LINK Allocated 28% of Binance’s New DeFi Index Perpetual Contract
Quick take:
Binance has launched a DeFi composite Index perpetual contract
The DEFI/USDT index will go live on the 28th of August, 7 am UTC
The index is made up of 10 DeFi tokens: BAND, COMP, KAVA, KNC, LEND, LINK, MKR, SNX, SXP and ZRX
As with all indices, its value will be calculated using a weighted average
LINK constitutes 28% of the DeFi Index
The team at Binance has announced that they will be launching a DeFi composite index perpetual contract. Binance Futures will launch a DEFI/USDT composite index perpetual contract, with trading opening at 2020/08/28 7:00 AM (UTC).
Band Protocol (BAND)
Compound (COMP)
Kava.io (KAVA)
Kyber Network (KNC)
Aave (LEND)
Chainlink (LINK)
Maker (MKR)
Synthetic Network Token (SNX)
Swipe (SXP)
0x (ZRX)
ChainLink Takes up 28% of the Index
Below is a detailed explanation of the constituents of the DeFi index courtesy of Binance. Regular Rebalances and Adjustments to the DEFI/USDT Index
Due to the ever-changing nature of the crypto markets, the DeFi composite index will be rebalanced every Thursday at 7 am UTC based on the latest market information.
