To expand on this: what if DeFi booms on other chains but dies down a little on ETH.
Should DEFI-PERP go up or down?
If up, then the index has to include SOL, SRM, DOT, AVAX, TOMO, etc.
If down, then maybe it shouldn't.
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Imo, you have added too much new stuff and indirect defis. it can go down because of this.
Why ava and dot is part of defi, idk by the way.
Personally i dont accept the coins not certified by coingecko as defi.
coingecko.com/en/defi
it looks like this new defi is your picks.
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The kind of defi rush we saw on eth will be difficult to replicate ...lower interest rates now wont attract people while hundreds on rugpulls have already scared ppl away..its like icos are now thing of past now.but yes good products with balanced risk and rates will surely work
My take is you shouldn’t include layer1 in DeFi.
An Avax or DOT or Tomo or SOL are not Finance specific chains.
DeFi index should be limited apps that are specific to Finance irrespective of chains(e.g. SRM is ok but not SOL)
Middleware like Link should also be not included.
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Sir, i am humble farmer just tending to my crops & art, but cannot help feel infinitely confused by you mentioning SOL, SRM, & AVAX as though they are different. They aren't all the same?
A good index is a survival of the fittest. Eliminate the weak, keep the strong, no matter on what chains. As the tokenomics of a token may twist its market cap, other metrics like DAU should be added. As Defi grows, index should go up. Funds will follow.
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