The DeFi Basket invests in digital cryptocurrencies that are primarily focused on decentralized financial applications. These cryptocurrencies provide traditional financial products without the use of an intermediary. DeFi projects can include exchanges, lending, derivatives, savings accounts, and many more.
Lower Risk*
*This risk level is only factoring in the risk of the digital assets.
AAVE
40%
COMP
40%
UNI
20%
November 1, 2022
Three governance tokens focused on decentralized finance (DeFi)
Adjusted the first day of each calendar quarter
Portfolio rebalancing will be performed at the end of the calendar quarter to bring allocations back to specified percentages. In the interim portfolio allocations will be subject to market volatility due to price movements.
Lower Risk*
*This risk level is only factoring in the risk of the digital assets.
The DeFi Basket invests in digital assets that are primarily focused on decentralized financial applications. These assets provide traditional financial products without the use of an intermediary. DeFi projects can include exchanges, lending, derivatives, savings accounts, and many more.
Aave is a DeFi protocol offering depositors and borrowers a platform for decentralized crypto loans with high liquidity. Aave is open source, meaning anyone can see, use, implement, or modify the original source code. It is also a non-custodial protocol, which means the Aave platform itself never holds or otherwise possesses your cryptocurrency cryptocurrencies. Lastly, it is a liquidity protocol, which means that the platform enables both depositors and borrowers to tap into a massive global network of liquid cryptocurrencies.
Aave (AAVE) is a governance token with the supply capped at 16 million tokens. 3 million were allocated to the protocol’s reserves. Prior to 2020, AAVE was named LEND, but then began to transition in October of 2020. As part of the transition, 100 LEND tokens were swapped for 1 AAVE.
Compound is an autonomous, algorithmic interest rate protocol built and used by developers within various financial applications. COMP leverages multiple cryptocurrencies to enable crypto lending and borrowing without a bank or other financial institution. It allows users to deposit cryptocurrency into interest-earning lending pools for access by borrowers.
Compound (COMP) is a governance token, where the supply is capped at 10 million tokens. 42% of the supply will be distributed to users of the platform linearly starting in June 2020 and spanning four years until June 2024.
Uniswap (UNI) is yet another governance token. The supply is set at 1 billion tokens distributed over a four year period. After the four year period, there will be a perpetual inflation rate of 2% per year.
This Basket contains the two most recognized cryptocurrencies, Bitcoin and Ethereum.
This basket contains cryptocurrencies that have large market capitalization, a strong track record of adoption, and have an established history.