DeFi Composite Index Futures By Binance

31 thg 8, 2020

The Decentralized Finance (DeFi) sector has grown exponentially in the last few months, with more than $6 billion in assets locked in the DeFi ecosystem.

The DeFi Index Futures is Binance’s first composite index product, allowing you to track and participate in the fast-growing DeFi market.

The index is built using a weighted average methodology, which considers variations reflecting conditions across market capitalization and volume.

What are its constituents?

The index comprises of the following DeFi protocols
Weightage of components as of 26 August 2020:

BAND, Band Protocol - 7.84%

COMP, Compound - 4.03%

KKAVA, Kava.io - 7,22%

KNC, Kyber Network - 6.09%

LLEND, Aave - 11.25%

LINK, Chainlink - 28.42%

MMKR, Maker - 7.76%

SNX, Synthetic Network Token - -8.05%

SXP, Swipe - 9.48%

ZRX, 0x - 9.86%

The initial value of the DeFi index is set to 1000.

Since Q2 2020, the Decentralized Finance (DeFi) sector has been one of the key drivers of growth in the cryptocurrency industry. This interesting and exciting segment of cryptocurrencies aims to make financial services permissionless, decentralized, and peer-to-peer.

Doing your own research and understanding the products you trade is crucial before diving into crypto-derivatives.

More info about this index: binance.com/en/blog/421499824684900908/Riding-The-Trend-With-Binances-DeFi-Composite-Index-Futures

We will continue to talk about DeFi

Best regards EXCAVO