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dHEDGE launches tokenized index tracking its top 10-ranked traders

Funds will be rebalanced across dHEDGE’s top-ranked fund managers monthly. Decentralized fund management platform dHEDGE has launched a tokenized index that tracks its top-ranked traders. An ERC-20 token will also be issued for the index on automated market maker DEXes in futur. dHEDGE allows fund managers to launch actively managed investment pools powered by synthetic assets provided by Synthetix. “What dHEDGE is trying to do is crowdsource the best traders on the internet, and if you can create an index out of that, [...] I think that’s tremendously powerful,” Apollo Capital chief investment officer and dHEDGE co-founder, Henrik Anderson, told Cointelegraph.…

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Synthetix (SNX) Launches Decentralized Asset Management Protocol on Ethereum Ropsten Testnet

Synthetix (SNX), a derivatives liquidity protocol that facilitates the issuance and trading of synthetic assets, has announced the launch of dHedge, a decentralized asset management protocol. The team says dHedge will offer users non-custodial mimetic trading for assets on the Synthetix network, according to a blog post on July 20, 2020. Synthetic dHedge Live onRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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