{"pageProps":{"news_data":[{"id":1241,"date":"2024-02-08T18:35:57","slug":"january-2024-rebalance-defi-pulse-index","title":"January 2024 Rebalance DeFi Pulse","content":"\n<p>The <strong>DeFi Pulse Index</strong> is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space.</p>\n\n\n\n<p>Over the last three months, since the last rebalancing, the DeFi Pulse Index gained <strong>+45%</strong>, beating Ethereum’s 30%, with all index constituents up.</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image.png\" alt=\"\" class=\"wp-image-1242 lazyload\"/><noscript><img decoding=\"async\" width=\"389\" height=\"449\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image.png\" alt=\"\" class=\"wp-image-1242 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image.png 389w, https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image-260x300.png 260w\" sizes=\"(max-width: 389px) 100vw, 389px\" /></noscript><figcaption class=\"wp-element-caption\">Data from Coingecko. January 31, 2024.</figcaption></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<p>Year to date, in 2024, the DeFi Pulse Index the index moved sideways with leading performers Maker (+27%) and Lido (+10%).</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image-1.png\" alt=\"\" class=\"wp-image-1243 lazyload\"/><noscript><img decoding=\"async\" width=\"693\" height=\"424\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image-1.png\" alt=\"\" class=\"wp-image-1243 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image-1.png 693w, https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image-1-300x184.png 300w\" sizes=\"(max-width: 693px) 100vw, 693px\" /></noscript><figcaption class=\"wp-element-caption\">Data from Coingecko. January 31, 2024.</figcaption></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<h2 class=\"wp-block-heading\">DeFi Pulse Index rebalance weights</h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image-2.png\" alt=\"\" class=\"wp-image-1244 lazyload\" style=\"width:685px;height:auto\"/><noscript><img decoding=\"async\" width=\"685\" height=\"256\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image-2.png\" alt=\"\" class=\"wp-image-1244 lazyload\" style=\"width:685px;height:auto\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image-2.png 685w, https://matthewd210.sg-host.com/wp-content/uploads/2024/02/image-2-300x112.png 300w\" sizes=\"(max-width: 685px) 100vw, 685px\" /></noscript></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<h2 class=\"wp-block-heading\">Rebalance summary</h2>\n\n\n\n<p>The above index weightfactors and weights were calculated using prices and circulating supplies as of January 26, 2024.</p>\n\n\n\n<p>At the January 2024 index rebalance, <strong>no constituents were added or removed</strong>. The weight of Balancer (BAL) increased due to a larger change in circulating supply. The Uniswap (UNI) allocation increased as its uncapped weight continues to be larger than the 25% threshold (and is hence moved halfway to its target to reduce turnover). All other weights decrease accordingly. Since the capped weight is distributed proportionally among all other constituents, Lido (LDO) ends up with the largest index allocation.</p>\n\n\n\n<p>The total one-way turnover of the rebalancing is 2.2%.</p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<p><em>Scalara is dedicated to creating and maintaining indices for a decentralized world.</em></p>\n","excerpt":"<p>The DeFi Pulse Index is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space. Over the last three months, since the last rebalancing, the DeFi Pulse Index gained +45%, beating Ethereum’s 30%, with all index constituents up. Year to date, in 2024, the&hellip;&nbsp;<a href=\"https://matthewd210.sg-host.com/january-2024-rebalance-defi-pulse-index/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">January 2024 Rebalance DeFi Pulse</span></a></p>\n","author_name":"Christoph","author_id":3,"tags_numbered":[18,24,25],"yoast_head_json":{},"tags_text":["dpi","indices","rebalance"],"featured_image":"https://matthewd210.sg-host.com/wp-content/uploads/2022/04/Scalara-Featured-Image6.png"},{"id":1237,"date":"2024-01-04T03:43:42","slug":"defi-pulse-index-2023-review","title":"DeFi Pulse Index 2023 Performance Review","content":"\n<p>We present a short performance review of the DeFi Pulse Index, the leading benchmark of Ethereum DeFi protocols. Overall 2023 was a strong year for the DeFi sector. The <strong>DeFi Pulse Index gained 82%</strong>, beating the TradFi sector&#8217;s meager 12% (as measured by the Financial Select Sector SPDR ETF).</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/01/image-1.png\" alt=\"\" class=\"wp-image-1239 lazyload\"/><noscript><img decoding=\"async\" width=\"480\" height=\"285\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/01/image-1.png\" alt=\"\" class=\"wp-image-1239 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/01/image-1.png 480w, https://matthewd210.sg-host.com/wp-content/uploads/2024/01/image-1-300x178.png 300w\" sizes=\"(max-width: 480px) 100vw, 480px\" /></noscript><figcaption class=\"wp-element-caption\">DeFi Pulse Index in USD. 2023. Data source: Coingecko.</figcaption></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<p>After several component changes, most importantly the addition of the liquid staking sector, the index finished the year with 9 constituent (<a href=\"https://indexcoop.com/products/defi-pulse-index\" target=\"_blank\" rel=\"noreferrer noopener\">current allocation</a>).</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/01/image.png\" alt=\"\" class=\"wp-image-1238 lazyload\"/><noscript><img decoding=\"async\" width=\"680\" height=\"383\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/01/image.png\" alt=\"\" class=\"wp-image-1238 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2024/01/image.png 680w, https://matthewd210.sg-host.com/wp-content/uploads/2024/01/image-300x169.png 300w\" sizes=\"(max-width: 680px) 100vw, 680px\" /></noscript><figcaption class=\"wp-element-caption\">DeFi Pulse Index constituents.