Defund

Defund is a blockchain that allows the investment in and creation of diversified, autonomous exchange traded funds.

Set Up Validator/Node On Akash

Details on setting up a Defund node and/or validator are coming soon.

Install

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

Getting Started in Dev Mode

make init

make create-conn

# Wait for the connection to be acknowledged then
# start the relayer for interquerying
make start-rly

Frontend

#Coming Soon!

Creating A dETF

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 auto

Query dETF

defundd query etf fund ATOM2

All 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.

Query dETF Current Price

defundd query etf fund-price ATOM2

Query dETF Historical Price

defundd query etf fund-prices ATOM2

Invest In A Fund

The following command is an example on investing in a dETF on Defund via the Defund binary:

#Coming soon!

Uninvest In A Fund

The following command is an example of redeeming an investment in a dETF on Defund via the Defund binary:

#Coming soon!

Planned Roadmap

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)

Danil00524/defund