Fyde

$FYDE

This is a standard mutual fund from Web3 that will invest investors' assets in Web3 products. It's an easily understandable, time-tested business model that integrates with new financial instruments.

There is no need to be fully transparent about which assets the fund will invest in, as this information provides a competitive advantage over other funds.

The only question that arises is why a DAO is needed in this case. Investors will be investing money in the team, trusting that their experience will enable them to invest in assets better than what they could have done independently.

Therefore, the benefit of a governance token appears unclear and even discouraging. If you have a strategy that has shown good results on a backtest, you don't need to reinvent the wheel - go directly to investors and show them the numbers. Show Less

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