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dHedge receives funds worth $1.15 mn from Framework Ventures, others

There will be 33 fund managers operating in the platform in the initial stage

The decentralized asset management platform dHEDGE has received expansion support from some of the biggest companies in the DeFi field such as Framework Ventures and Alameda Research.

It is reported that company investors along with DAO will invest $1.15 million in dHEDGE’s fund managers. There will be 33 fund managers operating in the platform in the initial stage. DAO is the protocol’s decentralized autonomous organization.

dHEDGE’s Henrik Andersson said that the company is happy with the managers who are overseeing pools on the platform. Henrik Andersson added that the platform has the capability to host managers overseeing investments in both non-crypto-native and traditional asset classes.

In terms of funding, dHEDGE DAO had contributed $ 651,000, followed by $550,000 from dHEDGE investors Framework Ventures including other investors such as Klein Blue Capital, Alameda Research, DeFiance Capital, Divergence Ventures and Mechanism Capital.

Also, dHEDGE expects more than 1.8 million in funding apart from the current funding which is to be deployed across its pools in a few weeks.  The investment by dHEDGE DAO is yet to get a green signal from the stakers of dHEDGE’s native DHT token. The development expects the DAO to be in line with the investments carried out by 177 fund managers, if the approvals are granted. A successful approval will see a distribution of an additional $10000 to each of the 16 fund managers.

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