Phuture

Phuture is a decentralized protocol designed to create and invest in passive index strategies in a Web 3.0 environment.

Phuture is a decentralized protocol built for creation and investment into the baskets of crypto assets, known as an index. It provides access to manage portfolios of crypto assets through a single token. The protocol hosts and executes user defined indexing strategies which follow the Phuture open architecture standard, provide rebalancing mechanics, flexible index design and permissionless index creation.

Phuture is based on an open design philosophy that creates passive investment strategies. It provides users with the tools they need to create new indexes and invest in existing indexes created by others.

Phuture was created in 2020 by Charles Storry, Oliver Mehr, and Alex Melnichuk.

Phuture raised over $1.5 million on a seed round from venture capital firms including Waterdrip Capital, SevenX Ventures, NEO Global Capital (NGC), ZBS Capital, D64 Ventures, Skynet Trading, Moonrock capital, Richard Ma (CEO of QuantStamp) and Danish Chaudhry (CEO of Bitcoin.com).

On June 3, 2021, Phuture launched the Initial Dex Offering (IDO) on Polkastarter for the $PHTR token.

On July 29th, 2021 the launch of the first iteration of the Phuture testnet Alpha.

In 2021 the project integrated with Mirror Protocol, Keep3r Network, Chainlink, The Graph, Harvest Finance, APY.vision, and Staking Rewards.

The Phuture protocol is an asset management engine that provides a multitude of services to indices with the functionality exposed by the protocol: rebalancing, reweighting, and yield optimization.

The platform combines a user-friendly interface with a set of powerful tools. One example is Index Creator, which simplifies index creation by offering customizable parameters such as automatic sector tracking and dynamic weighting methods.

The protocol was designed with scalability to ensure it can support a large number of concurrent indices and aggregates all indices on the platform into a global portfolio and rebalancing towards the target weights for that global portfolio.

The protocol is designed for scalability, allowing a single swap to rebalance multiple indexes simultaneously. The mechanism itself calculates the optimal assets to rebalance and determines the allowable weighting ranges. As a result, the platform supports hundreds of indexes, minimizes value losses during trades, and improves index performance.

In return, rebalancing bands are incorporated for each asset on the platform which creates rebalancing triggers when specific criteria are hit. Rebalancing bands are like Bollinger bands except they are predicated on the historical volatility of a particular asset’s weight. These bands define weight ranges where rebalancing can occur and ranges where rebalancing can’t occur.

In early May 2021, Phuture protocol announces the completion of a private seed round of fundraising. Approximately $1.5 million was raised with support from prominent venture capital firms including Ascensive Assets, NGC Ventures, SevenX, Origin Capital, Waterdrip Capital, Moonrock Capital and D64.

The protocol sources liquidity externally allowing it to connect to the most liquid exchange venues and provides execution when minting relatively low market cap indices and freeing up more yield-bearing capital.