Expansion to cross-chain decentralized exchange-traded funds, or dETFs, has begun. BiShares will be integrating with the Fantom community to bring the first iteration of a Fantom dETF. Co-founder @DeFiVlad describes the breakthrough as “crypto is bridging, very soon it's all one crypto, chain interoperability will be the new norm, we welcome all chains with open arms — we are crypto — together we will prevail.”
Sticking with its Binance Smart Chain (BSC) roots, BiShares plans to bring interest-bearing nonfungible tokens or, NFTs, and funds to the BSC dETF ecosystem in October with large partners in BSC. Co-founder @allthingsNFT states, “we are working to bring yield-bearing products to the farming centric enthusiasts — we are building real-world products for both apes as well as hedge funds to start diversifying into. BiShares is planning an NFT marketplace for the beginning of November as well. “Being able to mint with BNB will add incredible utility for our collectible NFTs that have a yield-bearing to it when staked in the interest-bearing farm funds to be launched,” @allthingsNFT explains. “We will be launching a marketplace as well for these.”
Got FOMO?
BiShares' next fund to be launched is the FOMO Fund. This fund is a wild ride of hand-picked high velocity, volatile tokens that have ample room for growth. This will be the most explosive fund, but do note that diversifying across multiple tokens instead of one is always safer from market conditions and individual token volatility risk.
BiShares has also added ArbEx, its exclusive decentralized exchange (DEX) that is listed and trades its own fund tokens.
This gives the users the ability to arb the funds and scalp profits in pricing inefficiencies that the fund token price may have related to its underlying tokens.
Most recent funds
BiShares has added more dETFs for easy crypto diversification. The latest fund to drop was the BitMEX Fund. This dETF richly blankets the entire cryptosphere as it includes some of the major blue chips as well as tokens from other sectors. It stands as the largest BiShares Fund. Furthermore, it was named after the future’s platform, Bitmex, as it takes most of the contracts traded on that platform and lets users buy all the tokens with ONE click. Powered by smart contracts on BSC, the fund lets users hold all the underlying tokens — a truly fascinating decentralized finance (DeFi) concept that is safe and lets the user hold the biMEX token.
BiShares will also be launching a fund on Oct. 2 for DeFi enthusiasts to engage in called biDEFI. Supported by ApeSwap, this list of funds and weightings allows users to properly diversify into the DeFi space with ease through tokens like Ether (ETH), LINK, COMP and SNX, just to name a few.