# GFund

GFund is Gemach's managed index fund product, built on the [TokenSets](https://www.tokensets.com/) protocol. It wraps complex multi-asset DeFi strategies into a single ERC-20 token, giving investors diversified on-chain exposure without needing to manage each position individually.

***

## Overview

GFund (ticker: **MACHC**) is a DAO-controlled index fund that provides diversified exposure to new assets, staking positions, leverage, and liquidity pools. A single token purchase gives you broad DeFi exposure that the Gemach DAO actively manages and rebalances.

**Fund address:**

```
0xf73642407B8d471cDbc60a095c9D9B28EfCDd710
```

**Access the fund:** [tokensets.com/#/v2/set/0xf73642407B8d471cDbc60a095c9D9B28EfCDd710](https://www.tokensets.com/#/v2/set/0xf73642407B8d471cDbc60a095c9D9B28EfCDd710)

***

## Key Properties

| Property            | Details                                                                   |
| ------------------- | ------------------------------------------------------------------------- |
| Custody             | 100% self-custodial — you hold MACHC tokens                               |
| Token standard      | ERC-20 — storable and tradeable on any Ethereum-compatible wallet         |
| Redemption          | 24/7 on-chain via DEX or direct TokenSets redemption                      |
| Rebalancing         | Periodic — managed by Gemach DAO based on strategy updates                |
| Underlying platform | [TokenSets](https://www.tokensets.com/) (audited)                         |
| Protocol fee        | 20% of gains retained by Gemach DAO to fund operations                    |
| Fund governance     | DAO-controlled — community can propose new strategies via GMAC governance |

***

## What the Fund Holds

GFund invests in a diversified basket that may include:

* **New and emerging assets** — early-stage tokens with high growth potential
* **Staking positions** — yield-bearing staked assets
* **Leveraged positions** — controlled leverage to amplify exposure to high-conviction plays
* **Liquidity pool tokens** — LP positions earning trading fees and protocol incentives

The exact composition changes as the DAO rebalances. Current holdings are always visible on the TokenSets portal.

***

## How It Works

### Buying

1. Navigate to the [MACHC fund page](https://www.tokensets.com/#/v2/set/0xf73642407B8d471cDbc60a095c9D9B28EfCDd710) on TokenSets
2. Connect your Ethereum wallet
3. Approve your deposit asset (ETH, wBTC, or USDC)
4. Swap your asset for MACHC tokens — the fund automatically handles the underlying allocations

### Earning

Yield accrues within the fund's NAV. As underlying positions generate returns, each MACHC token increases in value. There is nothing to claim or compound manually.

### Selling / Redeeming

Sell MACHC on any compatible DEX, or use the TokenSets redemption interface to redeem for the underlying basket of assets.

***

## Getting Started

### 1. Connect Your Wallet

Open the [TokenSets portal](https://www.tokensets.com/#/v2/set/0xf73642407B8d471cDbc60a095c9D9B28EfCDd710) and connect a Web3 wallet.

### 2. Approve Assets

Approve ETH, wBTC, or USDC for deposit.

### 3. Buy MACHC

Swap your chosen asset for MACHC tokens. The transaction deploys your capital across the fund's current allocations automatically.

### 4. Monitor Performance

Track NAV and composition directly on TokenSets. The DAO will notify the community of significant rebalancing events via governance announcements.

***

## Risks and Disclaimers

> ⚠️ **Warning:** Index funds carry market risk, smart contract risk, and strategy risk. Past performance does not guarantee future results. Only invest capital you can afford to lose.

* **Market risk** — underlying assets can decline in value regardless of fund strategy
* **Smart contract risk** — TokenSets is audited (see [security page](https://www.tokensets.com/#/security)) but no audit eliminates all risk
* **Strategy risk** — DAO-managed rebalancing decisions may not always outperform simpler strategies

***

## Resources

| Link                                                                                        | Description                            |
| ------------------------------------------------------------------------------------------- | -------------------------------------- |
| [MACHC Fund](https://www.tokensets.com/#/v2/set/0xf73642407B8d471cDbc60a095c9D9B28EfCDd710) | Live fund on TokenSets                 |
| [TokenSets](https://www.tokensets.com/)                                                     | Underlying fund infrastructure         |
| [TokenSets Security](https://www.tokensets.com/#/security)                                  | Audit and security information         |
| [GVault](https://docs.gemach.io/gemach-dao/products/gvault)                                 | Gemach's Enzyme vault strategy product |