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CVP is one such coin. It's governance token of powerpool. It has indices such as YLA,PIPT and recently launched xCVP. YLA - Yearn lazy Ape, an index portfolio of powerpool, is a stable coins based project that returns APY in stablecoins with earning upto 12% APY in stablecoins with extra 28% in crypto.
I was expecting to see a category on index tokens that are available in the market, like DPI, ASSY, PIPT, Metaverse index, etc., nevertheless, it's a good read for anyone to get acquitted with the various activities within the space.
CMC Crypto 200 Index by Solacti ^CMC200 on Yahoo finance. DeFi: DPI DEFI5 sDEFI PIPT CC10 DEGEN TCAP DEFI+L BCP Gaming + NFT NFTI MVI
Powerpool Concentraded Voting Power (CVP) is a similar proyect from what you are thinking, I think, its a DeFi protocol that offers indexes that are represented as different tokens they have. For example their PIPT token is represented by 12.5% of Aave, 12.5% of YFI, 12.5% of SNX, 12.5% CVP (their native token), 12.5% of COMP, 12.5% of wNXM, 12.5% of MKR and last 12.5% UNI. Basicly the PIPT token in this case its price is dedermined by all the tokens its formed by, if those do well then PIPT does well etc. Their also have more tokens apart from PIPT that work the same just with other coins. Again dont know if this matches your idea but it looks similar to me.
there are some index coins like DPI, PIPT, YETI etc.
Key Takeaways: - Index Coop has the largest AUM with a dominance of more than 50%. However, Indexed Finance has the highest AUM growth year-to-date and became the third-largest indices protocol. - Both INDEX and NDX are undervalued in both Mcap/TVL and FDV/TVL relative to CVP. - Index Coop would earn the most revenue as it charges the highest fee on all its indices. - Indexed Finance only has one source of earning - an exit fee of 0.5% from its DEGEN and NFTP. - CVP in the meanwhile has a more diversified income from minting and exit fees. - Currently, Index Coop has only launched 3 indices, while both Indexed Finance and PowerPool have four indices, respectively. - Indexed Finance is only 4 months old, while PowerPool is 8-months old. Hence, Indexed Finance is the fastest at launching products. That said, Index Coop and PowerPool teams work with their methodologist to ensure their products are safe and consider all the associated factors and risks. - Indexed Finance may lose the speed as they launched the Sigma program. The program allows them to collaborate with external partners, which would take a longer time. For instance, DEGEN was the index fund they partnered with Redphonecrypto in late December 2020; it went live 3 months later in early March 2021. - DEFI5 will be the cheapest option to have exposure to DeFi blue chips. Arguably, DPI has the best performance to-date, despite it having the highest fee. - Funds investors could earn passive income with all the funds, with DEFI5 providing the highest DeFi index APY at 32.1%. - DPI utilizes market cap-weighting - which is very popular even in the traditional financial market. Your portfolio will be heavily concentrated on large-cap assets. Whereas, square root-weighting (DEFI5) and equal-weighting (PIPT) will have more weights towards the lower-caps assets. List of Sources and Resources listed in the article.
Hey, yes is from PowerPool they accumulate governance power in Ethereum based protocols. Such as ASSY, YLA, PIPT, and YETI indexes. It's great because I can stake CVP in any of those index pools and get rewards.
Why go for a blockchain that's without smart contract functionality. Ethereum offers one lots of options ranging from its DeFi solutions to scalability solutions. For a start, you can hold powerpool index tokens, which tracks specific segments of the market, they include PIPT, ASSY, YLA and its native token CVP. These can be stored in any ERC 20 wallets like trust wallet or meramask
This is just a typical example of the bull season, after gains in BTC, funds flows out into Eth, then to other Altcoins. I got huge gains farming PIPT as I also get CVP boost from Powerpool.
Well, I'm not holding AAVE, but do hold ASSY and PIPT. These are smart indexes from powerpool, a meta-governance protocol for defi projects and I also experience whatever growth experienced on the native token on y indexes.
There are already indices offered on Crypto currency: DPI; DEFI5; CC10; sDEFI; PIPT. Holds the actual coins and is more fee efficient if you try to buy the coins separately.