Getting started with CeDeFiHedge
CedefiHedge offers this algorithmic trading strategy and other asset management tools through a centralized organization, while all their projects run on the ERC-20 block-chain.
Table of Contents
· How to Open an Account CedefiHedge.
· How To Verify Your CedefiHedge Account.
· How to Deposit Crypto into your CedefiHedge Account.
· How to select a strategy on CedefiHedge.
· What are staking pools and how to use them.
· How To Withdraw Crypto From CedefiHedge.
What is CedefiHedge?
The growing adoption of crypto technology has led to a plethora of asset management protocols springing up to meet the surge in demand. Asset management protocols are platforms that allow users to take advantage of on-chain trading and smart contracts to offer automated trading strategies to cryptocurrency investors. CedefiHedge is an asset management protocol built on top of the Ethereum blockchain where you can put your capital to work in different strategies based on a transparent track record.
CedefiHedge offers this algorithmic trading strategy and other asset management tools through a centralized organization, while all their projects run on the ERC-20 block-chain. Their model also allows investors to profit from the returns generated on their strategy and the returns generated by the underlying assets which prove to be a guaranteed way to hedge your portfolio against losses, when you invest into your semi-custodial wallet on CedefiHedge the currency is not traded rather it’s held as collateral, while a stable coin equivalent is used to facilitate the on-chain transactions.
Follow the simple instructions below to get started with the strategies on CedefiHedge.
Create an Account on CedefiHedge.
- Get registered: Go to the Cedefihedge Home page and click sign up.
2. You’ll be redirected to the registration page where you’ll need to fill in all the fields (Full Name, Email address, Phone number, Location, profession).
Note: Always use an email address that you know is secure and that you check regularly.
3. Select account type
4. Create a password strong password, read CedefiHedge terms and conditions, and click Sign up.
5. An email with a verification link will be sent to the email address you provided. If you can’t find the email check your spam folder.
6. Click on the link in the email to complete your registration.
7. Congratulations! You’re almost ready to go.
Complete your KYC verification.
Since CedefiHedge is centralized, identity verification is very important. It must meet national and global anti-money laundering (AML) and combating-terrorism-financing (CFT) regulations. It is also required to meet comprehensive KYC requirements. The good news is that the ID verification process enables you to increase your deposit and withdrawal limits. It is a compulsory requirement to start using your accredited investor account, if you’re using a retail investor account then you can invest less than 5,000 USD without verification.
- The verification process is quite easy and straightforward. To complete this verification, simply login to your account, click on “KYC verification required”.
2. Once you click the button you’ll be redirected to the KYC verification page. You’ll also need to fill in your first name, last name, country, state, and street address. To complete the verification you will have to take and upload pictures of your government-issued ID. You can use a passport, or a driver’s license, depending on the country. Once you’ve uploaded your documents click on save changes and your account will now be pending verification.
3. After you’ve clicked on “Save Changes”, you’ll be redirected to the user dashboard. Where you’ll see that your verification request has been successfully submitted and is now waiting for approval.
4. Now, you’ll be able to deposit higher limits and access the strategies on CedefiHedge.
After completing the verification, you’ll be ready to fund your account. This means moving cryptocurrency into it. You can do this by sending cryptocurrency from a crypto wallet or another exchange — like Coinbase — to your CedefiHedge account. Here’s how it works.
How to Deposit Crypto into your CedefiHedge Account.
For this tutorial, I will use Coinbase as an example of one way that you can fund your CedefiHedge account. A similar process will apply to almost any other exchange you are sending the funds from. I will use Ethereum (ETH) as an example of a cryptocurrency you can use to fund your CedefiHedge account.
- Go to Coinbase: Login to your Coinbase account and click on Accounts. Next, click on Send where it says ETH Wallet.
You’ll be asked to enter a Recipient. This is where the Ethereum will be sent. You’re sending it to CedefiHedge, so you need to get an Ethereum address from your CedefiHedge account.
2. Log in to your CedefiHedge account. On the taskbar, click on Deposit then Deposit funds.
3. Now, enter the cryptocurrency you need an address for. In this example, I’m using Ethereum. CedefiHedge will create an Ethereum address for you to send funds to.
Note: CedefiHedge currently supports deposits for 15+ cryptocurrencies
4. Enter the USD equivalent of the amount you want to deposit and click ‘Deposit”.
Note: Minimum deposit for CedefiHedge is $1,000 for retail accounts and $50,000 for accredited accounts
5. You will be redirected to a page displaying The ETH Deposit Address where you will be sending your Ethereum funds so copy and paste it into the Recipient box in your Coinbase account. (You can also scan the QR code to finalize the deposit.)
6. Copy and paste the ETH deposit address into the Recipient box in your Coinbase account. Send Ethereum equivalent to the amount (plus fees) you want to send to your CedefiHedge account and click Send.
7. Now you need to get the TXID for the transaction and upload it on CedefiHedge to complete the deposit. Click “View transactions” to view the transaction ID for your transaction.
