Topic name should start with: Proposal “Number”
I propose to add 1INCH, BAL and BNT tokens to the PIPT index.
1INCH is a major AMM swap aggregator and deserves a place in the PIPT index. They also operate their own exchange Mooniswap.
Balancer (BAL) is the a great platform that pioneered the AMM model without equal token weights of 50/50 and offered the single sided pool liquidity funding. Their current TVL is $2,087,905,740 USD.
Bancor (BNT) is a goliath in the DeFi space, and they pioneered many of the DeFi features that we now take for granted. Their current TVL is at $1,574,830,316 and their swaps volume is about 10% of UNI’s.
This inclusion would allow PIPT holders to also have exposure to the growth of 1INCH, BAL and BNT (Bancor) without having to hold them directly.
By adding 1INCH, BAL, BNT into the PIPT index would change the weights of all tokens to 9.0909%, helping with exposure to growth and with diversification.
Feedback and comments are welcome.