Emergence DAO
  • Introduction
  • Litepaper
    • Mission
    • Principles: Learning from Nature
    • Governance
      • What are the roles in the DAO?
      • How does voting work?
      • Wen token?
    • Scout Bees Referral Program (1st Phase)
      • Scout Bees Referral Program (1st Phase)
      • How to Become a Scout Bee (Referral)
      • Rewards
      • F.A.Q.
        • How do I generate an invite link without expiration?
        • How do I know that the Dance Season is over?
        • How do I know how many beekeepers I’ve invited?
    • 2nd Phase of Emergence DAO
    • Core Team
    • Funds management
      • Trading strategy
      • Executing the strategy on TokenSets
      • How to allocate funds to Emergence BTC strategy
  • Additional documents
    • Official Links
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  2. Funds management

Executing the strategy on TokenSets

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Last updated 2 years ago

The whole asset management process including funds depositing/withdrawing, management fees distribution, and strategy execution will be implemented on the TokenSets Platform in the first phase of the Emergence DAO.

TokenSets is a Web3 asset management platform built on the , which allows users and asset managers to create and manage their tokenized strategies by interacting with the underlying smart contracts.

By using TokenSets, the Emergence DAO becomes an on-chain asset manager and gets a Web3 framework where connections and relations occur in a transparent way and the system works for the good of all participants.

Fund allocators have full control of their money and see the strategy performance 24/7. They can deposit/withdraw funds at any time. The asset manager can’t steal or transfer their funds.

The Emergence DAO serves as a Set owner and manages assets from allocators. Set owners can:

  • Determine the size of the management fee that goes to DAO Treasury multi-sig wallet (Set owner address);

  • Determine a share of the management fee that goes to Cindicator as the facilitator and data provider that the on-chain asset manager uses (Set Methodologist address). Data provider can be deleted or replaced by DAO;

  • Perform rebalancing of a Set and assign Set Operators – addresses that are in charge of the operations of a Set;

  • Determine a whitelist of assets the operator can trade.

The scheme can be demonstrated as follows:

The initial version of TokenSet issued by Emergence DAO consists of the following assets that are needed to execute Cindicator SuperForecasters Emergence Bitcoin Strategy on the Ethereum Blockchain:

  • WBTC;

  • USDC.

Set Protocol