The Phuture is Decentralized
With coingecko claiming that the total market capitalization of $128 billion for decentralized Finance(DeFi), as of April 2021, the potential of same is boundless. With multiple Applications and services launching every week, only those in the know-how are able to navigate through it successfully. An outsider or newcomer has little possibilities for success.
Phuture, erstwhile PhutureDAO, aims at building a platform that allows for creating indexes, an auto re-balancing functionality and an architecture that is non-custodial.
A protocol designed to create programmable indexes that involve real underlying assets and not just nominal tokens or placeholders will attractive the big players of the crypto world. Phuture is connected with major liquidity sources on the Ethereum platform allowing users to invest or engage with its platform from day one. The non custodial architecture is an important pillar of decentralization that has been well adapted in the Phuture protocol.
The reserve model allows for the ‘extra’ assets to sit off chain and attract interests. Meaning one doesn’t need to worry about losing out if given the opportunity to invest long term.
An example to further understand the revenue model of indexes. User ‘A’ can create an index and publish it, other users can use the index built by User A and invest in a similar fashion. The participation of other users in User A’s index will allow User A to reap profits. Thus, allowing for a constructive and innovative platform for an engaging investment approach.
The pivotal PHTR token will incentivize activities performed on the platform. Those that stake PHTR can exercise voting rights, propose new ideas, and they would also earn ePHTR, a yield generating variant of PHTR.
The Phuture IDO has been scheduled on Polkastarter. Follow them for more updates:
