DPI (https://www.indexcoop.com/dpi) is a DeFi index constructed by DeFi Pulse and the Index Coop. DPI imo is the best defi index created thus far and has a dedicated community behind it thinking deeply about construction and rebalancing. Notably index coop indices doesn’t suffer the issue where 1 token going to 0 brings the whole index to 0.
In traditional finance index futures are hyper liquid, with the ES trading >$100b daily. A DPI future allows traders to get levered exposure to DeFi as a vertical. The only comparable product in the space is FTX’s DEFI-PERP that does good volume ($13m today), but the DPI index differentiates across a couple axis imo
- Uniswap DPI/ETH Liquidity $35m
- Uniswap DPI/ETH 24hr Volume $3m
- Very heavy DeFi native holder base