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April 2022 Rebalance DeFi Pulse Index

Christoph - May 2, 2022 | 2 minutes read

Scalara announces the results of the April 2022 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. In April the DeFi Pulse Index returned -29.4%.

Data from Coingecko as of April 30, 2022

DeFi Pulse Index rebalance weights

Rebalance summary

The above index weight factors and weights were calculated using prices and circulating supplies of all 14 constituents as of April 25, 2022.

At the April 2022 index rebalance, no tokens are being added or removed from the index, leaving the number of constituents at 14.

For most constituents of the DeFi Pulse Index, the index weight only changed marginally. UNI’s 29% allocation under market cap weighting once again would have breached the allocation limit of 25% for any single constituent without any capping. The recently introduced Flexible Capping moved its weight half the way from the current weight to the 25% target to reduce turnover. On April 8, 2022 RGT was replaced with TRIBE following their merger. By using the swap smart contract that offered a fixed exchange rate based on the merger terms, RGT was replaced with TRIBE according to a “weight in = weight out” approach. Since TRIBE has a higher market cap than RGT, at this April rebalance its weight increases according to the circulating supply weighting scheme of the DeFi Pulse Index.

Scalara is dedicated to creating and maintaining indices for a decentralized world.

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