TokenDAO Polygon Portfolio (TCORP)
TokenDAO's flagship product on Polygon.
Last updated
TokenDAO's flagship product on Polygon.
Last updated
Contract address: 0xf45aDA90c2bB89Fd53C921FDE17F1Ec0C00A6F00
The TokenDAO Core Polygon Portfolio (TCORP) is a strategy providing low-cost, long-term core exposure to the performance of the overall cryptocurrency market deployed on the Polygon blockchain.
The TokenDAO Core Polygon Portfolio is a strategy designed to track the overall performance of the Layer-1 (base network) cryptocurrency market. The portfolio is weighted based on a combination of capitalization weighting, equal weighting, and portfolio optimization algorithms. The TokenDAO Core Polygon Portfolio aims to be a core holding within any diversified cryptocurrency portfolio.
Hold TCORP as a long-term core portfolio holding.
Earn swap fees by adding liquidity to the MATIC/TCORP Quickswap liquidity pool.
Arbitrage the net asset value (NAV) of TCORP with the MATIC/TCORP liquidity pool price.
Anyone with an Polygon wallet can buy TCORP from a liquidity pool.
You can earn swap fees on your TCORP by contributing liquidity to the Quickswap MATIC/TCORP liquidity pool. Liquidity pool providers earn 0.3% on all swaps.
The token must be representative of a Layer-1 blockchain or sidechain. The token must have a tradable ERC-20 token representation on the Polygon blockchain and can be in any form if there exist adequate liquidity available, reasonable transaction costs, and low tracking error. Tokens with low liquidity, high transaction costs, or high tracking error are excluded. The token must not be considered a security by corresponding authorities across different jurisdictions.
Rebalancing follows a percent-range rebalancing approach that involves setting rebalancing thresholds or trigger points, stated as a percentage of the portfolio’s value, around target values. This approach is intended to keep turnover and network fees low. Rebalanced weightings are computed using a combination of capitalization weighting, equal weighting, and portfolio optimization algorithms.
Anyone with an Polygon wallet can issue new fully-collateralized TCORP tokens, but must first purchase the underlying constituent tokens with their wallet from an exchange.
First, go to the TCORP TokenSets product page and log in with a Web3 wallet. Click on the button with three dots (shown below).
Select Issue.
Type the number of TCORP tokens to issue and the schematic will update to show the amount of each token required to issue the desired number of TCORP tokens. Purchase these tokens in the amount required and once the required amounts are purchased in the wallet, then the "Issue" button at the bottom will activate, click on it.
Confirm your choices, approve the transactions, and the new fully-collateralized TCOR tokens will be received.
Anyone who owns TCORP can redeem TCORP for the underlying collateral portfolio.
First, go to the TCORP TokenSets product page and log in with a Web3 wallet. Click on the button with three dots (shown below).
Select Redeem.
Type the number of TCORP tokens to redeem and the schematic will update to show the amount of each token you will receive into your wallet. Click redeem, approve the transaction, and your wallet will then receive the underlying tokens of the TCORP portfolio.
