Crazy Speculation: Bet on DeFi With One Click

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Decentralized Finance (DeFi) project tokens are popular right now! However, it can be tedious to buy them one by one, or risk betting everything on a single project. To facilitate the task of investors, an index grouping together several major projects in the sector has just been created: the DeFi Pulse Index.

A unique token to bring them all together

Data provider DeFi Pulse and the Set Protocol teams have just announced the creation of an index comprising 10 tokens of promising decentralized finance projects .

Called DeFi Pulse Index (DPI), this index is intended to mirror ETFs in traditional finance. It brings together the following projects:

  • Finance (YFI);
  • Aave (LEND);
  • Compound (COMP);
  • Synthetix Network Token (SNX);
  • Maker (MKR);
  • Ren (REN);
  • Kyber Network (KNC);
  • Loopring (LRC);
  • Balancer (BAL);
  • Augur (REPv2).

defi pulse index - Crazy Speculation: Bet on DeFi With One Click

Acquire 10 DeFi cryptoassets in one transaction

The finding of Set and DeFi Pulse started from the fact that there was no easy and cheap way to acquire all of those DeFi tokens.

Cheap, because with this new index, the transaction costs (in gas on Ethereum) to acquire or transfer these tokens are mathematically divided by 10 .

On the ease side, DeFi Pulse Index diversifies the percentage of different projects automatically – on the first day of each month -, taking into account the total capitalization of each type of token (see the table below for the current distribution).

defi pulse index 2 - Crazy Speculation: Bet on DeFi With One Click
Breakdown of the 10 decentralized finance projects in the DeFi Pulse Index

The index, which takes the form of an ERC20 token from Ethereum, is available on the following platforms: TokenSets, Uniswap, Pillar, Dharma, Monolith, Zapper, Frontier, DeFi Saver.

defi pulse index 3 - Crazy Speculation: Bet on DeFi With One Click
DeFi Pulse Index Price – Source: tokensets.com

Regrouping the indices in a basket of DeFi projects are almost as in demand as the projects in question. It must be said that with the proliferation of decentralized finance tokens, and gas costs still high on Ethereum, these indices are more than welcome!

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