Phuture Finance co-founder Charles reviewed three on-chain index protocols: Phuture, Index, and Alongside. He believes that the narrative around crypto indices is still in its very early stages, but he is optimistic about the development of this track and on-chain service providers.
Phuture Finance’s products include: Phuture DeFi Index (PDI), the largest on-chain index by asset size; Colony Avalanche Index (CAI); and USCDC Savings Vault (USV). All Phuture products have the characteristics of being on-chain, fully collateralized, and permissionless. The Phuture team is developing Phuture 2.0, a non-custodial cross-chain asset management platform based on LayerZero, which unlocks the cryptocurrency market through a single token.
I believe Index Coop is one of the best-run DAOs. Index Coop has created various indices and on-chain products, including the DeFi Pulse Index (DPI), Bankless BED Index (BED), Metaverse Index (MVI), and some products related to ETH. I expect them to perform well in the next bull market.
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Alongside builds its products around Coinbase, and all index funds are hosted by Coinbase. Their only product is the Alongside Crypto Market Index ($AMKT). In summary, the narrative of crypto indices is still in its early stages, but it is one of the biggest opportunities I see. I am bullish on on-chain service providers and DYOR.
Reference: https://twitter.com/c_storry/status/1660943110468141056
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