What is DeFiPulse Index?
Asset management company Set Labs has partnered with data provider DeFi Pulse to launch an index that allows investors to invest in popular DeFi tokens issued on the Ethereum blockchain. The index, which is actually a crypto token, is called the DeFi Pulse Index Set (DPI). Its basket comprises ten famous DeFi tokens, which are issued on the Ethereum blockchain. DeFi Pulse will decide which currencies to include in the index, using its key metric - Total Value Locked (TVL). The latter shows how much funds are blocked in the blockchain for the needs of a particular project. The DPI index is already traded on Set Labs' trading platform - TokenSets, as well as on the Uniswap dEx. DPI is only available to retail traders on trading platforms, but institutional traders will be able to buy the token right by putting money into Set Protocol.