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heeshilio
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How @glaze_corp funds are different from other onchain funds:
Speculation builds the fund
Most onchain funds mint new tokens at NAV, so their price is pinned to the backing and there鈥檚 nothing to speculate on. Ours are only created by mining, so the coin can trade above its backing. Miners pay based on that price, so the hotter the coin, the more money goes in to buy assets.
They grow from mining, not just trading fees
Funds that build from trading fees only grow when people trade. Ours grow every time a coin is mined, plus trading fees if they want them.
Holders or managers choose what it buys
In a community-led fund, holders allocate. A manager-led fund is run by people or agents.
They can evolve
Balancer style funds are set in stone at launch. Ours can add new assets and stop buying old ones.
They never sell
Balancer style funds rebalance, selling winners to buy losers. Ours only decide where new money goes, so winners keep running.
They鈥檙e built for up to 1,000 assets
Balancer style funds cap at 8. An S&P 500 fund holds 500.
They can hold almost anything
No price feed is needed, so a fund can hold tokenized stocks, yield tokens, leveraged tokens, low liquidity memecoins, and even its own liquidity.
There are no management fees
Imagine if BlackRock owned the exchange its ETFs trade on and earned trading fees instead of management fees. Every fund has its own market, so managers can earn from its swap fees or send them to the fund.
Speculation builds the fund
Most onchain funds mint new tokens at NAV, so their price is pinned to the backing and there鈥檚 nothing to speculate on. Ours are only created by mining, so the coin can trade above its backing. Miners pay based on that price, so the hotter the coin, the more money goes in to buy assets.
They grow from mining, not just trading fees
Funds that build from trading fees only grow when people trade. Ours grow every time a coin is mined, plus trading fees if they want them.
Holders or managers choose what it buys
In a community-led fund, holders allocate. A manager-led fund is run by people or agents.
They can evolve
Balancer style funds are set in stone at launch. Ours can add new assets and stop buying old ones.
They never sell
Balancer style funds rebalance, selling winners to buy losers. Ours only decide where new money goes, so winners keep running.
They鈥檙e built for up to 1,000 assets
Balancer style funds cap at 8. An S&P 500 fund holds 500.
They can hold almost anything
No price feed is needed, so a fund can hold tokenized stocks, yield tokens, leveraged tokens, low liquidity memecoins, and even its own liquidity.
There are no management fees
Imagine if BlackRock owned the exchange its ETFs trade on and earned trading fees instead of management fees. Every fund has its own market, so managers can earn from its swap fees or send them to the fund.
$WSM market cap: $18.7k
protocol buying this week: $5.5k worth of $WSM
1/3 of the market cap, bid by the fund itself, paid from its own revenue
protocol buying this week: $5.5k worth of $WSM
1/3 of the market cap, bid by the fund itself, paid from its own revenue
you can merge mine $GLAZE rn by mining any fund on GlazeCorp
turn speculation into backing
In a rather comical ratio, over the course of about 36 hrs the treasury for @WSMCO_'s token on @glaze_corp has generated over $10k through Glaze's mining mechanic, with the treasuries value coming up to almost half of the tokens marketcap today.
Onchain experiments are wildView quoted post on X
