SPICE DAO's Mission

SPICE DAO is the decentralised hub for investment funds.

It’s Community owned; relentlessly innovative; designed to create value.

This topic will give you a rundown of why we exist, what we do and why you should care.

Why Decentralised Index Funds (ETFs)?

  1. The cost for transactions in the Ethereum network is huge. Like it or not, it’s still the home of DeFi.

  2. There is a lot of noise, especially for investors that have not ventured down the crypto rabbit hole.

Why care about investment funds?

  1. Outsource strategy : Funds are a great way to follow a certain defined strategy or bank on the expertise of others. Diversify risk!

  2. Outsource execution: an investment fund pools the efforts to constant monitoring, complex calculations, and knowledge of decentralised secondary markets, and does this centrally for all its investors.

  3. Reduce transaction fees : by investing into a single asset that represents, say 10 others, we can reduce our transaction costs by a factor of 10.

SPICE DAO = Investment Funds + Decentralisation

The SPICE DAO is an investment fund provider that leverages the benefits of decentralisation to create a community driven hub for on-chain investment funds. This opens a host of new opportunities for interaction and product development.

So how exactly does SPICE DAO leverage decentralisation?

  1. Community ownership: The SPICE DAO issued a governance token called $SPICE. The holders of this token form the SPICE DAO and can govern the project and certain aspects thereof. The DAO may decide to launch a new index token, or change the methodology of an existing one, propose use of marketing budget, or any other topic for that matter.
    Proposals and voting take place on Snapshot.

  2. Decentralising market-making : by enabling interaction with the funds’ smart contracts, anyone can mint new index tokens by locking the underlying assets into the smart contract. Conversely, anyone can redeem the index token for its underlying constituents.
    Learn how decentralised market making works.
    → Learn how to mint and redeem index tokens ( $SCIFI | $GBI )

  3. Transparency: it is in the nature of on-chain products, that any and all transactions can be tracked, providing a perfect audit trail both for the $SPICE as well as the index products. This creates alignment of incentives and accountability between the community and the admins and gives full transparency of token movements, rebalancing transactions and more.
    View $SPICE on Etherscan
    View $SCIFI on Etherscan
    View $GBI on Etherscan