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Set Protocol and DeFi Pulse partner to release DeFi Pulse Index – DFP on TokenSets

Users can purchase DFP which comprises the top 10 ERC20 tokens including LEND, YFI, COMP, SNX, MKR, REN, KNC, LRC, BAL and REPv2 on TokenSets and other platforms.<br><br>

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Set Protocol and DeFi Pulse partner to release DeFi Pulse Index – DFP on TokenSets

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  1. Set Protocol and DeFi Pulse partner to release DeFi Pulse Index – DFP on TokenSets Users can purchase DFP which comprises the top 10 ERC20 tokens including LEND, YFI, COMP, SNX, MKR, REN, KNC, LRC, BAL and REPv2 on TokenSets and other platforms. TokenSets, a Set Protocol asset management platform partners with DeFi Pulse, the industry’s leading tracker to release DeFi Pulse Index – DFP. In a recent ​announcement​, Set Protocol unveils DeFi Pulse Index (DFP) which was released on its latest ​Set v2 released a couple of weeks back. Users can purchase DFP which comprises the top 10 ERC20 tokens through TokenSets made possible through Pillar, Zapper, Dharma etc. The assets supported are LEND, YFI, COMP, SNX, MKR, REN, KNC, LRC, BAL and REPv2. The Need + Opportunity = DeFi Pulse Index As the DeFi industry continues to see exponential growth in 2020, users have continued to demonstrate an increasing interest in investing in the

  2. sector even when it looks like they are throwing caution to the winds by investing in unaudited projects. Also, those who specifically seek to acquire an index of the top DeFi tokens on Ethereum find it difficult. DeFi Pulse which has morphed into one of the industry’s leading DeFi project tracker. At present, it registers at least 650,000 website visits. This traffic represents an opportunity, therefore it has partnered with Set Protocol to offer Index to its community. What benefits do DFP purchasers get? Firstly, DFP is easy, thereby improving user experience in acquiring or gaining exposure to DeFi tokens. Instead of having to acquire top DeFi tokens singly on exchanges and incurring fees whether withdrawal or gas fees, DFP affords the user an all-in-one package which rebalances monthly. TokenSets will only add DeFi assets into the DFP only if it meets these criteria. The idea of the DeFi Pulse Index is for it to keep contributing to the current industry growth. Because composability is key to this growth, it’s pertinent that the DeFi tokens making up the DFP are ERC20 tokens. Hence TokenSets implements them into the DeFi ecosystem through hedging, for using it as collateral on platforms such as Aave or Compound, and can be used within yield farming as a staking asset. The list of requirements continues in the announcement. TokenSets arrive at DFP tokens market cap multiplying their prices with their circulating supply. Its relative circulating market cap then weights each position to other positions in the Index. Read More: https://cryptodose.co/set-protocol-and-defi-pulse-partner-to-release-d efi-pulse-index-dfp-on-tokensets/

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