LINK Allocated 28% of Binance’s New DeFi Index Perpetual Contract

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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.

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