Understanding Dexponent

Dexponent connects strategy managers with LPs through DTFs: onchain vaults with a defined strategy and a share token.

A manager chooses a supported DTF type and manages its assets within the available controls. An LP selects a DTF, deposits its accepted base asset and receives shares. The value of those shares changes with the DTF's net asset value (NAV), including trading results and costs.

Three ways to participate

Role	What you do
LP	Choose DTFs, deposit assets, monitor your position and request withdrawals.
Manager	Create a DTF, explain its strategy and risks, and manage its basket or trading positions.
Beta participant	Test supported flows and join reward campaigns when the team announces them.

An LP is providing capital to a DTF; this does not necessarily mean providing liquidity to an AMM.

Example

A DTF has 10,000 USDC of net assets and 10,000 shares. Its indicative share value is 1 USDC. If net assets later rise to 11,000 USDC with the same share supply, a share is worth 1.10 USDC before any unaccounted fees. If net assets fall, share value falls too.

New deposits, withdrawals and fee-share issuance change the share supply. Use the latest transaction quote rather than assuming every share is always worth one unit of the base asset.

Read DTF types and how fees affect shares.