After three months of development, we are ready to introduce you to the public beta of Threebalance. It is available on Ethereum, BSC, Arbitrum, Optimism, and Base.
What is Threebalance and the philosophy behind it?
The Threebalance DApp enables you to rebalance your crypto portfolio in three steps. Rebalancing involves buying and selling certain assets to achieve a desired portfolio allocation based on your risk strategy. It is an important part of portfolio management across all of finance.
When setting up a portfolio, investors decide which assets they want to hold and how much of each asset they want to own. This portfolio allocation is typically expressed in terms of percentages. For example, an investor’s desired portfolio may be 50% $BTC and 50% $ETH.
Over time, if one of their assets overperforms relative to the rest of their portfolio, the investor can sell some over-performing assets to rebalance their portfolio back to their desired allocation.
Similarly, the sale proceeds can be used to purchase underperforming assets and further correct their portfolio’s allocation while deploying all of their funds.
This helps prevent over- and under-exposure, effectively “selling high” and “buying low” over time. This portfolio management style is not an innovation but has been used for decades in traditional finance. But how do investors know exactly when to buy or sell?
It’s well-known that timing the market is almost impossible. Even the professionals often fail to time the market, potentially resulting in heavy losses.
Portfolio rebalancing takes the guesswork out of timing the market. It employs a technique that incrementally sells well-performing assets and buys underperforming assets.
Investors who want to hold assets for the long term benefit from this strategy by consistently steering their portfolio toward an ideal asset mix based on their preferences and risk tolerance. Consistent rebalancing keeps a portfolio healthy and diversified in the long term.
Threebalance helps with this strategy enabling crypto investors to rebalance their portfolios directly inside their wallets.
On the tech side, Threebalance uses 1inch to enable swaps for users who complete rebalancing, allowing them to do it at the best rates and with low gas prices. All tokens whitelisted by 1inch can be swapped through Threebalance.
Getting started
Head to https://threebalance.co. Select the network first, then Metamask, and click on Get Started. If you don’t want to connect your wallet to the DApp, you can still view your portfolio and simulate a rebalance via “Read-Only” mode instead.
The process of rebalancing your crypto portfolio starts with checking your current token balances. Select the tokens you want to rebalance and click on Next.
Enter your desired portfolio allocations, expressed as a percentage of your selected portfolio.
Finally, review your new portfolio and execute the necessary transactions.
That’s all; only 3 steps are required to rebalance your portfolio.
Threebalance as an advanced trading tool
Portfolio management tools, such as DeBank, enable you to track your assets and their value. But to manage your risk by selling or buying assets, you need to use other apps, like CEXs/DEXs.
Threebalance brings these ideas together in a single DApp. This means Threebalance can also be used as an advanced trading tool. Here’s how:
- Connect your wallet.
- View your current holdings.
- Choose which assets you want to sell.
- Select the ones you want to buy.
- Enter the desired amounts (as allocations of your portfolio).
- Click “Rebalance” and confirm the transactions in your wallet.
Compared to a traditional DEX, Threebalance saves you time and is less error-prone. You can swap your tokens in a single flow without manually switching between tokens or changing assets for every single swap to check their balances.
Try Threebalance now!
Manage your crypto portfolio like a Pro: set up your ideal allocations, swap multiple tokens in one flow and much more. Check it out!
Early Adopter Perks
All whitelisted users can reach the DApp and enjoy two months of 0% fees on all rebalances. Just connect the same wallet address that you specified in the form. The DApp won’t charge anything; you only need to pay network fees.
It also applies to users who won WL through partnership raffles in Alphabot (WL and AlphaOG roles on Discord). Qoda ambassadors and Qoda Qrew members who provided us with their wallet addresses are whitelisted.
Rebalanced volume (your swaps through the DApp) will be a qualifier for the future $QODA airdrop. We continue working on airdrop terms and tokenomics in general, so details will be published soon.
The rebalanced volume will be tracked in the Qoda Grand Prix approximately in late March-April.
We are glad to see all the enthusiasm for Threebalance among early users, even if your wallet addresses are not whitelisted. The early users of the DApp also have 2 weeks of 0% protocol fees (ends on March 18, 23:59 UTC) and will have exclusive access to the campaigns on Galxe (and other platforms) and will be qualified for the airdrop mentioned above.
None of the above is financial advice. DYOR.
Threebalance and Qoda DAO
Threebalance is built and operated by Qoda Finance, a Web3 software studio that builds financial services and tools that are accessible to everyone.
With the launch of Qoda DAO later this year, $QODA token stakers will be eligible to earn a portion of the fees generated by Threebalance via a revenue share. This is one of the revenue streams of the future DAO. More details to come.
Please, note that the $QODA token is not live yet. Beware of scammers. Follow the official channels, and double-check all the info.
Feedback
Please, share any ideas you have or issues you experienced while using the DApp with us via Telegram (https://t.me/+QV2pb1B8ajZlMTU6) and/or Discord (https://discord.gg/UKTvGRFzCC).
We appreciate all of your support, Qommunity!