BNC Maker Vault ETP

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.

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BNC Blue-Chip DeFi ETP
Powered by Balancer,

an Ethereum-based liquidity pool and asset management platform.

BNC Maker Vault ETP

TOKEN TICKER

BMVI ETP

TOKEN PRICE

TBA

AUM

TBA

RETURN ITD

TBA

BENEFITS OF THIS ETP

NON-CUSTODIAL

Ethereum smart contracts replace intermediaries and ensure safe asset storage. You are in full control of your funds at all times.

PROGRAMMABLE

Plug & play architecture of DeFi, allows us to programme the portfolio to behave as per set parameters, eliminating a risk of human error.

TRANSPARENT

Software replaces intermediary to ensure transactions validity and assets storage. At all times you are in control of your funds, not the bank.

LOW-COST

DeFi helps us to significantly reduce back- and mid-office costs, which means you pay less commission. No hidden front or back load fees.

FACT SHEET
PRODUCT BROCHURE
METHODOLOGY

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:

Ethereum Block Explorer

ETHERSCAN

Market Data Provider

BRAVE NEW COIN

INDEX PERP

$BMVI can be traded as a perpetual swap with leverage on the following avenues:

Centralised Exchange

BTSE

Decentralised Exchange

LEVERJ

THE ETP IS TRADED AND AVAILABLE ON

PRIMARY ISSUANCE

BALANCER

SECONDARY MARKET

UNISWAP

SECONDARY MARKET

METRIC

SECONDARY MARKET

1INCH EXCHANGE

SECONDARY MARKET

DASSET

SECONDARY MARKET

ZAPPER

SECONDARY MARKET

ZERION

SECONDARY MARKET

ARGENT

SECONDARY MARKET

METAMASK

RISK CONTROL

Nexus Mutual

Understand the risks of using DeFi-based platform as outlined in our risk reports here, here, here, and here.

Hedge your exposure by getting covered against smart contract failure. You can purchase an insurance-like cover from our partners at Nexus Mutual and Unslashed Finance.

Unslashed Finance

HOW TO INVEST

STEP 1

STEP 2

STEP 3