2021-04-01 19:01:11
Continuing our series of posts about Dexe Investment, it’s time to unbox how traders can create their own asset.
Let’s say a good trader, Juan, wants to profit from his trading success in the easiest way.
He creates the JUAN coin, collateralized by all the assets in the pool (let’s say it’s BTC, ETH, USDC, DEXE, and YFI). Investors believe in Juan and so buy up JUAN.
As Juan’s trades are more and more successful, one or more of those 5 assets in the pool naturally increase.
Automatically, the value of JUAN
increases proportionately since it is tied to the average value of those 5 assets held in the pool. Investors
don’t need to receive profits in each of the 5 assets or to wait for payout — JUAN’s value is adjusted right away without any manual actions. JUAN is freely
tradable too, so if an investor needs some quick liquidity, they can sell JUAN to another investor.
There a lot more use cases for creating one’s own asset.
Read more about them here https://bit.ly/3wenIgt
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