8. Copy the transaction ID string.
9. Paste the transaction ID and click submit, The funds will appear in your CedefiHedge account as soon as they are processed by the Ethereum network.
Once your deposit has been confirmed and your funds are available on your CedefiHedge account you can start using the strategies that are available to you. I will work you through how to select your first strategy on CedefiHedge.
Selecting a strategy on CedefiHedge.
A major draw for CedefiHedge users is the features with which you can use to evaluate a strategy and select one that’ll work best for them. CedefiHedge offers different types of tools to help investors make the best choice when selecting a strategy.
CedefiHedge recommends the use of the feature for newbies, these features include a track record, risk factor, a performance chart, strategy description and illustration, lifetime returns, trades carried out by the strategy, amount currently managed and investors in the pool, and average daily performance.
I will show you how to select and start using your first strategy on CedefiHedge.
- Login to your account, you’ll be redirected to a user dashboard, Click on pools and select all pools.
2. You will be redirected to the strategy page where you can see all the strategies offered by CedefiHedge, select view more on any strategy to see more information about the strategy.
3. Once the pool loads you’ll see all information about the pool. You can scroll lower to see more information about the pool.
You can see the pool manager, lifetime return on the strategy, Performance, risk factor, accounts that can use the strategy, a performance chart, strategy description and illustration, Management fee, Portfolio breakdown, and trade history for the strategy. I will explain how these features so investors can understand them better and use them when selecting a strategy.
Pool Manager: A pool manager is a person or company that manages investments on behalf of investors.
Performance: The average daily performance of a trading strategy is found out by calculating the percentage of winning trades against losing trades on any day. This information can be used by an investor to know how much a strategy could potentially yield.
Lifetime returns: Lifetime returns are the percentage return earned by the strategy since its creation.
Account type: This indicates the type of investor account the pool allows.
Performance charts: This is a chart illustrating the performance of the strategy over a period of time.
Strategy Description and Illustration: This is a detailed description and illustration of how the strategy works. You can read the description to understand the mechanics behind a strategy.
Management fee: This is the fee charged by the pool manager on the profits generated by the strategy.
Portfolios: This is a breakdown of digital assets that make up the strategy.
Trade history: A history of the trades carried out by the strategy.
Once you’ve gone over the information of a pool and you’d like to invest in it you can click the “Invest” option near the top of the pool and input the amount you’d like to invest.
Your invested funds will fluctuate based on the return rate of the pool. To monitor your investments, visit the Investment tab.
CedefiHedge Fees
The Management fees for using the strategies on CedefiHedge vary depending on the pool, you can see how much a pool charges for management. CedefiHedge doesn’t charge any additional management fee and you’re only charged a percentage of the profits made from the strategy(Management Fee). Make sure you check the management fee a pool charges before investing in it.
Note: In the case of a loss on the strategies, the management fees are waived and you can exit the pool and withdraw your crypto without paying any additional fees.
What is staking pools and how to use them.
Staking pools allow cryptocurrency investors to combine their resources(stake) to validate blocks and earn rewards in form of cryptocurrencies. Investors can generate a good amount of passive income by participating in staking. It is beneficial because some cryptocurrencies offer users a higher rate of interest for staking.
CedefiHedge allows investors to stake their coins in farms and earn an APR depending on the performance of the pools over time, you can see the percentage APR made by a pool before staking your coins in it. The higher the APR the more rewards you can earn.
Staking on CedefiHedge is available to all types of investors on CedefiHedge and you can access the farms from the Cedefihedge homepage or user Dashboard.
Staking provides a way for cryptocurrency investors to earn money simply by staking their cryptocurrencies.
How Safe Is CedefiHedge?
Funds and Cryptocurrencies are held in an account under the client’s name at a third-party custodian. Cedefihedge and its representatives have no access to client funds other than to enter transactions or transfer funds to the clients’ own accounts. At no point does Cedefihedge have custody of client funds.
The semi-custodial wallet on CedefiHedge is unique for each user and users are advised to secure their login credentials as well as use a secure email when signing up to secure their account.
How To Withdraw Crypto From CedefiHedge.
You can withdraw your crypto from CedefiHedge by following this simple steps.
- Log into your account and click on withdraw.
2. Select the coin you want to withdraw.
3. Enter the address you want to withdraw to and the amount.
4. Check the address properly to make sure it’s corrct so you don’t loose your funds, if everythhing checks out click withdraw.
5. Your transaction will processed and the crypto will be deposited to the address you provided once it’s processed by the Ethreum network.
Why CedefiHedge?
CedefiHedge makes asset management on the Blockchain easier and more accessible to investors by simplifying the complexities of on-chain algorithmic trading strategies and staking pools and making it accessible to all types of investors.
CedefiHedge also uses a model that allows investors to also profit on the returns generated by the underlying cryptocurrency by using a 1 BTC = 1 BTC model which allows investors to profit from the returns generated by the strategies and staking pools as well as the returns generated by the rise in the price of the underlying cryptocurrency.
You can start using CedefiHedge today and make investing in the crypto market easier and more profitable.
