+5
Under review

Funds - Exit to Stable Coin (GVT Utility)

Jacob 7 months ago in Other updated by Genesis Vision Support 7 months ago 1

Hi,

I would like to propose an added utility to GVT for managers using Funds. 


The utility is to allow a manager to reallocate their Fund to 100% stable coin (or similar) at a cost of a small GVT fee. This is in addition to the daily 3% reallocation limit. The alternative would be to allow managers to purchase more % allocation with GVT if their limit is exhausted. 

Reason: If you have used up your reallocation limit there is no way to preserve capital in your fund when Bitcoin makes a large movement down. As a result investors (and AUM of the platform) are impacted. Granted funds are meant to be more passive, I believe crypto with its volatility needs to be treated differently than say a traditional fund.

Thank you for your time.

-1
Under review

Dear Client,


Thank you for your feedback! I will transfer it to the management team for their further review.

Best Regards,

Genesis Vision Team.