Influencers, asset managers, and any high-performing traders can create and update a public portfolio with:
Participants opt in a Hord smart contract that mirrors a Champion's portfolio, issuing an ETF token that reflects the Champion's portfolio assets movements and fluctuation in real-time.
Champions followers can buy these ETF tokens that are minted when the follower deposits funds in the mirror smart contract.
That ETF's value fluctuates in sync with the value of the assets in the Champions basket and can be redeemed or traded.
The portfolio-mirroring ETF 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 function 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.
End of quarter goals:
End of quarter goals:
Hord V2 Launch!
End of year goals:
What is Hord?
Hord Fund is a data protocol that:
- Enables market leaders to broadcast their portfolio holdings
- Provides smart contracts that consume the broadcasted data to allow the masses to seamlessly mirror the live portfolio changes of market leaders
- Creates liquidity for entire portfolios by tokenizing them
The protocol is designed to facilitate the most commonplace behavioral trait in crypto: social hodling.
What is a Champion?
A Hord Champion is an individual or entity that is willing to broadcast portfolio data. Champions must sync a social profile with their Hord profile to ensure legitimacy.
A Hord Champion's portfolio is built on the Champion Contract (CC) and is mirrored by the Mirror Contract (MC). Champions earn data consumption fees.
What is a Mirror Contract (MC)?
The Mirror Contract mirrors Champion portfolios and in return pays data consumption fees. It buys and sells in accordance to changes in the Champion contract.
Each Mirror Contract accepts contributions from anyone interested in mirroring a particular Champion. Each Champion Contract is mirrored by a dedicated Mirror Contract.
Once contributions to a Mirror Contract close, the Mirror Contract's value becomes tokenized. The minted tokens are tradeable, and they are also redeemable for the underlying share of the Mirror Contract's holdings.
Why not use an AMM?
AMMs are capital inefficient. Given that there may potentially be hundreds or even thousands of tokenized portfolios issued on Hord, enabling low-slippage trading would require an incredible amount of cross-asset liquidity.
An orderbook DEX can enable low-slippage liquidity with minimal need for counter-asset liquidity. Given that tokenized portfolios are redeemable for their underlying value, there will always be a price floor, ensuring asset price confidence without the need of locking liquidity in an AMM. This makes liquid, low-slippage trading of tokenzied portfolios incredibly easy.
Who can become a Champion?
Anyone can become a Champion, as long as they are willing to validate an associated social profile and provide a minimum portfolio of $5,000.
Though, the true value in being a Champion is driven by having the influence or successful track record to drive demand for consumption of the portfolio data.
Who can contribute to a Mirror Contract?
Anyone. Hord is a decentralized protocol operated by smart contracts. No person or entity controls access to data consumption of Champion Contracts.
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