Thu, May 26, 2022
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Phuture’s head of growth expects the next tens of millions of crypto users to want “simple exposure” to decentralized finance Top assets in the index include Uniswap, Aave, Lido DAO Token and Compound Decentralized crypto index platform Phuture has launched its first product as the company looks to satisfy demand from investors seeking exposure to “blue-chip” DeFi assets.
The Phuture DeFi Index (PDI), available on the Phuture app and Bancor pools, is designed for those who have dabbled in bitcoin and ethereum and are now looking to invest beyond crypto’s two largest assets.
The launch comes as the number of DeFi users has grown about 25 times from two years ago, according to crypto data firm Dune Analytics , reaching more than 4.7 million.
“They’re looking for assets that have stood the test of time, that are non-experimental, that have revenue and users and are real businesses.” As a result, Phuture has excluded governance tokens of algorithmic stablecoins until the firm sees more evidence that they can survive multiple cycles of investor apathy and distress, he said.
Despite the growth of DeFi, the index launch comes as token prices have declined in recent months.
Founded in 2019, Phuture intends for PDI to be the first in a suite of index products, expecting continued growth in DeFi and GameFi within the next couple of years.
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