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Difference between revisions of "Indexed Finance"
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Founded in December 2020, '''Indexed Finance''' is a DeFi project that uses weighted pools to replicate index funds as seen in traditional finance.<ref>https://docs.indexed.finance/</ref> Index pools are managed by the protocol's governance token NDX. Anyone in the Indexed community who owns at least 1 NDX can create a proposal. On October 14th 2021, Indexed was exploited for $16m from their indices DEFI5 and CC10.<ref>https://etherscan.io/address/0xba5ed1488be60ba2facc6b66c6d6f0befba22ebe</ref><ref>https://ndxfi.medium.com/indexed-attack-post-mortem-b006094f0bdc</ref> | Founded in December 2020, '''Indexed Finance''' is a DeFi project that uses weighted pools to replicate index funds as seen in traditional finance.<ref>https://docs.indexed.finance/</ref> Index pools are managed by the protocol's governance token NDX. Anyone in the Indexed community who owns at least 1 NDX can create a proposal. On October 14th 2021, Indexed was exploited for $16m from their indices DEFI5 and CC10.<ref>https://etherscan.io/address/0xba5ed1488be60ba2facc6b66c6d6f0befba22ebe</ref><ref>https://ndxfi.medium.com/indexed-attack-post-mortem-b006094f0bdc</ref> | ||
== History == | == History == | ||
The beta for Indexed launched on December 25th, 2020.<ref>https://ndxfi.medium.com/introducing-indexed-finance-ndx-5d91137bde29</ref> Staking for the NDX governance token began on December 28th.<ref>https://ndxfi.medium.com/how-to-mint-and-stake-index-pool-tokens-5c21a08706ce</ref> | The beta for Indexed launched on December 25th, 2020.<ref>https://ndxfi.medium.com/introducing-indexed-finance-ndx-5d91137bde29</ref> Staking for the NDX governance token began on December 28th.<ref>https://ndxfi.medium.com/how-to-mint-and-stake-index-pool-tokens-5c21a08706ce</ref>[[File:Indexed logo.png|thumb|463x463px|Indexed Finance logo]]The DEFI5 (DEFI Top 5) and CC10 (Cryptocurrency Top 10) indices launched on January 17th, 2021.<ref>https://www.coingecko.com/en/coins/defi-top-5-index</ref><ref>https://www.coingecko.com/en/coins/cryptocurrency-top-10-index</ref> | ||
The DEFI5 (DEFI Top 5) and CC10 (Cryptocurrency Top 10) indices launched on January 17th, 2021.<ref>https://www.coingecko.com/en/coins/defi-top-5-index</ref><ref>https://www.coingecko.com/en/coins/cryptocurrency-top-10-index</ref> | |||
On February 12th, Indexed reached a peak TVL of $71.42m.<ref>https://defillama.com/protocol/indexed-finance</ref> | On February 12th, Indexed reached a peak TVL of $71.42m.<ref>https://defillama.com/protocol/indexed-finance</ref> | ||