$98,718.00
0.62%$3,469.36
4.77%$8.35
34.54%$262.27
2.47%$674.12
8.18%$1.58
9.11%$0.460764
15.06%$1.13
24.09%$0.999541
-0.11%$3,464.98
4.58%$0.219946
10.41%$42.81
10.33%$0.0000275
11.15%$6.23
13.70%$4,106.05
4.93%$98,334.00
0.73%$0.470815
57.99%$17.58
15.94%$535.31
11.11%$3.64
3.41%$3,464.56
4.68%$0.00002187
7.49%$8.60
-2.46%$6.45
14.85%$103.19
14.36%$12.99
9.51%$10.82
14.49%$3,649.97
4.72%$0.152949
16.36%$11.59
17.18%$0.197875
6.18%$0.999849
1.19%$0.578512
26.56%$30.47
10.39%$8.06
12.38%$0.161936
9.46%$539.87
10.02%$0.00005092
1.60%$1.002
-0.33%$1.42
14.93%$0.866126
8.03%$0.04394216
35.40%$24.65
-0.18%$3.52
11.57%$3.75
1.51%$8.33
17.01%$5.31
14.39%$2.12
12.01%$51.86
14.12%$163.89
3.18%$0.876393
3.66%$2.28
3.25%$28.89
17.62%$6.58
19.07%$182.08
10.77%$1.61
19.11%$0.00026142
4.87%$0.302932
29.68%$0.884832
26.64%$0.252994
18.21%$0.538575
13.31%$0.998465
-0.69%$1.57
6.26%$3,455.88
4.59%$5.90
13.21%$1.95
16.26%$0.662555
11.47%$3,835.52
3.98%$6.13
0.47%$0.178806
13.25%$3,629.18
4.58%$2.40
10.51%$98,701.00
0.84%$1.18
7.37%$1.089
11.89%$0.427852
7.62%$1.58
5.44%$3,562.68
4.93%$105.20
23.85%$98,318.00
0.75%$1,729.26
5.79%$22.49
28.40%$72.55
8.90%$11.07
10.16%$325.29
2.91%$0.03416406
20.94%$11.38
3.32%$0.576617
26.33%$0.00000137
19.05%$0.836106
17.58%$1.26
6.64%$0.02384304
13.83%$0.0234321
5.36%$0.584316
11.17%$1.36
11.70%$0.791374
15.42%$1.17
8.32%$0.0235285
18.16%$6.20
12.75%$277.25
2.60%$98,460.00
0.84%$0.00000271
3.47%$3.16
0.17%$14.81
12.46%$6.79
17.84%$1.47
14.51%$3,451.12
4.35%$0.176165
12.14%$36.69
23.19%$1.44
11.19%$0.415231
18.50%$4.01
8.37%$98,525.00
0.73%$97,810.00
0.66%$12.10
4.70%$0.462189
15.38%$0.849757
15.75%$0.511814
22.47%$1.031
7.70%$1.30
13.49%$0.00004708
8.15%$0.926126
6.96%$5.51
10.08%$267.15
2.90%$3,554.86
4.04%$0.01027437
5.81%$1.39
5.93%$0.744785
12.74%$40.27
9.56%$0.00809437
13.43%$0.00192474
9.95%$0.053896
16.77%$0.173228
13.40%$0.087105
15.90%$0.221927
24.01%$1.001
0.19%$0.00757328
4.33%$49.70
11.27%$0.26833
16.84%$277.91
6.37%$3,452.82
4.49%$20.94
8.71%$2.20
8.89%$0.00997907
7.48%$0.806165
13.06%$2.05
13.98%$1.48
15.01%$0.100078
23.06%$3,456.40
4.36%$2,718.53
0.28%$0.00012127
7.51%$2.24
15.52%$0.995223
-0.61%$0.01430016
10.85%$3,761.09
4.97%$0.168764
10.21%$1.38
13.44%$0.495034
13.22%$0.203278
11.48%$0.290699
16.75%$65.84
23.23%$33.22
3.70%$1.60
14.55%$3,478.53
5.31%$0.574716
12.21%$0.99908
-0.39%$0.075863
16.60%$0.00809649
7.06%$98,701.00
1.52%$1.10
6.34%$0.509764
12.39%$2.26
15.23%$0.584126
13.45%$2,732.89
0.92%$0.00000025
7.91%$0.079913
-0.41%$98,466.00
0.41%$3,441.48
4.06%$2.75
10.66%$0.00000052
9.09%$32.37
51.24%$8.84
6.00%$3,471.14
4.99%$98,531.00
0.87%$0.00145202
-1.80%$0.999507
-0.30%$0.483822
-0.60%$0.073118
11.35%$0.374727
11.06%$3.65
1.16%$3.94
3.40%$0.02463052
17.60%$0.251776
15.75%$1.12
14.70%$0.00865517
15.25%$0.482936
4.28%$3,713.53
4.76%$0.0145211
12.29%$0.810998
14.19%$0.457019
6.06%$4.00
11.65%$8.88
15.39%$3,452.55
4.35%$1.053
-0.65%$0.00244166
16.39%$2.09
12.60%$1.041
8.31%$0.998756
