i sincerely believe $NDX might be the most undervalued project in DeFi at this point
we're talking about a project with $33m AUM a market cap of $9m and a FDV of $26m
that's lower than the pre-seed valuations some projects without any product or traction raise at!!
we're talking about a project with $33m AUM a market cap of $9m and a FDV of $26m
that's lower than the pre-seed valuations some projects without any product or traction raise at!!
but @ndxfi is far from not having any traction
it's consistently at the second spot of protocols in the index sector which, if you're bullish on DeFi, should grow a lot
some of it's competitors have valuations of over $200m with less assets under management..
it's consistently at the second spot of protocols in the index sector which, if you're bullish on DeFi, should grow a lot
some of it's competitors have valuations of over $200m with less assets under management..
@d1ll0nk is a genius builder that consistently ships products that differentiate indexed from it's competition
his latest product: Nirn, a yield aggregator that dynamically shifts assets to whichever lending protocol pays the best interest rate
his latest product: Nirn, a yield aggregator that dynamically shifts assets to whichever lending protocol pays the best interest rate
https://twitter.com/ndxfi/status/1423619630007037952?s=20
soon assets in DEFI5, CC10 etc. will be placed in Nirn to provide additional yield to index holders
this will contribute to their performance and make these indices the best way for users to get passive exposure to DeFi
this will contribute to their performance and make these indices the best way for users to get passive exposure to DeFi
https://twitter.com/ndxfi/status/1425408004871139330?s=20
"buy one token and get exposure to the price appreciation of blue-chip tokens AND get the highest yield accross DEFI on those assets at the same time"
not a bad value proposition imo
+ 0 management fees
+ best performance
not a bad value proposition imo
+ 0 management fees
+ best performance
https://twitter.com/litocoen/status/1423242588555972615?s=20
atm @d1ll0nk is working on the next feature: $NDX staking
$NDX holders will be able to stake their tokens and earn revenue of the protocol.. in $ETH
revenue = burn fees when index tokens are redeemed for underlying (mostly arbitrageurs) + performance fees collected by Nirn
$NDX holders will be able to stake their tokens and earn revenue of the protocol.. in $ETH
revenue = burn fees when index tokens are redeemed for underlying (mostly arbitrageurs) + performance fees collected by Nirn
recently @ndxfi has entered a partnership with @BalancerLabs which has been impressed by the success of indexed.finance
- NDX received a grant of $150k
- Balancer to deploy $NDX pools and others on @arbitrum
- Indexed migrates to Balancer V2
- NDX received a grant of $150k
- Balancer to deploy $NDX pools and others on @arbitrum
- Indexed migrates to Balancer V2
https://twitter.com/fcmartinelli/status/1432274081710235650?s=20
- $BAL + $NDX liquidity mining on indices
- Balancer helped @ndxfi get an audit by @CertoraInc for Nirn
- joint research projects (below)
& a lot more but tldr; the balancer team are chads and they have realized that there are huge synergies between the two projects
- Balancer helped @ndxfi get an audit by @CertoraInc for Nirn
- joint research projects (below)
& a lot more but tldr; the balancer team are chads and they have realized that there are huge synergies between the two projects
Also coming end of September: an integration into @argentHQ's new L2 @zksync account
200k people on the waitlist will be able to buy DEFI5 with almost 0 gas fees and at lightspeed
@ndxfi is the only index project chosen by Argent
200k people on the waitlist will be able to buy DEFI5 with almost 0 gas fees and at lightspeed
@ndxfi is the only index project chosen by Argent
https://twitter.com/litocoen/status/1423242588555972615?s=20
btw @laurence_e_day is just as important to the project being the mastermind behind all the research, project management and community management
he has a PhD in theoretical computer science and worked in tradfi + intel but he calls himself the janitor 😂
he has a PhD in theoretical computer science and worked in tradfi + intel but he calls himself the janitor 😂
i also can't wait to see how they will integrate structured products into the protocol
imagine buying DEFI5 and automatically buying puts that protect your downside 🤯
oh yeah and best liquidity for $NDX is on @Bancor
coingecko.com/en/coins/index…
imagine buying DEFI5 and automatically buying puts that protect your downside 🤯
oh yeah and best liquidity for $NDX is on @Bancor
coingecko.com/en/coins/index…
linked wrong tweet above
meant to link an argent tweet ofc
meant to link an argent tweet ofc
https://twitter.com/argenthq/status/1435637539956736001
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