The configuration above is all it takes to capture all loans and to be ready with the setup.
You can read more detailed description in their announcement blog post. I am eager to dig deeper and find out something I was curious about.
Namely, in terms for Envestio autoinvest tool to understand how does it work.
Findings in terms for Envestio autoinvest
Considering that the demand massively exceeds the supply, there is one question. How to create an autoinvest policy which is as fair as possible?
You can find the terms in this link.
They are not that long to go through and after re-reading point 12 more than 3 times – the policy became more clear. I will explain later.
When a new application is added in the portal, the Autoinvest application shall create a list of the Autoinvest rules created by Users, who use the Autoinvest application.
The Autoinvest rules shall be ranked in the list according to the most recent transaction made by the Autoinvest application so that the highest rank shall be assigned to Autoinvest rules of Users, through which the funds were used to make a transaction the longest time ago. If the funds of a User have not been invested via the Autoinvest application, the ranking of the User in the list shall be determined by the time of activation of the Autoinvest application.
On the basis of a corresponding list to be generated each time a new, the system shall decide whose funds can be raised upon making an investment, and to what extent. Maintenance of the list by the application shall ensure equal treatment of Users upon using the funds granted by them for investment.Point 12 in terms for Envestio autoinvest tool
Second which I also found important is no. 15.
Autoinvest submits an automatic declaration of intention immediately before the Users are given the opportunity to manually submit a declaration of intention on the Platform in relation to the corresponding investment opportunity.Point 15 in terms for Envestio autoinvest tool
What does it mean?
Firstly, set up the autoinvest rule as soon as possible. Because this will be the decisive factor for who gets to invest in the next project. I.e. no rules have been made before and the sooner you create one, the more chances you have to participate in the next published project.
If the funds of a User have not been invested via the Autoinvest application, the ranking of the User in the list shall be determined by the time of activation of the Autoinvest application.Sentence taken from the point 12.
The rule 15 supports this by saying that autoinvest will trigger before investors can invest manually.
Autoinvest … immediately before the Users …Quote from the point 15.
Secondly, queue for investing with Envestio autoinvest could be rephrased to the following.
If your rule got a chance to invest, your rule moves to the end of the queue of all rules. When the next project is published your rule is at the end of the queue and need to wait until other rules had a chance to invest.
The Autoinvest rules shall be ranked in the list according to the most recent transaction made by the Autoinvest application so that the highest rank shall be assigned to Autoinvest rules of Users, through which the funds were used to make a transaction the longest time ago.Sentence form the point 12.
Setup as soon as possible if you want to maximize your chances to participate in the next published project.
To promote fairness Envestio introduced autoinvest rule queue policy where “first to invest now will be the last for the next project”.
Lastly, the new autoinvest tool will invest before users can do it manually.
Thank you for staying tuned. I am really eager to see how it all work in practice. I am sure there will come up some corner cases.
Let me know what are your thoughts, maybe I missed or misunderstood something? Always welcome to leave a comment.