DeFund is an L1 blockchain that aims to simplify the creation of cross-chain structured products in the crypto industry. The platform allows quantitative developers, asset managers, hedge funds, financial advisors, and traders to build decentralized, permissionless on-chain trading strategies packaged into a decentralized exchange-traded fund (dETF) token, tradable within any ecosystem or CEX.
DeFund is an innovative program for TradeFi that offers users access to 60+ blockchains and thousands of tokenized assets. The platform abstracts away the cross-chain logic, so building dETFs is entirely state management. DeFund’s mission is to eliminate the most challenging part of building cross-chain structured products in crypto: the infrastructure.
DeFund is built using Cosmos SDK and Axelar to aggregate liquidity from multiple chains. Through their aggregation liquidity engine (brokers), they plan to support many DEXs like Osmosis, Vortex Perpetuals (Sei Network), Stride Liquid Staked Assets, Dydx, Uniswap, Sushiswap, PancakeSwap, DODO, Balancer, Curve, etc. They are also working on a new multi-threaded, parallelized relayer built-in Julialang.
DeFund’s code quality is great. The open-source platform uses good code like C, C++, Rust, Erlang, Ruby, etc. The platform is built with more than 10k lines of code, and there are no known careless errors in the whitepaper.
DeFund’s main utility driver is the xDETF, which powers governance, security, and the distribution of protocol fees to stakers on the DeFund chain. To receive xDETF, DETF is staked into the xDETF module, which burns DETF and mints xDETF. This newly minted xDETF represents your portion of the protocol fee distribution. 100% of all protocol fees are distributed to xDETF holders/stakers.
DeFund‘s platform is fully customizable, allowing users to build dETFs that suit their needs. The platform is permissionless, trustless, and tradable on any DEX/CEX, making it easy to access for a broad range of users.
The DeFund team consists of a sole developer with vast experience in the industry.
Overall, DeFund is an innovative program for TradeFi, making it easier to create different trading strategies. The platform offers a range of features, including index + active funds, cross-chain, aggregated liquidity, permissionless + trustless, and tradable on any DEX/CEX. With good code quality and a clear roadmap for the future, DeFund is well-positioned to become a leader in the cross-chain structured product market.
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