</figcaption></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<p>The index top performers in 2023 were:</p>\n\n\n\n<ul>\n<li>Maker: +206%</li>\n\n\n\n<li>Synthetix: +167%</li>\n\n\n\n<li>Aave: +112%</li>\n</ul>\n\n\n\n<p>On the other hand, the laggards were:</p>\n\n\n\n<ul>\n<li>Loopring: +6% (until its removal in October)</li>\n\n\n\n<li>Balancer: -18%</li>\n\n\n\n<li>Rocket Pool: -35% (since index addition in May)</li>\n</ul>\n\n\n\n<p>Out of the current components Maker was the greatest diversifier with an average correlation of 0.3 to the other index members. Overall DPI constituents had an average pairwise correlation of 0.5. As a result DPI&#8217;s 2023 volatility of 60% was significantly lower than the average constituent volatility of 85%.</p>\n\n\n\n<p>The DeFi Pulse Index is available as a single token by the <a href=\"https://indexcoop.com/products/defi-pulse-index\" target=\"_blank\" rel=\"noreferrer noopener\">Index Coop</a>.</p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<p><em>Scalara is dedicated to creating and maintaining indices for a decentralized world.</em></p>\n","excerpt":"<p>We present a short performance review of the DeFi Pulse Index, the leading benchmark of Ethereum DeFi protocols. Overall 2023 was a strong year for the DeFi sector. The DeFi Pulse Index gained 82%, beating the TradFi sector&#8217;s meager 12% (as measured by the Financial Select Sector SPDR ETF). After several component changes, most importantly&hellip;&nbsp;<a href=\"https://matthewd210.sg-host.com/defi-pulse-index-2023-review/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">DeFi Pulse Index 2023 Performance Review</span></a></p>\n","author_name":"Christoph","author_id":3,"tags_numbered":[49,18,24],"yoast_head_json":{},"tags_text":["defi","dpi","indices"],"featured_image":"https://matthewd210.sg-host.com/wp-content/uploads/2022/03/Scalara-Featured-Image012.png"},{"id":1232,"date":"2023-11-02T17:42:51","slug":"october-2023-rebalance-defi-pulse-index","title":"October 2023 Rebalance DeFi Pulse Index","content":"\n<p>The <strong>DeFi Pulse Index</strong> is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space.<br>Over the last three months, since the last rebalancing, the DeFi Pulse Index lost <strong>15%</strong>.</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image.png\" alt=\"\" class=\"wp-image-1233 lazyload\"/><noscript><img decoding=\"async\" width=\"392\" height=\"443\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image.png\" alt=\"\" class=\"wp-image-1233 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image.png 392w, https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-265x300.png 265w\" sizes=\"(max-width: 392px) 100vw, 392px\" /></noscript><figcaption class=\"wp-element-caption\">Data from Coingecko. October 31, 2023.</figcaption></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<p>Year to date through October, the DeFi Pulse Index returned +23% led by Maker (+167%), Lido (+91%) and Synthetix (+60%).</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-1.png\" alt=\"\" class=\"wp-image-1234 lazyload\"/><noscript><img decoding=\"async\" width=\"800\" height=\"450\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-1.png\" alt=\"\" class=\"wp-image-1234 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-1.png 800w, https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-1-300x169.png 300w, https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-1-768x432.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" /></noscript><figcaption class=\"wp-element-caption\">Data from Coingecko. October 31, 2023.</figcaption></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<h2 class=\"wp-block-heading\">DeFi Pulse Index rebalance weights</h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-2-1024x413.png\" alt=\"\" class=\"wp-image-1235 lazyload\"/><noscript><img decoding=\"async\" width=\"1024\" height=\"413\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-2-1024x413.png\" alt=\"\" class=\"wp-image-1235 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-2-1024x413.png 1024w, https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-2-300x121.png 300w, https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-2-768x309.png 768w, https://matthewd210.sg-host.com/wp-content/uploads/2023/11/image-2.png 1072w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" /></noscript></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<h2 class=\"wp-block-heading\">Rebalance summary</h2>\n\n\n\n<p>The above index weightfactors and weights were calculated using prices and circulating supplies as of October 12, 2023.</p>\n\n\n\n<p>At the October 2023 index rebalance, previously started index changes were concluded: <strong>The phasing-in of Lido (LDO) and Rocket Pool (RPL) that was started in April </strong>and the <strong>removal of Loopring</strong> (LRC) due to <strong>decreased usage of its DeFi service </strong>were finished. In both cases low liquidity was the main reason to apply this stepwise approach. Therefore, the DeFi Pulse Index is now composed of 9 constituents.</p>\n\n\n\n<p>As a result of the continued addition of LDO and RPL all other constituent weights decrease (except UNI due to its continued 25% capping). The total one-way turnover of the rebalancing was 8.2%.</p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<p><em>Scalara is dedicated to creating and maintaining indices for a decentralized world.