Hi, this is not yet a proposal, more a discussion piece.
I’ve noticed a couple of companies have brought out ETFs of the top cryptocurrencies (top by market cap), Crypto20 was the first of course, and they do top 20. This discussion is to see if there is interest in pieDAO to create a new pie that is a bit like DeFI ++ but for the biggest crypto assets.
I have personally wasted gas on buys and sells and swops and would like a simple diversified pie. The BCP fits the bill to a certain extent, but for a simple diversified ETF/pie is too heavy on ETH and too light on others, so this would be different to the BCP because of the weighting.
Index funds are usually weighted by market cap, or they are square root of market cap, or they are equally weighted. I think deciding the weighting would be a big factor, open for discussion on this.
As for crypto selection, I’d want it to be the top 10 or 20 tokens. If we chose the top 10, that would (for now) rule out most of DeFI, but a top 20 would of course include those DeFi tokens.
Weekly or monthly…
Ok, that’s the bones of the discussion piece!