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?
Conversation
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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YFI doesn't fit.
I mean project conservative.
Can mainstream users wrap their head around REP who is established, has a known team and is held by mainstream investors - yeah.
A food meme token with an unknown team launched this year? No.
(Doesn't mean they are right)
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YFI is not a food coin, but i’d argue it’s even more conservative than the other governance tokens in DPI because it has actual cash flow today vs speculation of maybe someday future cash flow
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(I was referring to the fact that Sushi and Cream are in the FTX DeFi index - hard sell to newer less DeFi exposed users)
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what makes CREAM so much harder to sell than e.g. REN/LRC/KNC/BAL/REP?
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CREAM is easy to sell to people deeply familiar with crypto, memes, tech & finance.
It's an utter WTF in branding, messaging, etc for anyone across the chasm.
The others (ex BAL) are older, larger investor backed, more typical brands.
To 99% of the world that (wrongly) matters
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