This basket contains digital cryptocurrencies that provide tools and infrastructure for the crypto ecosystem, including: network scalability, data management, developer tools, payments, and security. The focus for this basket is to hold digital cryptocurrencies that provide necessary utility for the crypto ecosystem to function efficiently and effectively.
Lower Risk*
*This risk level is only factoring in the risk of the digital assets.
LINK
30%
CRV
30%
MKR
30%
FIL
10%
November 1, 2022
Cryptocurrencies providing tools and infrastructure for the crypto ecosystem
Quarterly (by calendar quarter, not date onboarded)
Portfolio rebalancing will be performed at the end of the calendar quarter to bring allocations back to specified percentages. In the interim portfolio allocations will be subject to market volatility due to price movements.
Lower Risk*
*This risk level is only factoring in the risk of the digital assets.
The Utility Basket contains digital assets that provide tools and infrastructure for the crypto ecosystem. Among some of the use cases for these assets are: network scalability, data management, developer tools, payments, and security. The focus for this basket is to hold digital assets that provide necessary utility for the crypto ecosystem to function efficiently and effectively.
Chainlink is a blockchain protocol operating a decentralized oracle network (DON) that seeks to bridge the gap between on-chain and off-chain systems. The project accomplishes this by creating oracles that connect to companies or blockchains via API and deliver real-time price data.
Chainlink (LINK) is used as a payment token to pay node operators for providing oracle services. It’s also used as a work token to be staked by node operators as collateral to provide oracle services. Initial supply is capped at 1 billion LINK tokens, with 35% going to investors, 35% reserved as incentives for network participants, and 30% allocated to LINK’s parent company.
Curve is a decentralized exchange for trading cryptocurrency cryptocurrencies, similar to Uniswap. The key difference is that on Uniswap, you can swap any ERC-20 token (as long as there’s liquidity), whereas Curve is specifically for trading stablecoins on Ethereum. Curve enables fast, efficient, and low-friction stablecoin swaps.
Curve (CRV) is a native governance token. The total supply is capped at 3.03 billion CRV tokens. During the initial token distribution, one million CRV tokens were released per day until 1.3 billion CRV tokens in total were in circulation. After that the distribution schedule is reduced by 2.25x per year with all tokens being fully distributed in 2320.
MakerDAO is an innovative open financial system that mints Dai stablecoins backed by crypto collateral. MakerDAO is a decentralized bank of the future and the entire system runs on the Ethereum blockchain, is decentralized, and is taken care of by smart contracts.
MakerDAO (MKR) is a governance token and also used to purchase excess DAI stablecoins from collateral or surplus auctions. Once the auctions are concluded, the protocol burns the MKR earned. There were one million MKR tokens at launch. MKR is burned or increased in supply depending on how much debt is on the platform (loans) or how much DAI tokens are in circulation.
Filecoin is an open-source cloud storage marketplace, protocol, and incentive layer built on a decentralized storage network. FIL allows anyone to buy or sell storage space on the network, creating a global data storage system that is safe, cost-effective, and scalable.
Filecoin (FIL) is used to participate and transact in the Filecoin network. It is capped at two billion FIL and 70% of the total supply is allocated to Filecoin miners. FIL will be released over time to reward providers of data storage, maintain the blockchain, distribute data, and run applications.
This Basket contains the two most recognized cryptocurrencies, Bitcoin and Ethereum.
This basket contains cryptocurrencies that have large market capitalization, a strong track record of adoption, and have an established history.
