Ability for individual users to create their own indexes based off the assets they wish to see in them.
New index sites are popping up daily, and Indexed Finance needs something that sets them apart besides the growth rate of the current indexes, Defi5 and CC10. If individual users could create indexes for themselves, it would allow anyone to invest in any index made up of any tokens. For example, if a specific user wanted to invest in Wrapped Ethereum, Chainlink, and Uniswap, they could create an index consisting of those three tokens. That way, they could get the exposure of those tokens that they want without having to individually buy each one, or invest in a current index like cc10 and have exposure to other tokens as well. They could set custom weighting for each token in the index as well to get the proportions they want to see.
- Must consist of at minimum 3 tokens, maximum of 20.
- Balanced Weighting, maximum 50% weight given to one token, minimum of 5%.
- Tokens present in the indexes must at minimum have 1 million market cap.
Requirements to Create an Index:
- Must hold at minimum 10 $ndx. Drives value and and a use case to the token as without holding it not possible for someone to make the index they wish.