DEFI Index Details
The indices are no longer active.
The DEFI Index aims to reflect the performance of a representative selection of tokens in the decentralised finance space.
It follows the methodology outlined in the Index Overview.
Index Constituents#
Number of Constituents#
The Index is currently set up to contain four constituents.
Selection of Constituents#
The current constituents are the following.
| # | Name | Project |
|---|---|---|
| 1 | AAVE | AAVE |
| 2 | CAKE | PancakeSwap |
| 3 | LINK | Chainlink |
| 4 | UNI | Uniswap |
Period Performance#
- To have reasonably liquid price observation sources for the index performance, the price of the tokens is observed against Tether (USDT) on the following 3 exchanges: Binance, Gate.io and KuCoin.
- on the 3 token vs. USDT prices the median is taken.
- At the same time the USDT vs. USD price is also observed on the Binance US, Bitfinex and Coinbase, and again the median is taken.
- Finally, for each token the price vs. USD is calculated, by using the two median prices.
- These values enter the performance formula in Index Value on any Date for the
price_of_token[t=tj, a=i]at timet=tjthe start of the seriess=jand forprice_of_token[t=tk, a=i]at timet=tkduring or at the end of the seriess=j.
Change of Constituents and/or Number of Constituents#
The youves governance process can alter the index composition and the index methodology. Constituents can be added, removed or replaced and details of the calculations may be altered if necessary.