July rebalance DeFi Pulse Index

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 market capitalization. Please see Pulse.inc for more details on methodology.

DPI Rebalance Weights:
Screen Shot 2021-07-27 at 8.25.08 PM

Rebalance summary:

The above weights were set based on circulating supply as of 7-23-2021.

Within this sideways market we see no major change in DPI allocations

Additionally, the DeFi Pulse index (DPI) is having BADGER added with an allocation of 0.43%

DPI now represents 15 of DeFi’s top assets!


Personally, as both a DPI and Badger holder I’m happy to see this great project added to the Index. However, I am curious, in general, on the stance of adding project tokens that have staking rewards like Badger. The index methodology says that tokens should not disadvantage passive holders but BadgerDAO is issuing new Badger tokens to reward more ‘active’ Badger holders that stake their tokens.

This is obviously true of other tokens in the Index as well like Sushi, Cream, Aave, etc. Some kind of staking rewards seem to be becoming the rule rather than the exception as with more of the ‘OG’ projects like Maker and Uniswap.