Net Asset Fund
The Net Asset Fund comes from the accrued undistributed earnings of the DIPX platform.
The Net Asset Fund consists of:
30% of fees generated from trading will enter the Net Asset Fund as the income of DIPX. The fee should be deducted from referral rewards and network fees. The network fee is calculated as 1% of the total fee. The remaining 70% is distributed to liquidity providers.
30% of the funding fee charged on the positions held by traders will enter the Net Asset Fund as the income of DIPX.
DIPX will automatically transfer the Net Asset Fund into the liquidity pool as a liquidity provider and earn 70% of trading fees and funding fees by a share of the liquidity pool. The earning will be included in the Net Asset Fund and rolled into the liquidity pool again.
Value of Net Asset Fund
The value of the Net Asset Fund will be calculated into USD by the spot exchange rate and shown in real time. The composition of the Net Asset Fund is various DLP and SLPs. Since some SLPs may have unfair prices, when the Net Asset Fund's value is converted into USD for the public, only DLP and mainstream SLPs are included, excluding non-mainstream SLPs' assets. The mainstream SLP list is determined by DAO voting.
Use and Distribution of Net Asset Fund
The Net Asset Fund only circulates within the DIPX system and does not invest externally.
During the duration of the project, 80% of the fund increment is routinely distributed to veDIPX holders in the form of DLP every week. (If there is no positive increment, it will not be distributed, and this week’s increment will need to make up for the negative increment of the previous week before being distributed).
10% of the Net Asset Fund is used to support the development of the platform every year.
When the Net Asset Fund has accumulated enough, a certain amount of DIPX tokens can be repurchased and destroyed by Net Asset Fund.
Other uses of the Net Asset Fund are subject to DAO's voting.
The Net Asset Fund is the underlying asset of the DIPX token, which includes various cryptocurrency assets as income (trading fee and funding fee)generated from the index leverage trading. Theoretically, the value of the Net Asset Fund has a high probability of continuing to rise. With the accumulation of time, the Net Asset Fund will gradually strengthen the stability of DLP/SLP's liquidity.
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