</em></p>\n","excerpt":"<p>The DeFi Pulse Index is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space.Over the last three months, since the last rebalancing, the DeFi Pulse Index lost 15%. Year to date through October, the DeFi Pulse Index returned +23% led by Maker (+167%),&hellip;&nbsp;<a href=\"https://matthewd210.sg-host.com/october-2023-rebalance-defi-pulse-index/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">October 2023 Rebalance DeFi Pulse Index</span></a></p>\n","author_name":"Christoph","author_id":3,"tags_numbered":[18,24,25],"yoast_head_json":{},"tags_text":["dpi","indices","rebalance"],"featured_image":"https://matthewd210.sg-host.com/wp-content/uploads/2022/03/Scalara-Featured-Image7.png"},{"id":1224,"date":"2023-08-08T18:32:14","slug":"july-2023-rebalance-defi-pulse-index","title":"July 2023 Rebalance DeFi Pulse Index","content":"\n<p><strong>Scalara</strong> announces the results of the <strong>July 2023 rebalance</strong> of the <a href=\"https://www.scalara.xyz/indices/dpi\" target=\"_blank\" rel=\"noreferrer noopener\">DeFi Pulse Index</a>.</p>\n\n\n\n<p>The <strong>DeFi Pulse Index</strong> is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space.</p>\n\n\n\n<p>Over the last three months, since the last rebalancing, the DeFi Pulse Index gained <strong>10%</strong>.</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/08/image.png\" alt=\"\" class=\"wp-image-1225 lazyload\"/><noscript><img decoding=\"async\" width=\"387\" height=\"442\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/08/image.png\" alt=\"\" class=\"wp-image-1225 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/08/image.png 387w, https://matthewd210.sg-host.com/wp-content/uploads/2023/08/image-263x300.png 263w\" sizes=\"(max-width: 387px) 100vw, 387px\" /></noscript><figcaption class=\"wp-element-caption\">Data from Coingecko. July 31, 2023.</figcaption></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<p>Year to date through July, the DeFi Pulse Index returned +46% led by Maker (+139%), Compound (+131%) and Lido (+96%).</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http://matthewd210.sg-host.com/wp-content/uploads/2023/08/newplot.png\" alt=\"\" class=\"wp-image-1226 lazyload\"/><noscript><img decoding=\"async\" width=\"800\" height=\"450\" src=\"http://matthewd210.sg-host.com/wp-content/uploads/2023/08/newplot.png\" alt=\"\" class=\"wp-image-1226 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/08/newplot.png 800w, https://matthewd210.sg-host.com/wp-content/uploads/2023/08/newplot-300x169.png 300w, https://matthewd210.sg-host.com/wp-content/uploads/2023/08/newplot-768x432.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" /></noscript><figcaption class=\"wp-element-caption\">Data from Coingecko. July 31, 2023.</figcaption></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<h2 class=\"wp-block-heading\">DeFi Pulse Index rebalance weights</h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/08/image-1.png\" alt=\"\" class=\"wp-image-1228 lazyload\"/><noscript><img decoding=\"async\" width=\"785\" height=\"317\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/08/image-1.png\" alt=\"\" class=\"wp-image-1228 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/08/image-1.png 785w, https://matthewd210.sg-host.com/wp-content/uploads/2023/08/image-1-300x121.png 300w, https://matthewd210.sg-host.com/wp-content/uploads/2023/08/image-1-768x310.png 768w\" sizes=\"(max-width: 785px) 100vw, 785px\" /></noscript></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<h2 class=\"wp-block-heading\">Rebalance summary</h2>\n\n\n\n<p>The above index weightfactors and weights were calculated using prices and circulating supplies of all 12 constituents as of July 27, 2023.</p>\n\n\n\n<p>At the July 2023 index rebalance, <strong>the phasing in of Lido&#8217;s LDO and Rocket Pool&#8217;s RPL that was <a href=\"https://www.scalara.xyz/blog/april-2023-rebalance-defi-pulse-index\">started in April</a> was continued.</strong> Two-thirds of the circulating supply are considered during determination of new weightfactors.<br>In addition, the removal of Loopring due to <strong>decreased relevance of its DeFi service </strong>was started. At this rebalancing only half of the weight is removed.<br>In both cases low liquidity on decentralized exchanges is reason to apply this stepwise approach. It aims to mitigate the market impact of these index changes.<br>Therefore, the DeFi Pulse Index is still composed of 10 constituents.</p>\n\n\n\n<p>As a result of the continued addition of LDO and RPL all other constituent weights decrease (except UNI due to its continued 25% capping). The total one-way turnover of the rebalancing is 8.9%</p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<p><em>Scalara is dedicated to creating and maintaining indices for a decentralized world.</em></p>\n","excerpt":"<p>Scalara announces the results of the July 2023 rebalance of the DeFi Pulse Index. The DeFi Pulse Index is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space. Over the last three months, since the last rebalancing, the DeFi Pulse Index gained 10%.&hellip;&nbsp;<a href=\"https://matthewd210.sg-host.com/july-2023-rebalance-defi-pulse-index/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">July 2023 Rebalance DeFi Pulse Index</span></a></p>\n","author_name":"Christoph","author_id":3,"tags_numbered":[18,24,25],"yoast_head_json":{},"tags_text":["dpi","indices","rebalance"],"featured_image":"https://matthewd210.sg-host.com/wp-content/uploads/2022/02/Scalara-Featured-Image5.png"},{"id":1212,"date":"2023-05-05T20:13:53","slug":"april-2023-rebalance-defi-pulse-index","title":"April 2023 Rebalance DeFi Pulse Index","content":"\n<p><strong>Scalara</strong> announces the results of the <strong>April 2023 rebalance</strong> of the <a href=\"https://www.scalara.xyz/indices/dpi\" target=\"_blank\" rel=\"noreferrer noopener\">DeFi Pulse Index</a>.