DEXTF is an asset management protocol that empowers anyone to mint, trade, redeem and provide liquidity on non-custodial oracle-less tokenized portfolios (XTFs).

The DEXTF token is an ERC20 token built on the Ethereum blockchain designed to be used as a governance and incentive mechanism for usage, upgrades and potential changes to the protocol.

The DEXTF protocol can be upgraded and configured by DEXTF token holders and their delegates. All potential changes to the protocol, including the adjustment of system parameters like management fee factors or interest rate algorithms, must pass through a proposal and voting process as specified in the governance smart contracts.

DEXTF is a token that corresponds 1–1 with voting power in DEXTF governance. Holders of DEXTF tokens in their Ethereum wallets may delegate their voting rights either to themselves or to any other Ethereum addresses. The recipients of delegated voting rights, known as delegates, whether they be the DEXTF holders themselves or another address, may propose, vote on, and execute proposals to modify the protocol.

DEXTF token holders and portfolio managers will accrue the majority of the platform fees, on top of the performance fees and liquidity mining incentives.