Index Futures - DeFi Index

DEFI Index Futures have been discontinued

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.

$Weight = ( Capitalization\ Weight + Liquidity\ Weight)/2$

$Liquidity Weight = (30\ day\ volume\ of\ the\ token)/ (Sum\ of\ the\ 30\ day\ volume\ of\ all\ the\ tokens)$

$Liquidity Weight = (30\ day\ volume\ of\ the\ token)/ (Sum\ of\ the\ 30\ day\ volume\ of\ all\ the\ tokens)$

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. 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. In special situation events like soft/hard fork, where token gets split, token may be excluded based on the capitalization and liquidity ranking.

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%