Index Futures - DeFi Index

Introduction

DEFI Index is composed of the top ten DeFi tokens listed on Delta Exchange. DeFi Index tracks market performance of a basket of DeFi tokens. Index price is calculated using weighted average real time prices of component tokens on Delta Exchange. It is quoted in USDT.

Components

Chainlink (LINK) , Aave (AAVE), Yearn.finance protocol (YFI) , Uniswap protocol token (UNI) , Ren (REN), Kyber network token (KNC), Balancer token (BAL), Band protocol (BAND) , Synthetix network token (SNX ), Compound (COMP)

Index Specification

Term
Value
Index Symbol
DEFIUSDT
Index Name
DeFi Index
Quote Currency
USDT
Start Date
Base Value
100
Universe
DeFi Coins listed on Delta Exchange
Rebalancing Frequency
Monthly

Construction Methodology

DeFi Index is made of 10 components. These components are rebalanced at the end of every month. Weights of components depend on the market cap and 30 day volume of the respective components.
Weight of each token in the index is the average of capitalization and liquidity weight. Market cap weight is calculated as percentage share of the market cap of a taken compared to the market cap of index. Similarly, volume weight is also the percentage share of the volume of a taken compared to the total volume of all tokens in the index.
Weight=(Capitalization Weight+Liquidity Weight)/2Weight = ( Capitalization\ Weight + Liquidity\ Weight)/2
LiquidityWeight=(30 day volume of the token)/(Sum of the 30 day volume of all the tokens)Liquidity Weight = (30\ day\ volume\ of\ the\ token)/ (Sum\ of\ the\ 30\ day\ volume\ of\ all\ the\ tokens)
LiquidityWeight=(30 day volume of the token)/(Sum of the 30 day volume of all the tokens)Liquidity Weight = (30\ day\ volume\ of\ the\ token)/ (Sum\ of\ the\ 30\ day\ volume\ of\ all\ the\ tokens)
If the capitalization or liquidity weight is greater than 30%, the weight is limited to 30%. Therefore, none of the component tokens can get weight greater than 30%.

Rebalancing

Index is rebalanced at the end of every month. During rebalancing, new components can be added or existing components can be excluded according to the following criteria:
  1. 1.
    If a new DeFi token listed on Delta exchange gets higher ranking based on the capitalization and liquidity, it will be added to the index. Top 10 tokens in the rankings will be part of the index.
  2. 2.
    In special situation events like soft/hard fork, where token gets split, token may be excluded based on the capitalization and liquidity ranking.
  3. 3.
    In case any component token ceases to trade on Delta Exchange, it will be excluded from the DEFI Index.

Current Weights

Coin
Mkt Cap (M USD)
Volume (M 30D)
Cap Wt
Liquidity Wt
Adj Cap Wt
Adj Liquidity Wt
Index Wt
LINK
5135
46383
59%
50%
30%
30%
30.00%
AAVE
717
14184
8%
15%
14%
18%
16.01%
UNI
677
13616
8%
15%
13%
17%
15.26%
YFI
558
14401
6%
16%
11%
18%
14.59%
COMP
442
3547
5%
4%
9%
5%
6.58%
SNX
486
2551
6%
3%
10%
3%
6.37%
REN
301
1483
3%
2%
6%
2%
3.89%
BAND
126
2852
1%
3%
2%
4%
3.04%
KNC
185
1226
2%
1%
4%
2%
2.59%
BAL
85
1314
1%
1%
2%
2%
1.67%
Last modified 2mo ago