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January 2024 Rebalance DeFi Pulse

Christoph - Feb 8, 2024 | 2 minutes read

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.

Data from Coingecko. January 31, 2024.
Data from Coingecko. January 31, 2024.

Year to date, in 2024, the DeFi Pulse Index moved sideways with leading performers Maker (+27%) and Lido (+10%).

DeFi Pulse Index rebalance weights

Rebalance summary

The above index weightfactors and weights were calculated using prices and circulating supplies as of January 26, 2024.

At the January 2024 index rebalance, no constituents were added or removed. 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.

The total one-way turnover of the rebalancing is 2.2%.

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

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