Top Crypto Exchange Coinbase Extends Altcoin Listing Spree, Supporting Two Ethereum-Based Altcoins

Badger

The DPI token’s price has crashed more than 64% in six weeks.

BADGER, the governance token of Ethereum-powered Bitcoin yield protocol, BadgerDAO, will be included in Index Coop’s DeFiPulse Index (DPI) token from August.

Index Coop announced the news on June 26, noting BADGER’s inclusion would be pushed back by one month due to prioritizing other upgrades.

Slight Correction

DeFi Pulse Index has added $BADGER to the methodology.

However, it will not be included in this month's $DPI rebalance due to the necessity to add support for a wBTC pair to our rebalancing operations.$BADGER will be added to next month's rebalance.
— Index Coop (@indexcoop) June 25, 2021

The DPI token is a market cap-weighted index spanning the 10-most popular Ethereum-based DeFi tokens listed on decentralized finance data aggregator, DeFiPulse.

The DPI index token rebalances on the first day of every month, adjusting allocations according to supply and price data provided by CoinGecko. Tokens will not be allocated a weighting higher than 25% during rebalancing.

As of this writing, UNI has the largest allocation in the DPI Index with roughly 26.5%, followed by AAVE with 18.4%, MKR with 13.5%, and COMP with 9.3%.

SUSHI, YFI, and SNX each have allocations of between 7% and 8.6%, while LRC, REN, KNC, and BAL are weighted between 1.2% and 2.4%. CREAM, FARM, and MTA represent less than 1% of the index each.

The index excludes wrapped tokens, synthetic assets, tokenized derived, tokens that are tied to physical assets, and tokens that represent ownership claims to other tokens.

DPI has shed nearly two-thirds of its value over roughly six weeks, tanking from a May 12 all-time high of $656.49 to last change hands for $234.

Despite suffering a heavy drawdown amid the recent crypto market crash, DPI is still up more than 300% from its November 2020 low of $57.20.

Index Coop