OpenDelta GMCI30Price

(OG30)

OpenDelta is a decentralized finance protocol designed to facilitate the creation of blockchain-based indices and structured products. Its primary goal is to simplify investment in the digital asset market by providing users with diversified exposure through single tokens. The protocol functions as both a technology layer and a regulatory framework for on-chain indices. The OG30 token is a key product of the OpenDelta protocol. It is a tokenized index that tracks the performance of the top 30 digital assets by market capitalization. This product is developed using the GMCI30 methodology provided by GMCI, a regulated index provider. The index is designed to act as a benchmark for the broader cryptocurrency market, similar to how the S&P 500 functions for traditional stocks. The underlying assets of the OG30 token are intended to be held in a one to one ratio and include major cryptocurrencies such as Bitcoin, Ethereum, and Solana. To ensure the index remains accurate and effective, it undergoes monthly rebalancing. This process involves automatically removing underperforming assets and reallocating weight to stronger ones. The protocol uses a hybrid infrastructure that combines on-chain tokenization with off chain custody solutions. Assets are secured using multi party computation and institutional grade custodians. Initially launched on the Solana blockchain, the OG30 token is fully composable, meaning it can be integrated into various decentralized applications. Users have the option to stake their tokens to earn rewards. These rewards are generated from the productive use of the underlying assets in the basket, such as through lending and staking of the individual components. OpenDelta has established partnerships with key industry players, including the market making firm Wintermute and the index provider GMCI. The project is supported by several venture capital firms and notable figures in the blockchain space, including the co-founder of the Solana network. The protocol also features an engagement program to reward early community involvement and participation in the ecosystem. Learn more

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