Totally - but some of them are a bit of stretch in the first place, would be good to support tokenized projects of blue chip for mainstream adoption, and having two creates great arb options between the blue chip v more diverse indexes
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I’d also like to vote on funneling 10% of FTX profits to multisig holders. It’s only fair
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It can go with the secret bribery payments Sam apparently sends me.
I think they got lost in the mail for the past 6 months though... gutted postal service or some nonsense.
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Hm so I'm actually pretty confused by DPI.
It has YFI, AVE, UNI, SNX, MKR, COMP, REN, LRC, KNC, BAL, and REP.
I don't understand what metric can get to that index. It seems kind of wacky to me!
e.g. how did REP get there but not UMA/ZRX/NXM/SUSHI/BAND?
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Agree its not perfect, but there are pros and cons to the different models.
These are broadly more 'blue chip' projects plus its tokenized which I think is pretty valuable in terms of cross chasm adoption.
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meh agree that it's more blue-chip-y though like I don't think that really applies to REP anymore, or a bunch of their other tokens.
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Agreed, not the index I'd personally create, OTOH, I also have a hard time justifying to more conservative buyers that things like CREAM or TOMO are the right fit in a DeFi index, and want users to have broad access to indexes (since CB & Kraken dropped theirs years ago)
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What do you mean by 'conservative' here?
e.g. REP is down a lot from its glory days, as are LRC, etc.
And in what way is YFI 'conservative'?
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To some extent I'm being difficult here -- I obviously sorta get what you're pointing at.
But I really do think it's very much tied to a specific sub-culture and not even generally true within crypto.
Sure -then the question: is there anything wrong with that?
As FTX, you want to offer customers choice on reasonable enough, performant enough assets that they will actually trade?
It likely meets that bar, even if it may not meet the bar for how Sam would invest in an index?
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yup agreed -- do think we likely want to add another one -- but I also think people are mostly whiffing on how the FTX index works.
The multi-chain thing is real!
But other than that: I think ~92% of the index is what people would describe as coins as blue-chip-y as DPI.
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