How to Earn Up to 280% Staking DeFi Index Liquidity by Defi Dad
Another week, another yield farming opportunity in DeFi! As gas prices have held above 100 Gwei, we’re all feeling the need to find set-and-forget yield farming strategies so today we’re going to cover a newer DeFi protocol for creating indexes on Ethereum, which offers liquidity mining rewards for simply holding the indexes.
From a traditional finance perspective, index funds are a useful type of exchange-traded-fund (ETF), as they are passively managed using preset rules that, in their typical form, assign weights to assets proportional to their market caps. Index funds allow anyone to easily increase or decrease exposure to a market by trading a single asset, and they consistently outperform actively managed funds and most individual stocks in TradFi.
We’ve all heard epic stories in crypto of “I bought X token at a few cents and now it’s up 100X” but the truth is: most people are very bad at picking tokens, stocks, etc. That’s why these new DeFi indexes are a better way to gain exposure to the upside of a newer market without having to essentially gamble as a newcomer or spend countless hours studying the markets.
In Wealth Mastery, I’ve previously covered the growth of DeFi indexes like the DeFi Pulse Index (DPI), PieDAO pies like DEFI+L or DEFI+S, and PowerPool’s indexes like PowerIndex Pool Token (PIPT). With DeFi indexes, one can hold a basket of auto-rebalancing tokens weighted by market cap, as seen with DPI boasting a $118M in market cap holding 11 DeFi related tokens vs a smaller, newer index like the PowerPool’s PIPT holding 8 tokens, split evenly at 12.5% each by weight, and just under $14M in market cap.
Indexed Finance and NDX Liquidity Mining
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