DeFi+S currently has 6 holdings.
I’d like to talk about adding 3-6 holdings to DeFi+S
At the end of this post you’ll find a sheet (“Small/Mid Cap Basket”) listing 42 candidate tokens that we can consider. I selected them by using the following criteria:
- DeFi related
- Market cap between $75MM and $1000MM
- Have been interacted with by at least 100 wallets that have interacted with pies. I spot checked the few dozen eligible tokens that were in fewer (0-99) wallets to make sure that i didn’t miss anything.
My feeling is that given DeFi+S’s importance as a component of DeFi++ and BCP, it should be a broader index
- Track the small/midcap market more closely
- Reduce volatility
- Make DeFi+S a more attractive standalone investment
- Add yield bearing strategies and turn +S into a PieVault
Current state of the pie (1 month return 0.3%)
Holdings: UMA, Ren, Loopring, Balancer, pNetwork, and Enzyme (MLN)
Small/Mid Cap Basket (1 month return 3.5%)
Tiramisu: (messy) output for the entire list of candidates
This sheet contains the 42 candidates. I added some Coingecko data & computed the correlation between each token and DeFi+S using Tiramisu and added that as well.