What is the Exchange?
Exchange functions as a simple conversion mechanism that allows you to convert your USDC holdings
into
baskets of other resources. You can hold your currency in the form of gold, silver, US dollar,
BTC, ETH and
other 60+ assets. This strategy serves as a hedge against runaway inflation as you have assets
that are not
valued in USD in your portfolio to offset changes. Essentially, you create baskets of Resources
instead of
baskets of just ‘money’.
What is Trade Wallet?
Trade is your opportunity to apply third party applications, systems, and concepts to participate
in the
large-scale markets to exponentially increase your holdings. This type of trading comes with its
set of
risks, and each trading application lists its parameters so you can determine which strategy is
suitable for
you. In the background, multiple exchanges and liquidity providers are anonymously engaged so
you do not
need to maintain multiple accounts on various exchanges.
What is Yield Wallet?
Yield Wallet allows you to plan longer term and protect your true capital value. This wallet type
interacts
with the Liquidity Pools that place capital in real world assets and resources that have a
cashflow or
revenue mechanism to them. This means as inflation or cost of living increases, the yield
increases
accordingly and protects you against it.
DART Fees
Since DART functions like a DAO,
there is no central ‘company’ that charges fees. DART is designed to be
largely free and open, and all fees in the platform are a function of the underlying service
providers,
exchanges, and incidentals. Listed below are all the fees that you may incur with DART:
- Banking/transfer fees – when you deposit or withdraw capital to and from DART, you may incur
conversion,
deposit, bank wire, or blockchain transfer fees. These fees typically normalize at 5% or
less depending
on the transfer method being deployed.
- Conversion/exchange fees – these are fees charged by the underlying liquidity provider when
you convert
from one asset type (for example BTC) to another tyle (such as Gold). These fees vary
greatly depending
on the type of asset conversion and the underlying provider but typically normalize at 2% or
less.
- Trade Scripts – different trade scripts have their own costs of execution. These fees are
charged
directly by the developers of the third-party applications and are not controlled or managed
by DART
The DART Trading Layer Program (DTLP) has been designed to serve as a third party, trustless
layer that
protects both Trade Service providers (such as Trading Bots, Scripts, and Copy-Trading experts)
and Wallet
holders or users that avail these services. Such services are available in traditional Fiat
markets through
combinations of custodians, brokerages, and regulated asset managers. DART creates the same
structure on the
BlockChain using trustless layers for digital assets and entities that handle the same
functions. The DTLP
service was established in mid-2021 amid the boom in cryptocurrency markets to solve the issue
of trustless
trading across multiple exchanges without creating a technical challenge for the average user.
To maintain the neutrality, DART never promotes or advertises any TSP, nor lists active TSPs on
the
platform.
There are 3 distinct risks that must be mitigated especially in the cryptocurrency trading
industry. DART
serves as an independent verification and trade execution channel like how Google and Apple
monitor
applications on their network or how FINRA applies standards to its participants. Proposals at
the SEC and
CFTC seek to install safeguards like the ones proposed below and are often applied by
Administrators and
Custodians in fund management.
- Verifiable history – Every TSP onboarded with DART must submit auditable data (minimum 90
days) and then
further go through a testing period of either 30 days or 100 trades. This testing period
entails the
trades being executed on a trading and exchange account monitored and controlled by DART to
verify the
performance advertised.
- Capital Isolation – A TSP never has direct or indirect control or access to any digital
assets
transferred by the user.
- Third party reporting – The user must be able to view all performance on a consistent basis
across
multiple trading end points in an easily consumable and verifiable reporting system.
-
Flexibility – Users can connect their own individual brokerage or exchange accounts OR can
just connect
into the DART ecosystem and seamlessly access liquidity and trading across many exchanges in
the
background.
Note that there are always risks associated with any trading including but not limited to price
events,
technical failures, liquidity failures, and market-wide failures. Be mindful and do not add more
capital to
trading than you can afford to lose, regardless of the performance history or forecasting
presented by a
TSP.
Similarly, there are certain benefits available to the Trade Service providers:
- Verified third party data – TSPs can share their performance as vetted, and third party
approved.
- Ease of Adoption – Users can connect with your bots/scripts with a single click without any
technical
set up across many jurisdictions and exchanges.
- Trade-Theft protection – DART does not furnish real-time trades and instead publishes
Verified 24-hour
report snapshots. This prevents replication or ‘copying’ of trades by unauthorized parties.
-
Sophisticated API integration – TSPs can use the DART API to easily receive performance,
earnings, and
usage reports.
To maintain its third-party status, DART does not manage or hold capital and simply serves as the
API layer
that reports the balances and performances. Payments and exchange services are provided by MSB
and FINRA
license holders in the US and CASP or Custodial license holders in non-US jurisdictions.
To participate in DLTP as a Trade Service Provider, you must be onboarded with the Dart Labs
program here.
- Verified third party data – TSPs can share their performance as vetted, and third party
approved.
- Ease of Adoption – Users can connect with your bots/scripts with a single click without any
technical
set up across many jurisdictions and exchanges.
- Trade-Theft protection – DART does not furnish real-time trades and instead publishes
Verified 24-hour
report snapshots. This prevents replication or ‘copying’ of trades by unauthorized parties.
-
Sophisticated API integration – TSPs can use the DART API to easily receive performance,
earnings, and
usage reports.
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