I'm looking for some DAO tooling that would allow me to create a sort of index fund. Do you know any?
Heres how it would work:
The DAO would weight different assets (ie, 30% USDC, 10% wBTC, 10% ETH, 10% CRV, 10 AAVE, 30% SHIB as an example). This would be static and it wouldn't rebalance.
When a user then sends funds to the DAO contract, it would automatically acquire the assets per the weights the DAO has chosen.
The user would then get a DAOTOKEN back. This would potentially provide governance rights - ie, to propose different weights or different assets etc.
When sending the DAOToken back to the DAO contract, ie redemption, the DAO would automatically liquidate a corresponding portion of the funds and return stablecoins back to the user.
Its similar to Indexed in certain ways, except that the DAO would be able to choose the tokens to include in the index so to speak.
Any ideas or projects doing something similar id be very happy to know about.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments