DeFi Review: An Investor’s Guide to dHedge

Key Takeaways

  • Instead of paying centralized managers or parting with your cash via a robo-advisor, dHedge decentralizes and removes the middlemen in asset management
  • The project has earned additional attention thanks to an ongoing trading competition on the platform.
  • dHedge is backed by notable DeFi investment funds and lead by a team with a rich background in traditional finance as well as blockchain development.

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dHedge is working to decentralize and render permissionless traditional asset management services. It takes the idea of robo advisors, adds a community, and lets anyone in the world become the robo. Plus, you never hand over your funds. 

The objective falls in near-perfect alignment with the rest of Defi: Oust the middle man and let everyone participate. 

The team behind dHedge is also making another unique bet on Synthetix. The entire protocol is built on this DeFi darling, meaning it has also bootstrapped one of the most active communities in crypto these days and a lucrative crypto token to boot. 

Synthetix Token Price Action
SNX price action since March 2018. Source: CoinGecko

This community has come alive most actively during the latest testnet trading competition. 

The project’s second trading competition is already underway on Ethereum’s Ropsten testnet, with 125,000 DHT, dHedge’s native token, and 6,600 SNX are up for grabs. Traders who finish in the top 20 will receive tokens as a prize. 

There are over 450 participants, and the competition will extend to early September. Mainnet will launch soon after the conclusion of the trading competition. 

But before that happens, let’s dig into this week’s Project Spotlight: dHedge.

What Is dHedge and How Does It Work?

dHedge is an asset management protocol built on top of Synthetix. Anybody can set up their own investment fund on the Ethereum blockchain or invest in a fund managed by someone else in a completely non-custodial manner.

Synthetix is a synthetic asset issuance protocol that supports…

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