Data company DeFi Pulse and investment-minded Set Protocol have created a permissionless index of the very best DeFi tokens, called the DeFiPulse Index.
DeFi Pulse has become the key source of information for assessing which projects are leading and which ones are rising, judged by the total amount of crypto staked on each one, which the company calls Total Value Locked (TVL).
“We want a way that people can get exposure to DeFi without having to go and buy every token individually, because that costs a lot of gas,” Scott Lewis of DeFi Pulse told CoinDesk in a phone call.
Ethereum users can now get exposure to a curated set of DeFi projects by buying one token, called DPI, available now on Uniswap: No staking, rebasing, swapping or composing required. It will also be available on Set’s TokenSets, through Zapper, Argent, Dharma and others.
Read more: Why DeFi Pulse’s Key Metric Is So Simple It’s Confusing
While there have been questions about the underlying value in the DeFi market, Lewis pushed back.
“Decentralized finance is infrastructure to enable human coordination. Traditional finance is also infrastructure to incentivize human coordination, and when humans work together it produces value,” Lewis said. “It’s still early, we still have to
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