State of the Index Report — FFF

FFF Synopsis:

FFF is a new-to-crypto investing option, providing a stable 20% exposure to both BTC and ETH while offering dynamic exposure to large and mid-cap DeFi protocols all from a single token. FFF offers the broadest DeFi exposure currently available with over 22 major projects in the index. FFF is a simple and gas-efficient way to diversify your portfolio outside of a centralized exchange. (Indexed.Finance).

Current Constituents:

DEFI5 — 25% — $416,852 — Large-Cap Ethereum DeFi Protocols

DEGEN — 23% — $390,131 — Low-Cap Higher Risk/Reward Protocols

wBTC — 20% — $338,544 — ERC-20 Wrapped Bitcoin

wETH — 20% — $338,410 — ERC-20 Wrapped Ethereum

CC10 — 12% — $196,979 — Highly Rated Medium/Large-Cap Ethereum Protocols

FFF Token Distribution Full Breakdown

Performance:

Token Price: $116.00 +41% (1mo)

Current TVL: $1.7M +34% (1mo)

Trading Volume: $32K (7d avg)

Burn Fees Collected: 42.84 FFF — $4941.59

Latest News:

wBTC:

• Fidelity Investments releases an “Understanding Bitcoin” report for August. The report documents Bitcoin's performance and risk/reward ratio versus gold, fiat, and other traditional assets. Source
• Indexed Finance launches its wBTC Nirn yield-aggregating vault. The vault dynamically rebalances wBTC across the highest APR lending protocols to earn you the best returns without you having to lift a finger. Source
• In the SEC’s latest filing, Morgan Stanley has reportedly increased its indirect Bitcoin exposure by acquiring 1 million Grayscale Bitcoin Trust shares. At the time of filing, the purchase equates to around $40 million in Bitcoin exposure. Source
• Microstrategy, the world’s largest corporate Bitcoin holder, purchases another 3,907 BTC according to their latest SEC filing. The purchase totals $177 million and brings their total Bitcoin holdings up to 108,992 BTC, currently worth $5.3 billion. Source
• BTC 180d Performance:

wETH:

• Ethereum completes its London hard fork which implements the much-anticipated EIP-1559 gas-burning mechanism. EIP-1559 makes gas prices more predictable by introducing a “base fee” which helps wallets anticipate the next block’s transaction fee. This improvement does not reduce the cost of transactions but is designed to reduce fluctuations in gas prices. Source
• ETH burned since EIP-1559’s implementation totals over 121,000 ETH or $393 million at current. Source
• The Ethereum network experienced a chain-splitting event due to a bug in an older version of the Geth network client. The bug was fixed in the Geth client version 1.10.8, but some miners had not updated their clients to the latest version causing the split. The majority of miners were on the latest version so there were no major repercussions, however, Flexpool, BTC.com, and Binance had not updated at the time of the exploit. Source
• Metamask, Ethereum’s most popular wallet, has stated they are interested in creating a utility token for their ecosystem. The team is looking to further decentralize through a community-owned utility-based crypto-token, but that no details are available at this time other than they may airdrop tokens at launch. Source
• The Ethereum Foundation receives a $1.5 million donation to fund development and support client teams. The donations come from DeFi projects Compound, Synthetic, Uniswap, Lido Finance, The Graph, and Kraken. Source
• ETH 180d Performance:

DEFI5:

• DEFI5 is an index of the most successful high capitalization Ethereum projects with a focus on lending and borrowing protocols that power decentralized finance applications. Source
• DEFI5 currently contains UNI, AAVE, COMP, MKR, CRV, and SNX.
• SNX is being phased out and will remain on the reserve list.
• DEFI5 has a reserve list of the following projects: YFI, KNC, ZRX, and SNX.
• A proposal to add SUSHI to the candidate list is currently active and open to voting. Source
• The current total value locked for DEFI5 is $14 million.
• DEFI5 180d Performance:

DEGEN:

• DEGEN is an index of high-risk high-reward projects that have been curated by the Indexed Finance community. Source
• DEGEN currently contains 1INCH, RSR, REN, ALPHA, OCEAN, MIR, BADGER, POLS, CRV, RGT, and WOO.
• There are currently no tokens in the reserve list.
• The current TVL for DEGEN is $13.5 million.
• DEGEN 180d Performance:

CC10:

• CC10 is an index of mid to large-cap projects on the Ethereum network that are considered by the community to be top-quality protocols. Source
• CC10 currently contains UNI, LINK, AAVE, COMP, MKR, CRV, SNX, YFI, UMA, and BAT
• CC10 has a reserve list of the following tokens: BNT, REN, OMG, KNC, and ZRX
• A proposal to add SUSHI to the candidate list is currently active and open to voting. Source
• The current TVL for CC10 is $4.9M.
• CC10 180d Performance:

*Data current as of 8/28/2021.

About Indexed Finance:

Indexed Finance (Indexed.Finance) is a project focused on the development of passive portfolio management strategies for the Ethereum network.

Indexed Finance is managed by the holders of its governance token NDX, which is used to vote on proposals for protocol updates and high-level index management such as the definition of market sectors and the creation of new management strategies.