This article is pertaining to the Bitcoin Defense (formerly Quant) product which is officially being wound down as of Feb 7th, 2023.
Background:
The Bitcoin Defense was launched in 2019 in partnership with crypto hedge fund Blockforce Capital and has been one of Ember’s most popular portfolios over the years. This decision was made because Ember is currently charting a course in a new direction, focused on earning Bitcoin and thematic index investing.
Next Steps:
The portfolio is currently held in USDC and will remain this way indefinitely. Since Ember is non-custodial, you may keep your funds within the portfolio for as long as you’d like, or you may sell out of the portfolio at any time. The team will automatically be waiving all Ember trade fees for users who sell out of the portfolio. Ember will also automatically cover most Ethereum on-chain mining fees as well.
If you decide to sell out of the Bitcoin Defense and re-invest in our other portfolios, we recommend re-investing on the Hybrid Custody side. Portfolio minimums are only $100 and mining fees are lower on this setting. We’ll gladly waive any Ember buy fees for you, just email us at [email protected] and we’ll ensure it’s taken care of.
How to sell your portfolio & re-invest on the Hybrid Setting:
Open Settings
Tap Sell Crypto
Follow the steps & hit confirm
Wait for your Bitcoin Defense to finish selling and to receive your BTC in your Ember wallet
Open Settings again
Tap Custody
Switch to Hybrid Custody
Then you'll be ready to re-invest! The portfolios listed on this setting offer lower minimums/mining fees
- Your Ember Fund Team