Thread by @TrustlessState

Last week, @banklessDAO and @indexcoop released the $BED Index

33.3% $BTC
33.3% $ETH
33.3% $DPI

I think the $BED index will be the best performing index of all time 📈🚀

🧵here's a thread on why👇

The $BED Index is an asset that tracks the #bankless thesis:

Non-sovereign SoV monies and permissionless financial applications are the👏entire👏point👏of the crypto revolution

The $BED index gives you precise, upside exposure to this new paradigm

$BTC and $ETH are the *only* crypto-monies that this industry has.

In order to be a crypto-money, you must be:
- A layer 1 asset
- decentralized, trustless, permissionless
- credibly neutrality in monetary policy

No other assets check these boxes.

It's likely that no other asset will *ever* become a crypto-money

Everyone knows this industry is lucrative, so no other asset can be credibly neutral in its launch or monetary policy

Any new crypto-money will benefit privileged insiders rather than a decentralized community

Therefore, $BTC and $ETH are here to stay.

Forever.

$DPI is the 'finance' component of $BED, and it is the part of $BED that *updates* as this industry evolves

The #DeFi apps of yesterday are not the DeFi apps of today

And there are DeFi apps not even conceived yet that will likely become extremely valuable!

$DPI captures this!

$ETH has an interesting role in $BED because ETH is also an index of #Ethereum!

EIP1559 ties the Ethereum application layer to the value of $ETH, meaning that as #DeFi grows in size, $ETH becomes more scarce!

$ETH: 50% money, 50% finance

Hence, "programmable Store-of-value"

$BED gives you *equal* weighting to both crypto-money, and crypto-finance.

$BTC: Money
$ETH: Money & Finance
$DPI: Finance

$BED is 50% money and 50% finance.

$BED is the #bankless thesis, but as an asset!

Some other reasons as to why $BED is so compelling:

$BTC and $ETH and inherently long-term hold. They are the crypto-monies, and they always will be

$DPI gives you access to #DeFi, without having to do heavy research or portfolio re-weighting, also making it a long-term hold

$BED allows you to have a balanced index of three long-term hold tokens

- Gas costs for portfolio reweighting is done by others
- Portfolio simplicity because 16 assets are condensed into 1
- tax-advantaged, because you don't have to do the buys/sells to re-weight your portfolio

Due to its simplicity and the inherent nature of its long time horizon outlook, $BED will be a compelling asset for collateral in #DeFi apps!

Also, the lowest streaming fees of all Index Coop tokens!

So what are you waiting for?

Get into $BED!

Check out the $BED page on @indexcoop:
indexcoop.com/bed