Skip to main content

DEFI Index Details

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 five constituents.

Selection of Constituents#

The current constituents are the following.

#NameProject
1AAVEAAVE
2CAKEPancakeSwap
3LINKChainlink
4LUNATerra
5UNIUniswap

Period Start Details#

For any rebalancing, the values for market cap and price USD of the tokens are observed on Coinmarketcap for convenience. The precisions are 100 million for the market cap and 1 cent for the token price USD respectively, in line with the data on the historical graphs on Coinmarketcap to simplify verification.

As of 2021-09-21 08:00 UTC

TokenMarket CapMarket Cap %Price USDCirculating Supply% * 1 USD# tokens
Aave4,000,000,0009.06%303.7313,169,591.410.09060.000298
Cake4,420,000,00010.02%19.77223,571,067.270.10020.005066
Link10,970,000,00024.86%24.19453,493,179.000.24860.010276
Luna11,640,000,00026.38%29.08400,275,103.160.26380.009070
Uni13,100,000,00029.69%21.41611,863,615.130.29690.013865
DEFI Index44,130,000,000100.00%1.0000

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 time t=tj the start of the series s=j and for price_of_token[t=tk, a=i] at time t=tk during or at the end of the series s=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.