Stock and options trading subreddit, WallStreetBets (WSB), is now offering exchange-traded portfolios (ETPs) to users of the Balancer Protocol. Through WSB, interested traders can invest safely on the blockchain.
WSB is hosting the offering using blockchain technology, to eliminate market manipulation from trading activities. In addition to the anonymity users would enjoy on the blockchain, the technology ensures that the investment approach is decentralized, so that all activity is easily reconciled without the need for human intervention. Furthermore, the blockchain offering makes sure that the offering cannot be compromised by cybercriminals.
Like an exchange-traded fund (ETF), an ETP is a portfolio based on major assets on the market. However, the portfolio would be in the control of WSB community members instead of institutions. The portfolio would hold several types of tokens, including crypto native assets, tokenized commodities, and some crypto stablecoins pegged to fiat currencies. Some examples include USDC, NZDS, wDGLD, EURS, and WBTC.
WSB chose Balance Protocol as the right platform for the ETPs as it offers automated money management services that seek the best gains for its users. Balancer Protocol also helps extend user capital while minimizing risk. Persons interested in the ETP can also access competitive fees and better processing speeds.
Image Credits: Pixabay
