i thought i will stop contribution to this lovely project cause there are so many more intelligent people with awesome ideas and some of them might get payed quite well in future. Maybe we can tip some people that invest quite some time and find ideas that get implemented (like xCVP cough)…but lets forget about that and come to my idea. I post this in the research forum cause i have no idea how this thing should work and how we can get the most out of it but now…i present you…
THE DEFI LEADERBOARD INDEX (this name is not good)
People like rankings, people love to invest and some people want to be more risky than others. What is, if we create an index token which represents the top 50 DEFI Tokens (100 would be too much imo), like the S&P500. But hear me out, and that is what is special about that:
We create a Token which is called Defi Top 10 (Name sucks). As example i use the coingecko DEFI List, doesnt matter if its wrong right now:
We have an index with WBTC / ETH / LINK / UNI / AAVE / SNX / GRT / MAKER / SUSHI / COMP which represents the top 10.
Then we have an index which is called Defi 11-20 (name sucks) which has:
YFI / oX / UMA / REN / RUNE / LRC etc.
Then we have token Defi 21-30 etc. etc.
So we have 5 index tokens that represent the top 50 Defi Tokens and on TOP of that we create an INDEX which cointains those 5 Indices. So you can REALLY have exposure to the top 50 DEFI coins if you wish to. And those 5 index tokens use DAMM so you gain with the gainers and dont loose to much with the loosers.
The Marketing part
Now you say, ok, do i want such an big index? Doesnt sound THAT interesting but im not done. This index only makes sense if you add or delist tokens in those lists. But its not working that you list and delist them 5 times a day. No, lets make an event out of that. Maybe one a week, or one a month:
Once a week or a month all tokens will update, they will list or delist the underlying tokens. Some tokens will get promoted from the defi 11-20 to the defi top 10, some tokens will stay the same, some will get demoted and some will fall out of the top 50 completely. This is pure marketing with statistics, twitter announcements, with eyes and powerpool. And if that system is working, you can imagine how much fees we would generate. If many invest in this we could be a really awesome liquidity provider with our 1inch integration awell.
And for the user this is quite interesting aswell. If you dont want too much risk, you invest in the defi top 10, and if you want more risk you invest in the defi 11-20, etc.
This system will bring huge TVL into the system, should be a big marketing boost cause we can create a real event everyone in CT is looking at.
And most important, noone else has implemented something like this, we would be the first. And on top of that you have the first indext token existing out of index tokens and you have the possibility to get exposure to the top 50 Defi coins, the biggest index in this space.
Now guys, i need you feedback, cause you are smarter than me and can see the up- and downsides. And i have to run anyway, cause my RL job is calling. I personally think this idea is penomenal, but otherwise i wouldnt have suggested it. This has a benefit for the user and for the protocol and should be a really big marketing machine. Go big or go home
Have a good day my lovely people.