Why buy one 🐝DeHive Index instead of holding separate cryptos?
Placing your funds in 🐝DeHive’s crypto-index🐝 is a good choice in terms of crypto portfolio diversification. Holding one token representing the top DeFi assets helps to reduce risk from price fluctuations and ensures a stable passive income.
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How can you benefit from entering DeHive?
First of all, holding one index is a very simple strategy that helps you to generate profit via one click. The 🐝DeHive Index is an economically sound and justified strategy that allows for portfolio diversification and provides greater security for your initial crypto portfolio.
In addition 🤩:
- While staking the Index, you are able to generate an additional profit from yield farming protocols;
- You also get the possibility to mine DHV liquidity based on your stake;
- Holding one index contributes to fewer risks of loss due to portfolio diversity;
- there is NO AMM strategy behind DeHive’s crypto-basket, so NO impermanent loss or slippage risks.
🐝Get it all in ONE💥
The DeHive crypto-index enables users to track the health of the cryptocurrency market without having to study each crypto asset or decentralized protocols separately.
The Index indicator is based on the weighted sum of prices of the underlying tokens and is revised automatically by a system of oracles implemented into the smart contracts set.
Users can acquire the cryptocurrency portfolio offered by the index or create their own 😱😱😱, thereby saving time and money! The user only needs to make a technical assessment of the index to enter the market.
In terms of low-volume holders, keeping a single DeHive Index helps to avoid the problem of requiring a minimum deposit and paying a high commission when withdrawing or swapping a chosen token.
In addition, the decentralized market creates the opportunity to generate extra profit for the user’s income. So, after wrapping funds into the 🐝DeHive Index, you can stake it within the platform and benefit from yield farming opportunities!
📊Index as the instrument for market assessment
The 🐝DeHive Index is a composite index calculated according to the price of a particular group of crypto assets. It is designed to serve as an indicator of the DeFi market’s general direction, development, and growth.
Users are able to create custom indexes within the platform, and thus the following products may reflect narrowly targeted markets. Thus, depending on the principle of the underlying tokens selected, the following indexes can reflect the dynamic of DeFi DEXes or formulate the DeFi derivatives’ group indicator.
📈Economic justification📉
Before creating a 🐝DeHive index, Blaize’s team of DeFi experts has studied the economic case for creating a decentralized index reflecting the DeFi market.
A product that combines several features simplifies financial strategy management and eliminates pain points. This is one of the reasons why indexes and funds have become so popular in the traditional centralized market.
Cryptocurrencies cover a considerably large part of the financial market and have become an increasingly popular method of raising capital. This has contributed to them attracting so much interest from CEXes, which have already released several successful cryptocurrency indexes. Look at BITW, Crypto30 or Bloomberg Index as an example.
One of the main disadvantages of those products, and those of any other centralized financial institution, is their level of dependency on third parties. In addition, when dealing with centralized structures, there is always a risk of unexpected “change of rules” or fictitious demand.
In contrast, the presence of an asset index representing the wellbeing of the DeFi market, with authentic decentralized architecture, would certainly solve this problem. The DeFi market allows for providing financial transactions within a trustless and non-custodial environment where asset prices are driven by strong supply and demand rules.
The DeHive team has built a fully decentralized crypto-index of authentic and market-regulated assets that has proven its usability and relevancy.
“The algorithmic mechanisms that we’ve used to build the first decentralized crypto index are based exclusively on proven and worthy DeFI projects.
“DeHive supports the idea of a decentralized financial system and wants to contribute by building an economically justified and authentic project like Bitcoin did.” — Sergey Onyshchenko, DeHive CEO
📍Keep a hand on the DeFi market!
The 🐝DeHive Index is a composite index calculated according to the price of a particular group of crypto assets. It is designed to serve as an indicator of the DeFi market’s general direction, development, and growth.
Users are able to create custom indexes within the platform, and thus the following products may reflect narrowly targeted markets. Thus, depending on the principle of the underlying tokens’ selected, the following indexes can reflect the dynamic of DeFi DEXes or formulate the DeFi derivatives’ group indicator.
