BNC Maker Vault ETP
BNC Maker Vault ETP (Exchange-Traded Portfolio) is a physical representation of the BNC Maker Vault Index, issued on Balancer Protocol.
The ETP mimics the constitution and weights of the index. It is rebalanced in alignment with the index, providing traders an opportunity to get non-synthetic exposure to the assets that are made up of the index, and/or speculate on arbitrage between the price parity of the index-powered perpetual swaps and the spot market for ETP.
Powered by Balancer,
an Ethereum-based liquidity pool and asset management platform.
BNC Maker Vault ETP
BENEFITS OF THIS ETP
ETP CONSTITUENTS
BNC Maker Vault ETP Overview
ETP Thesis
In the context of BNC BMVI, the term “Maker Vault” refers to assets available and vetted by the MakerDAO governance body. For a new token to be added to the protocol, it needs to be accepted by the decentralised governance body of MakerDAO. This is done via Executive Voting, Governance Polling, and ensures that ‘unstable’ crypto-assets cannot be used in the DAI ecosystem.
BNC Maker Vault ETP (Exchange Traded Portfolio) is a physical representation of the BNC Maker Vault Index, issued on Balancer Protocol. The ETP mimics the constitution and weights of the index. It is rebalanced in alignment with the index, providing traders an opportunity to get non-synthetic exposure to the assets that are made up of the index, and/or speculate on arbitrage between the price parity of the index-powered perpetual swaps and the spot market for ETP..
BNC Maker Vault Index is a rules-based sector index designed to measure the growth of crypto assets used as collateral and locked in the Maker Vaults. This institutional-grade index product tracks the market performance of the 8 largest crypto assets in the Maker Vaults at a sub-second frequency. The constituent asset weightings are rebalanced every three months based on free float market capitalisation with capped at a maximum constituent weight of 25%.
BNC Maker Vault ETP is exactly like the index, but physically holds onto the underlying assets in a non-custodial way, powered by Balancer.
| Fact Sheet | |
|---|---|
| Ticker | BMVI-ETP |
| Inception Date | TBA |
| Index Base | BNC Maker Vault Index |
| Constituent Amount | 8 |
| Weighting Method | Free-Float Market Capitalisation with a 25% Cap |
| Rebalancing Period | Quarterly |
| Platform | Balancer Protocol v1 |
| Blockchain | Ethereum |
| Benchmark | USD |
| Strategy | Passive |
| Fees | No fees on v1; Fees for v2 TBA (v1 to v2 migration will be optional) |
| Network (Gas) Fees | Self-service / paid directly by the investor |
| Subscription | Anytime. Min US $10,000 (recommended) |
| Redemption | Anytime, no lockups |
| Maturity | Open-ended |
| Investor Profile | Wholesale / Accredited |
ETP TOKEN
$BMVI-ETP is a tokenised unit of the ETP, representing a pro-rata share the ETP’s underlying. View the token on:
INDEX PERP
$BMVI can be traded as a perpetual swap with leverage on the following avenues:
THE ETP IS TRADED AND AVAILABLE ON
HOW TO INVEST
STEP 1
STEP 2
Select a Product
Head to our page on the market operator’s web-site, select a portfolio that suits your investment goals & risk appetite.
STEP 3
Press the Buy Button
Use your wallet (e.g., Metamask) to acquire a position in the portfolio. You can top up or draw down your interest at any time.