DeFi Growth IndexPrice

(DGI)

The DeFi Growth Index, also known by its ticker DGI, is a Web3 project that functions as a decentralized on-chain portfolio. It is designed to track the performance of early-stage decentralized finance projects that exhibit innovative mechanisms and established market demand. The project is categorized as a Decentralized Token Folio and was deployed on the Reserve Protocol. The index is curated by the research platform Today in DeFi. Its primary goal is to provide exposure to a diversified basket of tokens from protocols that show potential for growth in user adoption and activity. These protocols typically offer services such as decentralized exchanges, lending platforms, bridges, yield farming, and liquid staking. To be included in the index, projects and their native tokens must meet specific qualitative and quantitative criteria. These standards include a minimum period of operation, demonstrated growth in user activity, and a reputation for security, which includes undergoing professional audits. The underlying assets must also be native to the Ethereum blockchain and maintain transparency in their tokenomics and supply schedules. The governance of the index is managed through the Reserve Protocol's ecosystem. Holders of the RSR token can vote-lock their assets to participate in the governance of the basket. These governors have the authority to propose changes to the portfolio composition and vote on updates. In return for their participation in managing the index, governors receive a portion of the fees associated with the portfolio. Overall, the DeFi Growth Index aims to simplify the process of following the broader DeFi landscape by bundling multiple emerging assets into a single token. This approach allows the index to reflect the general movement of early-stage decentralized finance innovations without requiring individual management of each constituent asset. Learn more

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