The asset-management specialist Set Labs and the analytics service DeFi Pulse have launched an index of tokens in the decentralized finance sphere.
1/ Today, Set Protocol and @defipulse are extremely excited to announce the launch of the DeFi Pulse Index Set (DPI) on @tokensets!
The DPI is built on Set’s new v2 infrastructure & consists of 10 DeFi tokens available on Ethereum.
Learn more: https://t.co/RbjC9uFIS1 pic.twitter.com/M62jD3hA98
— Set ⚖️ (@SetProtocol) September 14, 2020
The DeFi Pulse Index (DFP) gives users the ability to invest in 10 popular Ethereum tokens — LEND, YFI, COMP, SNX, MKR, REN, KNC, LRC, BAL and REPv2. The DFP eliminates the need to invest in each of these coins separately, paying a transaction fee each time.
“There wasn’t a solution before that allowed users to simply, cheaply and openly acquire a non-derivative DeFi index,” said Felix Feng, head of Set Labs. “It caused stress among users when they tried to decide how to allocate assets in a portfolio. It was hard for them to determine which DeFi projects were of high quality and worth the investment.”
The developers stressed that their index-construction methodology is “thorough and unbiased.” According to them, users can be confident that they are investing in quality products.
The current index value can be viewed on the DeFi Pulse platform.
The index is available for purchase on Set Labs’ TokenSets platform. The new instrument will also soon appear on DeFi services Argent, Zapper and Dharma.
Earlier ForkLog reported that some DeFi project tokens have become popular among whales trading on OTC platforms.
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