</p>\n\n\n\n<p>The <strong>DeFi Pulse Index</strong> is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space.</p>\n\n\n\n<p>Since its January rebalance three months ago, the DeFi Pulse Index is down <strong>6%</strong>.</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/05/image.png\" alt=\"\" class=\"wp-image-1213 lazyload\"/><noscript><img decoding=\"async\" width=\"484\" height=\"544\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/05/image.png\" alt=\"\" class=\"wp-image-1213 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/05/image.png 484w, https://matthewd210.sg-host.com/wp-content/uploads/2023/05/image-267x300.png 267w\" sizes=\"(max-width: 484px) 100vw, 484px\" /></noscript><figcaption class=\"wp-element-caption\">Data from Coingecko. April 30, 2023.</figcaption></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<p>Year to date through end of April, the DeFi Pulse Index returned +32% led by Loopring (+85%), Synthetix (+70%) and Yearn (+61%).</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/05/newplot.png\" alt=\"\" class=\"wp-image-1214 lazyload\" width=\"692\" height=\"389\"/><noscript><img decoding=\"async\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/05/newplot.png\" alt=\"\" class=\"wp-image-1214 lazyload\" width=\"692\" height=\"389\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/05/newplot.png 800w, https://matthewd210.sg-host.com/wp-content/uploads/2023/05/newplot-300x169.png 300w, https://matthewd210.sg-host.com/wp-content/uploads/2023/05/newplot-768x432.png 768w\" sizes=\"(max-width: 692px) 100vw, 692px\" /></noscript><figcaption class=\"wp-element-caption\">Data from Coingecko. April 30, 2023.</figcaption></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<h2 class=\"wp-block-heading\">DeFi Pulse Index rebalance weights</h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/05/image-1.png\" alt=\"\" class=\"wp-image-1217 lazyload\"/><noscript><img decoding=\"async\" width=\"777\" height=\"337\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/05/image-1.png\" alt=\"\" class=\"wp-image-1217 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/05/image-1.png 777w, https://matthewd210.sg-host.com/wp-content/uploads/2023/05/image-1-300x130.png 300w, https://matthewd210.sg-host.com/wp-content/uploads/2023/05/image-1-768x333.png 768w\" sizes=\"(max-width: 777px) 100vw, 777px\" /></noscript></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<h2 class=\"wp-block-heading\">Rebalance summary</h2>\n\n\n\n<p>The above index weightfactors and weights were calculated using prices and circulating supplies of all 11 tokens as of April 27, 2023.</p>\n\n\n\n<p>At the April 2023 index rebalance, <strong>one token was removed from </strong>and <strong>two new tokens were added to</strong> the DeFi Pulse Index, resulting in now 10 index constituents.<br>SUSHI was removed due to the project’s <strong>decreased usage</strong>: Both from a total value locked (TVL) and trading volume perspective it has been trailing other decentralized exchanges (DEXes). DEXes are a segment that continues to be represented in the DeFi Pulse Index by Uniswap and Balancer. At the same time SUSHI was also the smallest constituent of the index by market cap weight.</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>A new segment</strong></h3>\n\n\n\n<p>The two largest weight changes in the index were the <strong>additions of <a href=\"https://lido.fi/\" target=\"_blank\" rel=\"noreferrer noopener\">Lido</a> (LDO) and <a href=\"https://rocketpool.net/\">Rocket Pool</a> (RPL)</strong>. Both projects offer <strong>liquid staking solutions</strong> that allow users to benefit from the rewards of participating in the proof-of-stake consensus mechanism of the Ethereum blockchain (i.e. Ethereum&#8217;s staking yield) while at the same time remaining liquid by issuing tradable receipts. In mid-April the <a href=\"https://blog.ethereum.org/2023/03/28/shapella-mainnet-announcement\">Shapella upgrade</a> finally enabled stakers to redeem their staked ETH. </p>\n\n\n\n<p>Lido and Rocket Pool are the two largest liquid staking protocols with currently $12 billion and $1.5 billion staked respectively. LDO is the <strong>governance token</strong> of the Lido DAO that gives holders the right to vote in governance decisions. RPL is the governance token of the Rocket Pool protocol and can also be used as an <strong>insurance</strong> deposit in the protocol.</p>\n\n\n\n<p>In order to reduce the market impact of the index change, both additions are <strong>phased-in</strong>. Therefore, at this rebalance both tokens are only weighted using one third of their market capitalization. As a result of the addition all other constituent weights decrease (except for UNI due to its continued 25% capping). The total one-way turnover of the rebalancing is 15.1%</p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Diversification</strong></h3>\n\n\n\n<p>The DeFi Pulse Index covers several distinct segments of the DeFi ecosystem.</p>\n\n\n\n<p>// Learn more: <a href=\"https://www.scalara.xyz/blog/from-tradfi-to-defi\" target=\"_blank\" rel=\"noreferrer noopener\">From TradFi to DeFi</a></p>\n\n\n\n<p>With the addition of Lido and Rocket Pool a <strong>third significant segment</strong> is added to the index in addition to exchanging and lending assets. </p>\n\n\n\n<ul>\n<li>Decentralized Exchanges: 36.4%</li>\n\n\n\n<li>Lending &amp; Borrowing: 31.5%</li>\n\n\n\n<li>Liquid Staking: 15.0%</li>\n\n\n\n<li>Derivatives: 12.6%</li>\n\n\n\n<li>Asset Management: 4.5%</li>\n</ul>\n\n\n\n<p>Furthermore, liquid staking is a financial service that does not have an immediate analogue in the traditional financial world. In the decentralized world, though, <strong>validating transactions is the basis of all network activity</strong>.</p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<p><em>Scalara is dedicated to creating and maintaining indices for a decentralized world.