ETF VS PICKING
ETFs are having success in the stock and bond markets.
These are passive funds that track a benchmark index.
For example the Nasdaq, the world of cryptocurrencies instead is more oriented on "Crypto" picking.
That is, the trading of single currencies.
But the first alternatives begin to appear.
DEFI PULSE INDEX
DPI (Defi Pulse Index) is an ERC-20 token that behaves like a DEFI world ETF (ethereum only) is made up of 14 different tokens. All weighted with different percentages, based on their market cap:
UNI 3.433550 24.51%
AAVE 0.217526 17.39%
MKR 0.015700 14.00%
COMP 0.087899 11.31%
SNX 2.641156 8.78%
ADVANTAGES AND DISADVANTAGES
Advantages Disadvantages
Diversification Fee 0.95% annual
Monthly rebalancing Only ethereum
HOW DOES IT WORK
All the assets that serve as collateral to the fund are collected in a smart contract, where not even the development team has access.
Every month there is a periodic rebalancing with the possibility of adding or removing tokens. There is also the INDEX token which acts as a governance token.
WHERE TO BUY
UNISWAP
SUSHISWAP
1INCH
INDEXCOOP.COM (Official site)
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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.
Thanks for reading I look forward to your comments.
