Top 10 DeFi tokens tracked by new product
Swiss fund manager Compass Financial Technologies has launched an index for 10 DeFi tokens called the Compass Crypto Basket Fundamental DeFi Index.
CCBFDEFI was launched on Feb. 22 and provides institutional availability for a group of 10 DeFi tokens that are individually weighted based on "liquidity, market capitalization and protocol revenue metrics" and online data.
The maximum weighting for any given token is capped at 35%, and the asset group is selected each month. The firm has listed more than 20 approved tokens that can be used as index components each month, such as UniSwap (UNI), Compound (COMP), Aave (AAVE) and SushiSwap (SUSHI).
"Incorporating fundamentals into index creation gives investors the opportunity to place funds in the best performing DeFi tokens based on sound economic performance."
