BNC Blue-Chip DeFi ETP
BNC Blue-Chip DeFi ETP (Exchange-Traded Portfolio) is a physical representation of the BNC Blue-Chip DeFi Index, issued on Balancer Protocol. The ETP mimics the constitution and weights of the index.
The ETP is rebalanced in alignment with the index, providing traders an opportunity to get non-synthetic exposure to the assets that are made up of the index, and/or speculate on arbitrage between the price parity of the index-powered perpetual swaps and the spot market for ETP.
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an Ethereum-based liquidity pool and asset management platform.
BNC Blue-Chip DeFi ETP
BENEFITS OF THIS ETP
ETP CONSTITUENTS
BNC Blue-Chip DeFi ETP Overview
ETP Thesis
Decentralised Finance (DeFi) is an open-source and transparent financial service ecosystem that represents a broad category of applications built on decentralised networks. Some of these products and services include decentralised marketplaces & exchanges, asset issuance, insurance, checking accounts, investment services, borrowing and lending, asset management and prediction markets.
BNC Blue-Chip DeFi ETP (Exchange Traded Portfolio) is a physical representation of the BNC Blue-Chip DeFi Index, issued on Balancer Protocol. The ETP mimics the constitution and weights of the index. It is rebalanced in alignment with the index, providing traders an opportunity to get non-synthetic exposure to the assets that are made up of the index, and/or speculate on arbitrage between the price parity of the index-powered perpetual swaps and the spot market for ETP.
BNC Blue-Chip DeFi Index tracks the real-time market performance of the largest DeFi assets. Launched in Sep 2020, this institutional-grade index is the first in the world to track DeFi assets across multiple pricing sources, at sub-second frequency. The index has a maximum basket size of 8 assets and is rebalanced quarterly based on a free float market capitalisation weighting with a cap of 25%.
BNC Blue-Chip DeFi ETP is exactly like the index, but physically holds onto the underlying assets in a non-custodial way, powered by Balancer.
| Fact Sheet | |
|---|---|
| Ticker | BBDX-ETP |
| Inception Date | TBA |
| Index Base | BNC Blue-Chip DeFi Index |
| Constituent Amount | 8 |
| Weighting Method | Free-Float Market Capitalisation with a 25% Cap |
| Rebalancing Period | Quarterly |
| Platform | Balancer Protocol v1 |
| Blockchain | Ethereum |
| Benchmark | USD |
| Strategy | Passive |
| Fees | No fees on v1; Fees for v2 TBA (v1 to v2 migration will be optional) |
| Network (Gas) Fees | Self-service / paid directly by the investor |
| Subscription | Anytime. Min US $10,000 (recommended) |
| Redemption | Anytime, no lockups |
| Maturity | Open-ended |
| Investor Profile | Wholesale / Accredited |
ETP TOKEN
$BBDX-ETP is a tokenised unit of the ETP, representing a pro-rata share the ETP’s underlying. View the token on:
INDEX PERP
$BBDX can be traded as a perpetual swap with leverage on the following avenues:
THE ETP IS TRADED AND AVAILABLE ON
HOW TO INVEST
STEP 1
STEP 2
Select a Product
Head to our page on the market operator’s web-site, select a portfolio that suits your investment goals & risk appetite.
STEP 3
Press the Buy Button
Use your wallet (e.g., Metamask) to acquire a position in the portfolio. You can top up or draw down your interest at any time.