We are excited to announce that Wido is partnering with Phuture Finance.
Phuture is a crypto index platform that simplifies investing in crypto. Today, Phuture launched its first index, titled Phuture DeFi Index (PDI), on the Ethereum blockchain. PDI makes it easy to invest in blue-chip DeFi protocols.
PDI initially invests in seven assets, with the largest allocations — about 30% each — going to Uniswap (UNI) and Aave (AAVE), followed by Lido DAO Token (LDO) and Compound (COMP). Other assets include Yearn.finance (YFI), SushiSwap (SUSHI) and Alchemix (ALCX).
There are two ways to obtain the PDI index token – you can mint it on the Phuture app or buy it via Bancor pools.
According to Phuture’s docs, minting is more expensive on gas but provides a better conversion rate. Wido solves the expensive-gas problem by lowering the minting transaction cost (Ethereum network fee) by up to 90%.
Wido lets Phuture users mint the PDI index and save up to 90% in gas on Ethereum by batching their transactions with others and splitting the gas network fee. Learn more about how Wido Batching works here.
Wido Batching is accessible via Phuture’s index minting page here or directly via https://app.joinwido.com/phuture.
Navigate to https://app.joinwido.com/phuture.
Select a deposit amount (in USDC) and join a minting batch by signing your mint transaction. Optionally, leave an email to get notified when the batch executes.
Wait for others to join the batch.
After more people join, Wido executes the batch mint as a single transaction and splits the gas (Ethereum network fee). Individuals can save up to 90% on gas this way. Learn more about how Wido Batching works here.
Are you a protocol, and do you want to integrate Wido Batching Infrastructure to save gas for your users? Please reach out!