Launched in September 2020, the DeFi Pulse Index consists of the 10 most popular DeFi tokens available on Ethereum: LEND, YFI, COMP, SNX, MKR, REN, KNC, LRC, BAL and REPv2. DPI selects its tokens based on the market value of a DeFi project and reweights its index on the first day of each month. Detailed information about what is DeFi Pulse Index coin (DPI), how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about Syntropy coin (NOIA).
What is DeFi Pulse Index coin (DPI) and how does it work?
DeFi Pulse Index lets you buy a token for exposure to the largest tokens in decentralized finance. There are several DeFi index fund providers, but in general they all work like this: a DAO/ algorithm/ company; It takes a bunch of tokens from the world of programmable finance, combines them in a pot, then sells the shares in that pot through a single index token.
The value of the index token reflects the average price of the tokens in the pot, so buying the index token is comparable to investing in the entire DeFi market. The most popular is the DeFi Pulse Index (DPI), which gives you exposure to a basket of the best DeFi tokens through a single token.
DPI selects its tokens based on the market value of a DeFi project and reweights its index on the first day of each month. The token can be used for market hedge or used as collateral in lending platforms like Aave or Compound or yield farming protocols.
Where to buy DeFi Pulse Index coin? How much is the DPI coin price?
DeFi Pulse Index is one of the mainstream crypto exchanges and can be purchased from decentralized markets. However, it is necessary to make sure that the exchange to be traded is “reliable”. As of November 4, 2021, the price of 1 DPI coin is around $387.95. (Price may change instantly.)
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
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