Defund is a blockchain that allows the investment in and creation of diversified, autonomous exchange traded funds.
Details on setting up a Defund node and/or validator are coming soon.
You will need Golang, Rust, the Hermes IBC relayer, and the Defund Golang relayer (https://github.com/defund-labs/relayer) installed to run in dev.
git clone https://github.com/defund-labs/defund
cd defund
make install
make init
make create-conn
# Wait for the connection to be acknowledged then
# start the relayer for interquerying
make start-rly#Coming Soon!The following command is an example on creating a new dETF on Defund via the Defund binary:
# Create a new fund
# defundd tx etf create-fund [symbol] [name] [fund description] [base denom] [broker] [holdings] [rebalance period] [connection-id]
# holdings follow a comma seperated list format like so, denom:percent:poolId,denom:percent:poolId
defundd tx etf create-fund ATOM2 "ATOM Top 2" "The top 2 coins in the cosmos!" uatom gdex uatom:50:1,ibc/68A333688E5B07451F95555F8FE510E43EF9D3D44DF0909964F92081EF9BE5A7:50:2 10 connection-0 --from $KEY_NAME --keyring-backend test --home ./network/data/defund --gas autodefundd query etf fund ATOM2All dETF's start at a price of 1 base denom. After the first investment all prices are proportially based on the underlying holdings of that dETF.
defundd query etf fund-price ATOM2defundd query etf fund-prices ATOM2The following command is an example on investing in a dETF on Defund via the Defund binary:
#Coming soon!The following command is an example of redeeming an investment in a dETF on Defund via the Defund binary:
#Coming soon!Stage 1
Specify crypto assets and weights on creation and autorebalance
Stage 2
Add smart contracts allowing for programmatic trading of underlying assets of funds.
Potential Other Additions
- Superfluid Staking
- Add the ability to add instructions that power the trading of funds (if this then thats)