Reserve Protocol will help launch DTFs with the intention of finding product-market fit across crypto.

Reserve Protocol will help launch DTFs with the intention of finding product-market fit across crypto.

The news was announced on Sunday, January 1,  by co-founder Nevin Freeman, following a "100 followers strategy." 
"When you build something for yourself, you know what you want, and when you build for your friends and teammates, you can talk to them constantly for feedback to hone the product for them. 
"This past week, I made the call to fully focus on creating DTFs that the top 100 most involved people in the Reserve ecosystem personally want to buy and hold.

"Until now, we took the approach of supporting others who build on Reserve and not creating DTFs ourselves. That’s changing. I now regard it as a mistake not to directly create, because it leaves it to chance whether the products launched are the right ones.

"We must take this into our own hands and hone our product offering until it’s drawing significant organic demand and growth. 

"We’ve also concluded by doing customer interviews with team members, UGLYCASH users, and other friends and family, that there’s a good amount of overlap between what we want and what many others out there will want."

He added: "We still want Reserve to be an open platform, but we need to get the flywheel going ourselves."

The top 100 people include teams from ABC Labs, Confusion Capital, and UGLYCASH, as well as the new Rangers DRF group. If you would like to join and be involved in this process, you are invited to do so through Reserve Protocol's official Telegram channel.

DTFs that start to see traction in those external venues will be prioritized for listings and integrations with exchanges and fintech platforms.

Reserve has also launched new tools to backtest DTFs / crypto ETFs to "let us quickly and cheaply create and test a large number of ideas in our core community, de-risk them in easy-to-access distribution channels we control, and then only spend big on the ones we have reason to believe are destined for high growth."

The plans were announced to Reserve team leads last Tuesday, and with the full ABC and Confusion Capital teams on Wednesday.

Over the next few weeks, the product and engineering team at ABC will make changes to clear the way to prepare dozens of DTFs, which will likely remain unlisted while they are in testing.

Nevin added: "We also have some work going on in the background to prepare for adding tokenized stocks and ETFs to the available universe of assets within DTFs.

"I’m on a plane to Washington DC at the moment to meet with Commissioner Hester Peirce and the Crypto Task Force, as well as with some other departments within the SEC, as we continue moving the ball forward there. More on that soon."