CryptexTCAPDPIDeFi Pulse Index

TCAP StackUp: DeFi Pulse Index (DPI)

Updates as of 11/1/2021: DPI consists of a fixed basket of 18 tokens and a market cap of $204.64m. TCAP has a market cap of $9.45m.

Does the sheer number of different cryptocurrencies make your head spin? Or perhaps keeping track of the taxable events while rebalancing your portfolio and having to shell out for gas fees has you down? Enter crypto index tokens: offering broad crypto exposure, savings on gas fees, and automatic rebalancing - all to make your investing journey easier. However, as always in crypto, there's more than one option to choose from; let's dig into the popular DeFi Pulse Index (DPI) and Total Crypto Market Cap Token (TCAP) to see how they stack up.

DPI-TCAP StackUp

DPI-TCAP StackUp

StackUp Verdict

DPI & TCAP each come with their own strengths to consider:

  • Are you new to crypto and unsure which tokens to buy, but believe in the long-term growth of the crypto asset class and want broad exposure to it? - TCAP might be for you.
  • Do you already have an established crypto portfolio and are just looking to specifically round out your DeFi exposure? - DPI could be a good option to consider.
  • Or perhaps you've called the top of the bull market and you want to open up a short position? - Both DPI and TCAP's minting capabilities offer this to advanced users.

Certainly there are other considerations to keep in mind for your particular situation as well. But when you're evaluating index token options, whether they be DPI, TCAP or something else, keep these key considerations in the back of your mind. Don't forget to stay tuned into Cryptex for more index token StackUps.

About the Tokens

DeFi Pulse Index (DPI)

The DeFi Pulse Index, by IndexCoop, is a digital asset index designed to track tokens’ performance within the Decentralized Finance industry. Built on TokenSets, the index is weighted based on the value of each token’s circulating supply. The DeFi Pulse Index aims to track projects in Decentralized Finance that have significant usage and show a commitment to ongoing maintenance and development.

DPI rebalances monthly with the latest allocation holding 16 tokens: UNI, AAVE, MKR, SUSHI, and COMP accounting for about 70% of the current index holdings. For more information, visit https://www.indexcoop.com/dpi.

Total Cryptocurrency Market Capitalization (TCAP)

Total Crypto Market Cap Token (TCAP), by the Cryptex team, is designed to give investors accurate, real-time price exposure to the total capitalization of the cryptocurrency market via a single, synthetic asset. Data from a number of oracles is aggregated in order to establish a total market cap median value, which is then bridged on-chain through an audited Chainlink Smart Contract.

TCAP rebalances in real-time and by design includes everything: DeFi, DeFi Indexes, Stablecoins, Governance Tokens, Asset-back tokens, and wrapped tokens. For more information, visit https://cryptex.finance/.

DISCLAIMER: Any views expressed in this post represent the sole analysis of Cryptex, (“Cryptex”) whose opinions are based solely on publicly available information. No representation or warranty, express or implied, is made as to the accuracy or completeness of any information contained herein. Cryptex expressly disclaims any and all liability based, in whole or in part, on such information, any errors therein or omissions therefrom. Cryptex also reserves the right to modify or change its views or conclusions at any time in the future without notice. Cryptex is an open-source, fully decentralized protocol. Cryptex is NOT an ICO. No sale has been solicited. The information contained in this post DOES NOT recommend the use of any Cryptex token, nor is it an offer to sell, a solicitation, or an offer to buy any Cryptex tokenized asset. Furthermore, CTX token rewards governing the protocol are granted by Cryptex to system providers with a value of ZERO. Always do your own research. The information contained in this post is not intended to be, nor should it be construed or used as, investment advice. No representation, recommendation, or warranty, express or implied, is made as to the future performance or functionality of any Cryptex token. Any unaffiliated use of this document, or the contents herein, is strictly prohibited without the prior written consent of Cryptex.

CRYPTEX IS A FAIR LAUNCH PROTOCOL

  1. NO ICO
  2. NO VC FUNDING
  3. NO PRE-SALE
  4. CTX TOKENS ARE REWARDED AND ARE NEVER PURCHASED FROM CRYPTEX.
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