+2
Under review

Sell funds to BTC or USDT without losing rebalancing %

Shekelmeister 4 years ago updated by Genesis Vision Support 4 years ago 1

Hello GVT team,

Recently I've launched my own fund and I have a proposal to make. I'm a short term trader usually expecting coins to move up in a few days or weeks. Sometimes coins go up more then 50-100% in this period, but having the 3% daily reallocation makes it hard to secure profits and still being able to rebalance to other coins later on.

With this proposal I would like to ask if it is possible to sell funds to BTC or USDT without losing rebalance percentages. 


For example:

I have 100% to rebalance.

Fund allocation: 50% GVT and 50% ETH. 

Ex. 1

I Sell 20% GVT allocation for USDT or BTC > 100% left to rebalance

Fund allocation: 30% GVT, 20% USDT, 50% ETH


Ex. 1.1 (Optional)

Rebuy GVT with USDT allocation > 100% left to rebalance

Fund allocation: 50% GVT, 50% ETH

Ex. 2

I rebalance 20% ETH to GVT > 80% left to rebalance


In my opinion this will make the platform more attractive for short term traders as we all know the cryptocurrency markets can be very volatile at times. Perhaps there should be a extra risk warning that this is a short term fund with a opt-in option for investors not interested in this service. Investors will then hold the original allocation until rebalancing happens.

To prevent unexpected things to happen there should be a limit of doing this once a day with 20-100% of the allocation. To prevent strong market dumps there could be a limit of doing 5-10% an hour. Or sell X% every X minutes.


What's also possible is that this idea can only be used when the Fund Owner holds more then X amount of GVT tokens. This creates more utility for the GVT token. Fund owners could hold different levels of GVT for extra Fund options.

I hope this will be taken into consideration.

Kinds Regards,

Shekel

 

Answer

-1
Answer
Under review

Dear Shekel!

Thank you so much for taking the time to send such detailed feedback. I will definitely transfer it to the team for their review.

Have a great day!

Best Regards,

Genesis Vision Team.

-1
Answer
Under review

Dear Shekel!

Thank you so much for taking the time to send such detailed feedback. I will definitely transfer it to the team for their review.

Have a great day!

Best Regards,

Genesis Vision Team.