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.
Conversation
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.
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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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Fair. I'm just very pro-customer choice & tokenization.
While I think Sushi is a sound choice, tougher branding/user education sale for first timers. Getting older parents to invest in that? Tough sell :P
Thnx for a good discussion/debate on it - appreciate your open to it.
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heh yeah and FWIW I think you're basically right that there should be another index. Mostly I'm just a bit salty because I think most people are being pretty lazy when asking for it and not e.g. realizing that SWRV is < 0.1% of the FTX index.
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My observation is you approach FTX products you need, when belonging to an outlier cohort (crypto traders) and being the extreme upper bounds of that (in a positive way)
The needs and desires of the rest of that cohort & what it grows into are different and often less calculated
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And I mean all of this in a positive way - you know I'm pro-FTX, but its early product is a laser focused product for a subset of a subset of users with a very similar approach and mindset.
But, it's a fraction of the market.
The bane of building B2C :P
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heh yeah totally fair
and also FWIW I basically agree we should have another index
I do think, though, that there are countervailing factors to e.g. DEFI-PERP.
a) if we only include a few projects and then the ones we excluded massively outperform, users will be sad
b) each individual project is happier if they're included than if they're not
c) there's a risk in 'playing favorites' here
d) I think the world is going to look on these differently later than they did before
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e.g. already I think we'd be getting hatemail if we didn't put SUSHI in DEFI-PERP :P
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