what's DeFi Pulse Index?
The DeFi Pulse Index (DPI) is a tokenized basket of leading DeFi protocols, enabling investors to gain diversified exposure to the DeFi ecosystem in a single asset. It tracks the performance of top DeFi tokens selected and weighted based on criteria like total value locked (TVL) from DeFi Pulse data, with periodic rebalancing handled by Index Cooperative through on-chain governance. Users can mint or redeem DPI shares directly for the underlying basket via decentralized exchanges or compatible platforms.
DPI product fees increased following IIP 196 implementation.
Increased product fees on DPI following implementation of IIP 196
Founders with no runway dump tokens and VCs extract value, while only a small group of builders remains from previous cycles.