> For the complete documentation index, see [llms.txt](https://docs.dexponent.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.dexponent.com/stakeholders-guide/farm-owners-guide.md).

# DTF manager guide

## 1. Start a DTF

Sign in to the [beta app](https://beta1.dexponent.com/), complete email verification and open the manager creation flow.

Choose one of the supported templates:

* **Index:** a basket with target asset weights.
* **Spot:** actively managed spot exposure.
* **Perpetual:** derivatives trading through Hyperliquid.

Availability of assets, markets and actions is limited to those enabled in the beta.

## 2. Complete the configuration

The wizard may still label these steps “Farm Token”, “Farm Economics”, “Farm Asset”, “Farm Config” and “Farm Display”.

1. Enter the DTF name, share-token details and public description requested by the wizard.
2. Select the accepted base asset and supported assets or markets.
3. For Index, define the basket and target weights; weights should total 100%.
4. For Spot, describe your trading approach and configure supported parameters.
5. For Perpetual, complete the supported market and risk configuration.
6. Review economic settings, strategy description and risk disclosures.
7. Save the draft or proceed to review and deployment.

Describe what you will trade, how you size positions and when you expect to rebalance or exit. Do not describe a target return as guaranteed.

A form field or saved draft is not proof that a setting is enforced onchain. Check the final deployed configuration and the published DTF terms before inviting LPs.

## 3. Review and launch

Submit the completed configuration through the app's review/deployment flow. Beta onboarding and deployment remain team-controlled. Track the status and resolve any requested changes.

Before sharing a live DTF, confirm its type, Base contract address, deposit asset, fee configuration and manager controls. Confirm a small deposit and withdrawal flow with the team where onboarding requires it.

There is no mandatory DXP purchase, DXP staking requirement or DXP-paired liquidity pool in this beta launch flow.

## 4. Operate your DTF

| Type      | Manager actions                                                                                                                          |
| --------- | ---------------------------------------------------------------------------------------------------------------------------------------- |
| Index     | Review holdings and target weights, propose supported target changes, activate them after any applicable delay, and execute a rebalance. |
| Spot      | Execute supported trades, adjust exposure and monitor available base-asset liquidity.                                                    |
| Perpetual | Manage supported positions and collateral, monitor margin and funding, and coordinate collateral return for withdrawals.                 |

Review quotes and authorizations before confirming. Track the final transaction or job status, rather than assuming submission means completion.

For Index DTFs, proposing or activating weights does not itself execute the trades. For Perpetual DTFs, collateral moving between Base and the trading venue takes separate steps and may delay withdrawals.

## 5. Track results and fees

Monitor NAV, positions, execution costs and LP liquidity needs. Share clear strategy updates when risk or allocation changes materially.

Performance fees use the DTF's configured high-water-mark accounting and are represented by fee shares. Fee shares are not an immediate USDC payout; realizing their value depends on redemption and liquidity. See [fees and costs](/fees-and-costs.md).

Beta rewards, if offered to managers, follow campaign terms separately from DTF performance fees. See [beta rewards](/beta-rewards.md).