Influencers, asset mangers, and any high-performing traders can create and update a public portfolio with:
Participants opt in to a Hord smart-contract that follows a Champion’s portfolio, issuing a token to reflect the data of the live basket of assets the Champion broadcasts.
Followers can buy the basket tokens that reflect the real time value of their share of the basket.
These tokens change in value based on the price shifts of the assets mirrored by the underlying basket, and can be redeemed or traded.
The portfolio-mirroring token is liquid.
Trade these tokens, including close-ended and time-locked ones, on the Hord orderbook DEX, even at a price higher than their underlying value.
Hord’s multi-filter search facilitates the selection of best performing ETFs according to a large number of parameters.
Hord's leaderboard displays in real-time the up and coming highest performing portfolios.
AMMs are capital inefficient. They require massive amounts of deposits to trade without large slippage.
Hord’s orderbook DEX enables trading ETF tokens without burdening liquidity providers.
Portfolio Leaders with a track-record of high performance qualify as Champions.
Champions are given the spotlight on the Hord Platform.
Rising portfolio managers can be accepted into the guild through governance.
Mirroring portfolios pay a 0%-40% gratuity fee for their performance.
Champions' are also collectively distributed 25% of the trading fees generated on the orderbook DEX. This gratuity is in proportion to the LTV of champions mirrored baskets.
Upon redemption, 5% of profits are being used to buy back and burn HORD tokens.
When a portfolio ETF is redeemed for its underlying value, a 0.5% fee is applied.
A 0.25% fee applies to trades of ETFs on the orderbook DEX if traders own HORD tokens. Otherwise, a 0.4% fee applies.
50% of DEX fees reduce HORD token supply. The other 50% replenish the development fund.
HORD stakers will earn the right to partake in governance of the network and protocol.