Objective of the DeFi Pulse Index (DPI):
The DeFi Pulse Index is a digital asset index designed to track tokens’ performance within the Decentralized Finance industry. The index is weighted based on the value of each token’s circulating supply.
DPI Rebalance Weights:
In the month of January we have seen the continued growth and adoption of DeFi Pulse Index. AAVE, UNI, MKR, SNX, and LRC have led the pack with gains greater than 200% since December’s rebalance. While KNC has been the worst performer with a measly 165% in price increase. Moreover, DPI has grown its total holders to over 8000 unique holders! (great dune board here DPI Exposure (over time)).
As you can see in the new weights above this rebalance includes the first addition to the DeFi Pulse Index. mStable (token ticker MTA) has met all the criteria to be added based on the Pulse.inc methodology. This is the first addition of what Pulse.inc hopes to be many more in the upcoming rebalances of the DeFi Pulse Index. It is important to note the limiting factor for more additions is time. As part of the Pulse.inc methodology each project or protocol’s token must be in existence for over 180 days. This was to ensure adequate time for projects created during the DeFi Summer and Fall to have meaningful product usage and price discovery. Heading into February, March, and April expect the addition of some of your favorite protocols and projects as the DeFi Pulse Index continues to grow.