Launch Notice of The BNC-BTSE DeFi Index
Brave New Coin is launching the BNC-BTSE DeFi Index (BBDX) according to the initial constituent weights attached.
The launch date has been set for Wednesday, September 30th, 2020 at 08:00 am (UTC), with an index base value of 100.
Constituents were chosen on September the 11th by selecting the 10 largest eligible assets by free-float market capitalization. Constituent weights were also determined by free-float market capitalization and where necessary, weights were capped based on the index cap of 25% and subjected to a minimum turnover requirement of 10 basis points.
Initial constituent weights:
| Ticker | Name | Weight (%) |
|---|---|---|
| LINK | ChainLink | 25.00 |
| LEND | Aave | 18.30 |
| AAVE | Synthetix Network Token | 13.48 |
| COMP | Compund Governance Token | 8.65 |
| MKR | Maker | 8.32 |
| ZRX | 0x | 7.09 |
| LRC | Loopring | 5.79 |
| KNC | Kyber Network Crystals | 5.14 |
| SXP | Swipe | 4.41 |
| BAND | Band Protocol | 3.82 |
Please see the below public release for full details on this announcement.
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