</em></p>\n","excerpt":"<p>Scalara announces the results of the April 2023 rebalance of the DeFi Pulse Index. The DeFi Pulse Index is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space. Since its January rebalance three months ago, the DeFi Pulse Index is down 6%. Year&hellip;&nbsp;<a href=\"https://matthewd210.sg-host.com/april-2023-rebalance-defi-pulse-index/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">April 2023 Rebalance DeFi Pulse Index</span></a></p>\n","author_name":"Christoph","author_id":3,"tags_numbered":[18,24,25],"yoast_head_json":{},"tags_text":["dpi","indices","rebalance"],"featured_image":"https://matthewd210.sg-host.com/wp-content/uploads/2022/02/Scalara-Featured-Image4.png"},{"id":1206,"date":"2023-02-07T21:33:30","slug":"january-2023-rebalance-defi-pulse-index","title":"January 2023 Rebalance DeFi Pulse Index","content":"\n<p><strong>Scalara</strong> announces the results of the <strong>January 2023 rebalance</strong> of the DeFi Pulse Index.</p>\n\n\n\n<p>The <strong>DeFi Pulse Index</strong> is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space. Over the last three months, since the last rebalancing, the DeFi Pulse Index returned <strong>92%</strong>.</p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/02/image.png\" alt=\"\" class=\"wp-image-1207 lazyload\"/><noscript><img decoding=\"async\" width=\"521\" height=\"579\" src=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/02/image.png\" alt=\"\" class=\"wp-image-1207 lazyload\" srcset=\"https://matthewd210.sg-host.com/wp-content/uploads/2023/02/image.png 521w, https://matthewd210.sg-host.com/wp-content/uploads/2023/02/image-270x300.png 270w\" sizes=\"(max-width: 521px) 100vw, 521px\" /></noscript><figcaption class=\"wp-element-caption\">Data from Coingecko. January 31, 2023.</figcaption></figure></div>\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<p>In <strong>2023</strong> alone, the DeFi Pulse Index returned +50% led by Synthetix (+94%), Loopring (+93%) and Compound (+68%).</p>\n\n\n\n<p class=\"has-text-align-center\"><img decoding=\"async\" class=\"lazyload\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://lh5.googleusercontent.com/Kr723xKKM1OiIqUuF_-PygG6f51dcqEPVhpKO20Rxl7fw9EAclPi0t6kwxKKk5uhe6krD5t9_KyrZv4j-H1uT8B2kfUi4iRgUTBI8yviHDAgpg9uIQXTCceXVTW9AJgWV2yprOQ26uSaBoTjyOSjrDE\" width=\"624\" height=\"371\"><noscript><img decoding=\"async\" class=\"lazyload\" src=\"https://lh5.googleusercontent.com/Kr723xKKM1OiIqUuF_-PygG6f51dcqEPVhpKO20Rxl7fw9EAclPi0t6kwxKKk5uhe6krD5t9_KyrZv4j-H1uT8B2kfUi4iRgUTBI8yviHDAgpg9uIQXTCceXVTW9AJgWV2yprOQ26uSaBoTjyOSjrDE\" width=\"624\" height=\"371\"></noscript></p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<h2 class=\"wp-block-heading\">DeFi Pulse Index rebalance weights</h2>\n\n\n\n<p class=\"has-text-align-center\"><img decoding=\"async\" class=\"lazyload\" width=\"624\" height=\"256\" src=\"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https://lh4.googleusercontent.com/baOtZ_uphllF3-BHfK1vncU2wMY0oC3RCRrd29iuLKg0oFYtpNr5AjGENZW_OpGDXx40DT7fh15Ttgd2AakWH6E-2htkestaASvC-d-r5lNTXIbuSLpoALdsTZceKME_RE2hFuGMsiGP2b4LkLDbwaQ\"><noscript><img decoding=\"async\" class=\"lazyload\" width=\"624\" height=\"256\" src=\"https://lh4.googleusercontent.com/baOtZ_uphllF3-BHfK1vncU2wMY0oC3RCRrd29iuLKg0oFYtpNr5AjGENZW_OpGDXx40DT7fh15Ttgd2AakWH6E-2htkestaASvC-d-r5lNTXIbuSLpoALdsTZceKME_RE2hFuGMsiGP2b4LkLDbwaQ\"></noscript></p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<h2 class=\"wp-block-heading\">Rebalance summary</h2>\n\n\n\n<p>The above index weightfactors and weights were calculated using prices and circulating supplies of all constituents as of January 26, 2023.</p>\n\n\n\n<p>At the January 2023 index rebalance, <strong>one token was removed</strong> from the DeFi Pulse Index, resulting in 9 index constituents. REN was removed due to the projects’ continued <strong>decreased usage</strong>. At 1.55% as of determination time, REN was also the smallest token by weight in the index.</p>\n\n\n\n<p>The two largest weight changes in the index were the capping of UNI and the weight increase of SNX. UNI’s 55% allocation under market cap weighting once again would have breached the allocation limit of 25% for any single constituent. The <a href=\"https://www.scalara.xyz/blog/methodology-change-defi-pulse-index-introduction-of-flexible-capping\">Flexible Capping</a> rule moved its weight half the way from the current index weight to the 25% target to reduce turnover. The added weight in SNX was due to its increased circulating supply.<br>The total one-way turnover of the rebalancing is 3.7%.</p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"></div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"/>\n\n\n\n<p><em>Scalara is dedicated to creating and maintaining indices for a decentralized world.</em></p>\n","excerpt":"<p>Scalara announces the results of the January 2023 rebalance of the DeFi Pulse Index. The DeFi Pulse Index is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space. Over the last three months, since the last rebalancing, the DeFi Pulse Index returned 92%.