About Threebalance
Project name: Threebalance
One-liner: Rebalance your crypto portfolio in three steps.
Project description
Rebalance your Solana portfolio in three easy steps with Threebalance. Rebalancing involves buying and selling certain assets to achieve a desired portfolio allocation based on your risk strategy. It is an established, useful technique for executing an investment strategy well.
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 is part of the Qoda Ecosystem (https://qoda.fi).
What can users do on Threebalance?
Threebalance is a self-custodial rebalancing tool. This means that our users don’t need to deposit their assets to any smart contracts. All transactions involve funds that you keep in your wallet. All trades on Solana are executed using Jupiter’s router and liquidity sources.
After connecting their wallet (via Phantom) to the Threebalance DApp, you can view your current holdings on Solana expressed as percentages of your total portfolio. Threebalance supports all white-listed tokens that are supported by Jupiter.
To rebalance your portfolio, you first select the tokens you want to rebalance. Next, enter your desired portfolio allocation, expressed as percentages of your holdings. Finally, review the proposed transactions and execute them to complete your rebalance.
That’s it: only 3 steps are required to rebalance your portfolio. It should take less than 2 minutes to complete. Find the detailed guide in our recent blog post.
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How is Threebalance integrated with Jupiter?
Threebalance uses Jupiter to execute the trades required to complete your rebalances.
About Our Team
Steadily Team
Threebalance is built by Steadily, a web3 software studio.
Currently, Steadily has 5 full-time members in the team, including the founder, Dhruv Dang.
Dhruv Dang, Chief Executive Officer
Dhruv is an accomplished technology leader with a strong background in software engineering, institutional finance. He believes that great financial services must be accessible to everyone, regardless of socio-economic status and background. As the founder of Steadily, he is turning this vision into reality, building the next generation of DeFi services. His team designed and built Threebalance (rebalance your on-chain portfolio in three steps) and Qonstant (lend and borrow at fixed rates on Arbitrum).
Prior to founding Steadily, Dhruv founded Real Folk, a web2 consultancy building digital services for the Government of British Columbia. He grew Real Folk to 7-figures in annual revenue with an elite, three-person team, often winning procurements against much larger rivals (e.g. multinational consulting/tech firms). Before Real Folk, he held full-time positions at Apple, Deutsche Bank and Change.org.
Charles Lin, Senior Software Engineer
Charles is a programming enthusiast with a computer science background and over twelve years of experience in the Fin-Tech industry. He has worked on low-touch electronic trading platforms at Credit Suisse (Equity), Macquarie (Equity) and Deutsche Bank (FX & Rates). His achievements include prizes won in prestigious programming competitions, and novel DeFi systems that he has created for Steadily.
Dwayne Crooks, Senior Software Engineer
Dwayne is a versatile software engineer with a penchant for crafting simple, maintainable, and well-tested code. His main interests include functional programming, programming language theory and web development. He’s also well-versed in web3 and full-stack web application development, having held senior positions in the industry for over twelve years. Prior to joining Steadily, Dwayne worked with Dhruv at Real Folk and held a senior engineering position at Springboard Retail.
Nduati Kuria, Software Engineer
Nduati is a full-stack developer with experience in deploying cross-platform mobile applications, websites, and back-ends. He has worked in teams tackling everything from logistics to Fin-Tech. Prior to joining Steadily, Nduati completed his undergraduate degree in Computer Science and Master’s Degree in Artificial Intelligence from Carnegie-Mellon University in Rwanda.
Serhii Krutko, Marketing Manager
Serhii has over twelve years of experience in marketing, alongside content creation and distribution. He has supervised community management and content marketing teams across the Ed-Tech, Entertainment, and DeFi industries, and has built dozens of SEO, creative, email marketing, and SMM campaigns from scratch.
Socials
Dhruv’s X/Twitter: x.com
Official Qoda Finance Telegram Group (Dhruv reads it every day, so treat it as a direct line with the CEO): Telegram: Join Group Chat
Team’s Web3 Experience
The Steadily team is full of veteran software designers, engineers and marketers that bring decades of experience across the web2, TradFi, web3 and DeFi sectors.
In addition to Threebalance, the team built the technology underpinning the Qoda DAO (including the QODA token). The team also built Qonstant, a fixed-rate, orderbook-style loan DEX on Arbitrum (https://qonstant.fi, ~ USD 2.5mn loans settled on-chain).
Vision
Why did we build Threebalance?
We believe in truly democratizing finance — making the best financial services the world has to offer accessible to everyone. Threebalance embodies this belief by enabling anyone to rebalance their on-chain portfolios like billion-dollar fund managers with portfolios as little as one cent.
How does Threebalance change the web3 space?
Threebalance offers the crypto community a new way to reason about their portfolios. Most crypto traders enter and exit positions sporadically. Instead, Threebalance encourages a more thoughtful approach to investing. It requires investors to consider their desired exposure up front.
Once investors know which tokens they want to hold, Threebalance gives them a way to quickly turn this desire into a reality using a simple UI without having to rely on centralized exchanges.
To the investors who already employ portfolio rebalancing, Threebalance eliminates the need for complicated spreadsheets and error-prone trade execution. It takes away the tedium of managing an on-chain portfolio manually, and offers both newbies and veterans a simpler way to get the exposure they want.
What are the upcoming plans for Threebalance?
Launching on Solana is a huge milestone for us. We plan to launch an incentive program for our early users, and announce more partnerships in the near future.
We are also working on something special: true cross-chain rebalancing via bridging. We are working closely with our partners on this, and will announce the details later this year.
About
Threebalance DApp: https://threebalance.co/
Qoda website: https://www.qoda.fi/
Threebalance X: x.com
Ecosystem Discord: Qoda
Telegram chat: Telegram: Join Group Chat
