The new funds rely on smart contracts to simplify portfolio diversification after the BiShares community requested the new feature.
Listening to the Community
The BiShares community has spoken, and the results were explosive. A new BiShares dETF (Decentralized Exchange Traded Fund) was launched called Chain Fund – a chance for potential buyers looking to diversify across the cryptosphere into the native tokens of some of the strongest chains.
The release of this fund comes after the launch of the genesis funds which were the biT10 (BSC Native Top 10) and the biApe (ApeSwap Fund). The BiShares community craved for a fund constituted of the native coins of different chains. It’s been delivered.
What dETFs Mean For the Community
All the dEFTs enable crypto enthusiasts to diversify with one button click, as the technology implied in the smart contracts allows them to purchase all the underlying assets in the fund and hold them in a single token. The biChain fund is composed of Bitcoin, Ethereum, Cardano, Avalanche, Fantom, Matic and BUSD, with a 1% allocation of BISON – BiShares’ governance token. BiShares developers have added stables into this fund to allow users the unique ability to arbitrage the price of the token and the movements of the underlying assets more aggressively. This fund has a single minting feature as well as a multi mint. The possibility to mint the fund token with $BANANA was also added to satisfy a large ApeSwap following.
BiShares is now onboarding other major Decentralized Exchanges (DEXes) and plans to release partner funds in the weeks ahead. Some notable names that have shown interest are Wault, JetFuel and Wall Street Bets. Additionally, two other major DEXes will be named at a later date after the partnerships are 100% solidified. The DEX Fund will include some of the highest quality DEXes in the industry.
Upcoming Fund Launches
Plans for the upcoming fund launches also include the FOMO Fund, where tokens with the most “moon potential” will be audited and placed for a wild high risk/high reward atmosphere. This fund is not for the faint of heart but it’s very suitable for those who seek wild swings and high returns.
The most awaited and anticipated fund will be released later this month – the GAME Fund. This instrument will be fully packed with gaming tokens and targets the fund to grow to over 10 tokens after launch. Play to Earn (P2E) games are one of the absolute major trends in the crypto space and the Dev team is ready to deliver.
Lastly, BiShares will be launching its own ArbEx (Arbitrage Exchange) to list its funds. This will provide users a big window of opportunity to arbitrage the funds and make additional revenue using our platform and in turn creates more revenue for the DAO. Our DAO’s mission has now focused on creating fees for the treasury, which then get distributed to stakers.
Be sure to join our Telegram group and follow us on our Twitter account to keep up to speed with the fund releases and all things BiShares related!
Source : bsc.news
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