&hellip;&nbsp;<a href=\"https://matthewd210.sg-host.com/january-2023-rebalance-defi-pulse-index/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">January 2023 Rebalance DeFi Pulse Index</span></a></p>\n","author_name":"Christoph","author_id":3,"tags_numbered":[18,24,25],"yoast_head_json":{},"tags_text":["dpi","indices","rebalance"],"featured_image":"https://matthewd210.sg-host.com/wp-content/uploads/2022/01/Scalara-Featured-Image013.png"}],"coingeckoData":{"dpi":{"tvl":0,"holders":15000},"fli":{"tvl":0,"holders":19000}},"messages":{"HeaderTab":{"indices":"Indices","products":"Products","news":"Blog","home":"Home","build":"Build An Index","about":"About"},"Header":{"services":"Ours Services"},"News":{"button":"Read More on Defipulse.com"},"BannerTop":{"title":"Creates, maintains, and licenses\ninnovative financial indices\nfor a decentralized world.","dpi":"DeFi Pulse Index","fli":"Flexible Leverage Indices","nfti":"Scalara NFT Index","news":"Blog","launch":"Launch Your Index","terms":"Legal Disclaimer"},"IndexCard":{"dpi":"DeFi Pulse Index","fli":"Flexible Leverage Indices","nfti":"Scalara NFT Index","holders":"Holders","methodology":"Methodology TVL"},"IndexTab":{"overview":"overview","methodology":"methodology","data":"data","products":"index linked products"},"IndexContainer":{"main":"<important>Scalara</important> is the index provider behind some of the largest and most innovative index products in the quickly evolving Decentralized Finance (DeFi) space.","sub":"As a spin-off from DeFi Pulse, the leading provider of market intelligence in DeFi, Scalara shares their mission to make DeFi accessible to everyone and be an innovator in the quickly evolving DeFi ecosystem. Scalara creates and maintains index methodologies that provide diversified market exposure and power innovative investment solutions."},"SynopsisComponent":{"dpi":"The <important>DeFi Pulse Index</important> is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space. DeFi is a blockchain-based implementation of traditional financial services that does not rely on central intermediaries and instead uses smart contracts on blockchains. Popular DeFi protocols allow users to lend or borrow digital assets, trade them on decentralized exchanges, or invest in a wide range of asset management strategies and derivatives.\n        \nIn order to be included in the DeFi Pulse Index, the DeFi protocol and its corresponding token have to pass a rigorous screening methodology. Only protocols with significant usage and commitment to ongoing maintenance and development are included. \n        \nConstituents are weighted by circulating supply and rebalanced on a monthly basis.","fli":"<important>Flexible Leverage Indices</important> implement a collateralized debt position in a controlled and efficient way to achieve leveraged returns and, by abstracting its management into a simple index, make leverage strategies broadly accessible. The effort to maintain the health of the debt position is automated by the index rules and a unique algorithm helps to reduce rebalancing turnover.","nfti":"The Scalara NFT Index is a digital asset index designed to track the performance of some of the most well-known and highly valued NFT collections. The index provides diversified exposure to a rising new asset class at the intersection of art, culture, and blockchain technology. NFTs are non-fungible tokens that have their unique data and proof of ownership stored on a blockchain.\nIn order to be included in the index, an NFT collection has to pass a screening process that ensures that only well established projects are selected.\nThe Scalara NFT Index furthermore adds yield on top of token price performance through inventory staking on the NFTX platform.\nConstituents are weighted by the floor market capitalization of the collection and reviewed on a quarterly basis.","pony":"The <important>Passive Omnichain Net Yield (PONY) Index</important> is a digital asset index designed to provide exposure to high quality USD stablecoin yields from all around the blockchain world. The yields are sourced from multiple chains, farming platforms, stablecoins and yield sources. The index simplifies this complex task into a passive strategy accessible on Ethereum.\n\nIn order to be included in the PONY Index, yield opportunities have to pass a set of rigorous filters. These filters cover all relevant aspects of yield farming and consider different chains, yield farming platforms, stablecoins, yield sources, and risk.\n\nIndex constituents are rebalanced on a monthly basis to maximize yield while ensuring diversification, strict safety scoring and sufficient capacity.\n","download":"Download factsheet and methodology"},"DataCard":{},"AssetComponent":{"title":{"dpi":"The DeFi Pulse Index tracks the performance of blue-chip DeFi protocols.","fli":"The Flexible Leverage Index (FLI) methodology makes leverage effortless.","nfti":"The Scalara NFT Index tracks the performance of blue-chip NFT collections.","pony":"The PONY Index is a one-click omnichain yield solution."},"button":{"title":"View Holdings"}},"IndexData":{"chapters":{"facts":"Quick Facts","constituents":"Sector Allocation","table":"Holdings","data":"Characteristics"},"titles":{"quickfacts":"Quick Facts","inclusion":"Sector Allocation","characteristics":"Characteristics","table":"Holdings","interest":"Interested in timely DeFi Pulse Index related data"}},"ChartComponent":{"ts":{"30Days":"30 Days","90Days":"90 Days","365Days":"1 Year","All":"All"},"eth":"Ethereum","polygon":"Polygon","period":"{period} Return","dpi":"DeFi Pulse Index","NFTi":"Scalara NFT Index","ethfli":"ETH2X-FLI","eth2x-fli-p":"ETH2X-FLI-P","btcfli":"BTC2X-FLI","matic2x-P":"MATIC2X-FLI-P","imatic-P":"iMATIC-FLI-P","ieth-P":"iETH-FLI-P","ibtc-P":"iBTC-FLI-P","btc2x-fli-P":"BTC2X-FLI-P"},"Launch":{"title":"Scalara, the index provider and methodologist behind some of the leading indices in DeFi, will bring your index idea to life!","desc":"Scalara and its team of experienced methodologists develops robust index methodologies. This includes recommendations regarding the token and protocol safety of the selected index constituents and their feasibility to be part of an investable token implementation.\n\nAs part of ongoing index maintenance Scalara ensures that the index follows its stated index objective by rebalancing the index or proposing methodology updates.\n        \nScalara leverages its relationships in the DeFi ecosystem to facilitate integrations and accessibility.