OKEx Lists Decentralized Asset Management Protocol dHedge (DHT)

Malta, Sept. 17, 2020—OKEx(www.okex.com), a world-leadingcryptocurrencyspot and derivatives exchange, has announced the listing of DHT, the governance token of dHedge, a decentralized asset management protocol built on top of Synthetix. With the aim of removing intermediaries in asset management, dHedge provides noncustodial mimetic trading for synthetics on Ethereum, allowing anyone to gain exposure to any asset class without having to rescind their private keys or pay a centralized manager.

DHT spot trading against USDT went live at 10:05 am UTC on Sept. 17, with trading against ETH opening one hour later. Deposits of DHT were available from 10:00 am UTC on Sept. 17, and DHT withdrawals will open at 9:00 am UTC on Sept. 20. To celebrate the new listing, OKEx is running a campaign that allows traders to share in $10,000 worth of rewards for DHT deposits on the exchange, which will run from 10:00 am UTC on Sept. 17 to 10:00 am UTC on Sept. 21.

Designed to allow anyone to gain exposure to lucrative investment opportunities, and with the backing of major DeFi investment funds including Maple Leaf Capital and Blocktower, dHedge takes advantage of Synthetix's synthetic asset issuance protocol that supports a wide range of assets including BTC, ETH, gold, silver and equity indexes. Users can create their own investment fund on the Ethereum blockchain with dHedge or they can choose to follow traders and invest in a fund managed by another participant in the ecosystem.

dHedge allows users to either manage funds themselves or use an algorithm that is built to invest based on a predetermined strategy. This allows for a wide degree of flexibility, as managers can choose how to base their strategies, using fundamentals, technicals or algos. dHedge's noncustodial proposition and sophisticated infrastructure makes asset management both open and secure, and allows all traders to open their own open-source mutual fund without having to be handpicked by a gatekeeping company.

"dHedge is yet another shining example of the continued innovation to come out of the DeFi economy. We are just scratching the surface of what will be possible in the future as protocols like these effectively decentralize traditional asset management services, democratizing access to investment, and creating a level playing field for all," commented OKEx CEO Jay Hao, adding:

"We are pleased to continue to support the positive steps that are being taken in the DeFi space and applaud the very high-value proposition that dHedge offers everyday investors."