WonderFi Partners with DeFi Pulse to Offer Industry-Leading Indexes
9:02 am ET October 15, 2021 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2021) - WonderFi Technologies Inc. (NEO: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (the "Company" or "WonderFi") today announced that it has partnered with DeFi Pulse Inc. ("DeFi Pulse"), a firm that designs indexes for decentralized finance ("DeFi"), to offer digital asset indexes through the WonderFi App.
DeFi Pulse creates, maintains, and licenses financial indexes for a decentralized world. The DeFi Pulse Index - DeFi Pulse's flagship offering - has emerged as a reliable benchmark for the performance of the overall DeFi sector on Ethereum. "The market's reception to the DeFi Pulse Index is reflected in the rate of adoption of the DPI token, designed around the DeFi Pulse Index and offered by the Index Coop. We are pleased to partner with WonderFi to continue to grow the DeFi Pulse Index," said Etienne Royole, CEO of DeFi Pulse.
The DeFi Pulse Index includes the top DeFi assets available on Ethereum which have significant usage and show a commitment to ongoing maintenance and development. Currently comprising seventeen assets weighted by circulating supply, the DeFi Pulse Index employs a transparent methodology and undergoes monthly rebalances to reflect the current state of the market and keep up with the pace of development.
"The DeFi Pulse Index is an excellent way to gain exposure to the DeFi market and is analogous to index products in the traditional capital markets," commented Ben Samaroo, CEO of WonderFi. "Partnering with DeFi Pulse to offer this index through WonderFi aligns us with the leading index provider in the sector, and creates an opportunity for us to bring new index products to market with DeFi Pulse and Index Coop as the market matures."
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