Idea for a horizontal product that leverages Drift and maybe jupiter for its utility. this idea is available on other chains but on Solana there is only 1 "decent" available. so the ecosystem could really use something like this: ON-chain asset management platform (token baskets). Any person can come and open an index or managed fund that has a pool of tokens that they put inside. the protocol/contract auto rebalances itself according to the portfolio strategy and % allocation desired for each token in the basket. This could also be used to power liquidity inside the aggregator as funds can have the option to opt in for liquidity providing. Fund managers can also earn fees from people who want to enter the LP (in/out fee) with their own funds. Also from fees from trading using the funds inside.. DRIFT can earn fees as well on all funds ins/outs and trading fees. Example of this on Solana: https://www.symmetry.fi/ Examples on ETH: https://enzyme.finance/ https://www.tokensets.com/#/ https://indexcoop.com/ Total TVL on ETH: 300M+ Total TVL on Solana: 2M+ Market is open for taking. this can easily be added to your products. We could add graphs and pies to show allocation and portfolio value/performance over time. This could also be looked at as a social platform. everyone can see who performs the best copy/or join their funds. This could also use the lending platform to allow lend/borrow, liquidity strategies or other defi integrations within the fund itself. Another example - Lets say I own 4 tokens: Jitosol - 60% Drift - 30% Pyth - 5% Bonk - 5% I want the portfolio to rebalance itself automatically so The % can stay the same unless I want them to change. In which case it would swap according to my input changes. Or I want the crypto assets to be liquidated if reached to a certain price and/or threshhold. I want my pool to be showcased to others so they can join with their own funds I can (through the platform) earn LP on all 4 for providing liquidity and for people entering the fund. This helps me check and see clearly if im consistent with my DeFi strategy and overall crypto asset goals. Indexing and basketing could have a much lower barrier of entry to average and I would argue most crypto traders/investors/degens Just think of the volume increase you would see from something like this. Auto rebalancing could be incredible for the protocol It would check according to parameters set by the fund manager/user. For example every hour it would rebalance. So even if in my example Jitosol would go down to 59% and DRIFT would increase to 31%, A swap would occur Thank you, would love some feedback
