BADGER, the governance token of the Ethereum-powered Bitcoin yield protocol BadgerDAO, will be included in Index Coop’s DeFiPulse Index (DPI) token from August.
Index Coop announced the news on June 26, noting that the inclusion of BADGER would be postponed for a month due to the prioritization of other upgrades.
DeFi Pulse Index added $ BADGER to the methodology.
However, it will not be included in this month’s $ DPI rebalance as we need to add support for a wBTC pair to our rebalancing operations. $ BADGER will be added to the rebalance next month.
– Index Coop (@indexcoop) June 25, 2021
The DPI token is a market capitalization weighted index that includes the 10 most popular Ethereum-based DeFi tokens listed on the decentralized financial data aggregator DeFiPulse.
The DPI index token is rebalanced on the first day of each month and the allocations adjusted according to the offer and price data provided by CoinGecko. Tokens are weighted no more than 25% during rebalancing.
At this point in time, UNI has the largest allocation in the DPI index with around 26.5%, followed by AAVE with 18.4%, MKR with 13.5% and COMP with 9.3%.
SUSHI, YFI and SNX each have an allocation between 7% and 8.6%, while LRC, REN, KNC and BAL are weighted between 1.2% and 2.4%. CREAM, FARM and MTA each make up less than 1% of the index.
The index excludes packaged tokens, synthetic assets, inferred tokens, tokens that are tied to physical assets, and tokens that represent ownership of other tokens.
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DPI has lost nearly two-thirds of its value in about six weeks, rising from an all-time high on May 12 of $ 656.49 to its most recent change of ownership for $ 234.
Although the DPI suffered a sharp decline during the recent crash in the crypto market, it is still more than 300% higher than its November 2020 low of $ 57.20.