\n        \nGet in touch to discuss your custom index solution!"},"Terms":{"title":"Terms of Use"},"Legal":{"title":"Legal Disclaimer","desc":"Redistribution or reproduction in whole or in part are prohibited without written permission of Scalara. Except for certain custom index calculation services, all information provided by Scalara is impersonal and not tailored to the needs of any person, entity or group of persons. Scalara receives compensation in connection with licensing its indices to third parties and providing custom calculation services. Past performance of an index is not an indication or guarantee of future results.\n        It is not possible to invest directly in an index. Exposure to an asset class represented by an index may be available through investable instruments based on that index. Scalara does not sponsor, endorse, sell, promote or manage any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. Scalara makes no assurance that investment products based on the index will accurately track index performance or provide positive investment returns. Scalara is not an investment advisor, and Scalara makes no representation regarding the advisability of investing in any such index.\n        These materials have been prepared solely for informational purposes based upon information generally available to the public and from sources believed to be reliable. No content contained in these materials (including index data, ratings, credit-related analyses and data, research, valuations, model, software or other application or output therefrom) or any part thereof (“Content”) may be modified, reverse-engineered, reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of Scalara. The Content shall not be used for any unlawful or unauthorized purposes. Scalara and its third-party data providers and licensors (collectively “Scalara Parties”) do not guarantee the accuracy, completeness, timeliness or availability of the Content. Scalara Parties are not responsible for any errors or omissions, regardless of the cause, for the results obtained from the use of the Content. THE CONTENT IS PROVIDED ON AN “AS IS” BASIS. Scalara PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall “Scalara Parties”be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the Content even if advised of the possibility of such damages.\n        In addition, Scalara Parties provides a wide range of services to, or relating to, many organizations, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose services they may recommend, include in model portfolios, evaluate or otherwise address.\n        Scalara may for a variety of reasons decide to change an index methodology. In general Scalara will try to announce any change with due notice but in extraodinary cases may do so on short notice."},"default":{"HeaderTab":{"indices":"Indices","products":"Products","news":"Blog","home":"Home","build":"Build An Index","about":"About"},"Header":{"services":"Ours Services"},"News":{"button":"Read More on Defipulse.com"},"BannerTop":{"title":"Creates, maintains, and licenses\ninnovative financial indices\nfor a decentralized world.","dpi":"DeFi Pulse Index","fli":"Flexible Leverage Indices","nfti":"Scalara NFT Index","news":"Blog","launch":"Launch Your Index","terms":"Legal Disclaimer"},"IndexCard":{"dpi":"DeFi Pulse Index","fli":"Flexible Leverage Indices","nfti":"Scalara NFT Index","holders":"Holders","methodology":"Methodology TVL"},"IndexTab":{"overview":"overview","methodology":"methodology","data":"data","products":"index linked products"},"IndexContainer":{"main":"<important>Scalara</important> is the index provider behind some of the largest and most innovative index products in the quickly evolving Decentralized Finance (DeFi) space.","sub":"As a spin-off from DeFi Pulse, the leading provider of market intelligence in DeFi, Scalara shares their mission to make DeFi accessible to everyone and be an innovator in the quickly evolving DeFi ecosystem. Scalara creates and maintains index methodologies that provide diversified market exposure and power innovative investment solutions."},"SynopsisComponent":{"dpi":"The <important>DeFi Pulse Index</important> is a digital asset index designed to track the performance of some of the largest protocols in the Decentralized Finance (DeFi) space. DeFi is a blockchain-based implementation of traditional financial services that does not rely on central intermediaries and instead uses smart contracts on blockchains. Popular DeFi protocols allow users to lend or borrow digital assets, trade them on decentralized exchanges, or invest in a wide range of asset management strategies and derivatives.\n        \nIn order to be included in the DeFi Pulse Index, the DeFi protocol and its corresponding token have to pass a rigorous screening methodology. Only protocols with significant usage and commitment to ongoing maintenance and development are included. \n        \nConstituents are weighted by circulating supply and rebalanced on a monthly basis.","fli":"<important>Flexible Leverage Indices</important> implement a collateralized debt position in a controlled and efficient way to achieve leveraged returns and, by abstracting its management into a simple index, make leverage strategies broadly accessible. The effort to maintain the health of the debt position is automated by the index rules and a unique algorithm helps to reduce rebalancing turnover.","nfti":"The Scalara NFT Index is a digital asset index designed to track the performance of some of the most well-known and highly valued NFT collections. The index provides diversified exposure to a rising new asset class at the intersection of art, culture, and blockchain technology. NFTs are non-fungible tokens that have their unique data and proof of ownership stored on a blockchain.