosystem is decentralised and governed by YFI token holders who submit and vote on proposals that make decisions about the platform.

YFI is also an asset within the Phuture DeFi Index, which aims to bring exposure to the top assets in DeFi.

Website | Twitter

About Phuture

Phuture (PHTR) is a decentralised crypto index platform that simplifies investments through automated, themed index funds on Ethereum. Accessible by anyone with an internet connection, Phuture is perfect for investors looking to upgrade their crypto investment strategy. Founded in 2019, Phuture has raised USD 3.75 million from VCs, crypto funds and investors such as the CEO of Bitcoin.com.

 Website | Twitter

SOURCE:

https://www.phuture.finance/blog/phuture-and-yearn-establish-pdi-as-the-first-defi-index-to-earn-additional-yield

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