Bankless DAO introduced new partnership with Index Coop

Bankless DAO presented last Friday, July 23, through its Twitter account, its new partnership with Index Coop. According to the company, it is an equal weight index of $BTC, $ETH and $DPI, which makes it the most convenient way for “your friends and family to invest in cryptocurrencies”.

Image about Bankless DAO’s post on Twitter.

“Index Coop is on a mission to make cryptocurrency investing simple, accessible and safe for everyone. The purpose of Bankless DAO is to drive adoption and awareness of non-bank money systems. With those shared values ​​in mind, we are very excited to announce the Bankless BED Index ($ BED), powered by the Index Coop. The BED Index offers anyone, anywhere, passive exposure to the most promising crypto investment topics. BED, which stands for Bitcoin, Ethereum, and DeFi, captures the advantages of the three most invertible crypto themes: digital gold, programmable money, and decentralized finance. The index will be represented by a fully guaranteed ERC20 token and will be available for purchase on Uniswap v3, Index Coop and TokenSets”, he said through an article published on the Medium platform.

Why buy the Bankless BED Index?

The company explained that the BED Index offers a one-click set and forget option to expose yourself to the best crypto topics, buying quality and filtering noise.

In his view, new investors in crypto today are often overwhelmed by the number of coins and tokens available to invest. As an index that includes the most established cryptocurrencies and tokens, the BED index allows users an inexpensive way to maintain high-quality crypto assets with regular diversification.

Also read: Orion Protocol: update on Orion Pool

Main benefits of using BED

Simplicity: BED offers 1-click setup and forget crypto exposure.

Risk management: The volatility of individual crypto asset classes is offset by holding an index. Monthly rebalances prevent concentration.

Profitability: low transmission rate, reduced gas costs and efficient fiscal rebalancing.

Transparency – The index follows a set of transparent rules to evaluate tokens for inclusion and removal.

1 comment

Comments are closed.

Related Posts