\nIn order to be included in the index, an NFT collection has to pass a screening process that ensures that only well established projects are selected.\nThe Scalara NFT Index furthermore adds yield on top of token price performance through inventory staking on the NFTX platform.\nConstituents are weighted by the floor market capitalization of the collection and reviewed on a quarterly basis.","pony":"The <important>Passive Omnichain Net Yield (PONY) Index</important> is a digital asset index designed to provide exposure to high quality USD stablecoin yields from all around the blockchain world. The yields are sourced from multiple chains, farming platforms, stablecoins and yield sources. The index simplifies this complex task into a passive strategy accessible on Ethereum.\n\nIn order to be included in the PONY Index, yield opportunities have to pass a set of rigorous filters. These filters cover all relevant aspects of yield farming and consider different chains, yield farming platforms, stablecoins, yield sources, and risk.\n\nIndex constituents are rebalanced on a monthly basis to maximize yield while ensuring diversification, strict safety scoring and sufficient capacity.\n","download":"Download factsheet and methodology"},"DataCard":{},"AssetComponent":{"title":{"dpi":"The DeFi Pulse Index tracks the performance of blue-chip DeFi protocols.","fli":"The Flexible Leverage Index (FLI) methodology makes leverage effortless.","nfti":"The Scalara NFT Index tracks the performance of blue-chip NFT collections.","pony":"The PONY Index is a one-click omnichain yield solution."},"button":{"title":"View Holdings"}},"IndexData":{"chapters":{"facts":"Quick Facts","constituents":"Sector Allocation","table":"Holdings","data":"Characteristics"},"titles":{"quickfacts":"Quick Facts","inclusion":"Sector Allocation","characteristics":"Characteristics","table":"Holdings","interest":"Interested in timely DeFi Pulse Index related data"}},"ChartComponent":{"ts":{"30Days":"30 Days","90Days":"90 Days","365Days":"1 Year","All":"All"},"eth":"Ethereum","polygon":"Polygon","period":"{period} Return","dpi":"DeFi Pulse Index","NFTi":"Scalara NFT Index","ethfli":"ETH2X-FLI","eth2x-fli-p":"ETH2X-FLI-P","btcfli":"BTC2X-FLI","matic2x-P":"MATIC2X-FLI-P","imatic-P":"iMATIC-FLI-P","ieth-P":"iETH-FLI-P","ibtc-P":"iBTC-FLI-P","btc2x-fli-P":"BTC2X-FLI-P"},"Launch":{"title":"Scalara, the index provider and methodologist behind some of the leading indices in DeFi, will bring your index idea to life!","desc":"Scalara and its team of experienced methodologists develops robust index methodologies. This includes recommendations regarding the token and protocol safety of the selected index constituents and their feasibility to be part of an investable token implementation.\n\nAs part of ongoing index maintenance Scalara ensures that the index follows its stated index objective by rebalancing the index or proposing methodology updates.\n        \nScalara leverages its relationships in the DeFi ecosystem to facilitate integrations and accessibility.\n        \nGet in touch to discuss your custom index solution!"},"Terms":{"title":"Terms of Use"},"Legal":{"title":"Legal Disclaimer","desc":"Redistribution or reproduction in whole or in part are prohibited without written permission of Scalara. Except for certain custom index calculation services, all information provided by Scalara is impersonal and not tailored to the needs of any person, entity or group of persons. Scalara receives compensation in connection with licensing its indices to third parties and providing custom calculation services. Past performance of an index is not an indication or guarantee of future results.\n        It is not possible to invest directly in an index. Exposure to an asset class represented by an index may be available through investable instruments based on that index. Scalara does not sponsor, endorse, sell, promote or manage any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. Scalara makes no assurance that investment products based on the index will accurately track index performance or provide positive investment returns. Scalara is not an investment advisor, and Scalara makes no representation regarding the advisability of investing in any such index.\n        These materials have been prepared solely for informational purposes based upon information generally available to the public and from sources believed to be reliable. No content contained in these materials (including index data, ratings, credit-related analyses and data, research, valuations, model, software or other application or output therefrom) or any part thereof (“Content”) may be modified, reverse-engineered, reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of Scalara. The Content shall not be used for any unlawful or unauthorized purposes. Scalara and its third-party data providers and licensors (collectively “Scalara Parties”) do not guarantee the accuracy, completeness, timeliness or availability of the Content. Scalara Parties are not responsible for any errors or omissions, regardless of the cause, for the results obtained from the use of the Content. THE CONTENT IS PROVIDED ON AN “AS IS” BASIS. Scalara PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall “Scalara Parties”be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the Content even if advised of the possibility of such damages.\n        In addition, Scalara Parties provides a wide range of services to, or relating to, many organizations, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose services they may recommend, include in model portfolios, evaluate or otherwise address.\n        Scalara may for a variety of reasons decide to change an index methodology. In general Scalara will try to announce any change with due notice but in extraodinary cases may do so on short notice."}}},"locale":"en"},"__N_SSG":true}