Often 'when XXX' is just a meme. But I love seeing them--it lets me gauge interest! In the end we want to list what you want us to list.
So, Crypto Twitter: shill me your requests :)
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ALT index (cap-weighted) token; no leverage. Basically an index fund.
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we have ALT-PERP--is the goal of the token that it can be withdrawn, or that you want to trade it as spot on FTX?
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Token that can withdrawn. Indexing is one of the missing pieces right now, imo. Sure there are some apps for it but they all work via API and not that convenient.
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OOOh I know why don't we list a +1x ETH ERC20 token!
(sorry had too--the idea of a +1x ALT token is totally reasonable)
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Haha fair, right now yes what I suggested would be majorly occupied by ETH.
But my point is over time, if this asset class continues to grow as we expect, that would be very beneficial to have Alt exposure (passively managed). Instead of trying to cherry-pick like many do.
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My recommendation would be ALT index with a much much less frequent rebalance than current ALT Index. Rebalance one a month or once a quarter.
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FWIW ALT only rebalances once per quarter. Are you talking about the ALT +-3x tokens?