-0.48%$3,628.60
4.75%$11.90
13.85%$1.99
12.86%$49.99
9.81%$0.610592
11.29%$0.99877
-0.13%$0.04435048
7.37%$0.234024
18.64%$0.00511695
11.02%$34.23
18.92%$0.416273
5.51%$3.80
9.67%$6.66
1.72%$0.996492
-1.29%$0.475977
8.95%$3.80
15.52%$96.51
-1.22%$0.00
13.93%$1.061
-0.22%$3,823.82
4.92%$0.03960676
18.89%$1.026
20.47%$0.386145
9.67%$0.340879
2.46%$1,984.37
0.81%$0.25623
17.40%$3,679.65
4.84%$0.03906718
-4.06%$0.00648867
8.92%$98,675.00
0.93%$0.717112
10.86%$0.909623
6.05%$0.02517984
12.70%$0.998496
-0.23%$1.42
7.48%$4.65
1.38%$0.03652185
9.01%$0.02100399
9.49%$0.653826
4.48%$0.357621
24.50%
Hopping onboard the decentralized finance (DeFi) bandwagon, Binance has unveiled an index comprised of ten several popular DeFi tokens, allowing users to gain exposure to the flourishing sector via perpetual contracts.
Among Binance's novel index sits Band Protocol, Compound, Kava.io, Aave, Chainlink, Maker, Synthetic Network Token, 0x, Swipe, and Kyber Network.
#Binance Futures Launches DEFI Composite Index Perpetual Contract With Up to 50x Leverage
Long or short the #DeFi market, all in one contract.
Trade #DEFIUSDT. Trade the trend.
🔊 Sound on.
— Binance (@binance) August 26, 2020
Listed on Binance futures, the perpetual contracts will be dominated and paid out in USDT, providing leverage of up to 50x.
"Binance Futures has been at the forefront of developing new products for users, and we now offer nearly 50 futures pairs, the most in the market by quantity and variety, said Aaron Gong, VP of Binance Futures, adding, "Response to our range of DeFi derivatives has been continuously positive and it is clear that there is growing demand. We are excited to offer the USDT DeFi Index that enables users to more easily access DeFi and further diversify how they trade."
Much like the traditional futures contract, perpetual contracts track the underlying price performance of an asset. As such, users aren't directly exposed to the underlying DeFi tokens but rather to the indices' aggregate performance. One major difference between futures and perpetual contracts is that perpetual contracts—as their name suggests—have no expiry or settlement date.
The DeFi index, and its average weighted price, will be rebalanced each week via Coinmarketcap, reflecting changes in both capitalization and volume among other market conditions. This, Binance says, will help capture the quickly shifting trends of the DeFi sector.
While Binance futures already facilitates the trading of individual DeFi tokens, this marks the first DeFi-centric index on the platform.
The Defi sector has gone from strength to strength since its inception, capturing a total of more than $7 billion in investor value, according to DeFiPulse—a massive $6.3 billion of which has been accumulated this year alone. One token alone, Aave, is up 20,000% in the last year alone.
With DeFi expanding at breakneck speed, it's no surprise that Binance is attempting to capitalize further on the sector.
