Frankfurt (19 April 2021) – MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, global leader in digital asset data, todayannounced the launch of the MVIS CryptoCompare DeFi 20 Index (ticker: MVDEFI).
The MVIS CryptoCompare DeFi 20 Index is a modified market cap-weightedindex which tracks the performance of the 20 largest and most liquiddecentralized finance (“DeFi”) protocols. The index applies most demanding sizeand liquidity screenings to potential index components to ensure investability.The digital assets classified by CryptoCompare as decentralized finance as ofthe announcement date qualify for inclusion.
“Our new DeFi index covers one of the most interesting and fastestgrowing trends in digital assets. Investors now have an instrument to benchmarka sector which is often referred to as the future of finance,” said ThomasKettner, Managing Director at MVIS.
Charles Hayter, CEO and Co-Founder of CryptoCompare, commented: “Withthe surge in popularity of DeFi projects and growing appetite from institutionalinvestors, the MVIS CryptoCompare DeFi 20 Index makes this new asset class moreaccessible and offers investors an entry point to gain exposure to the top DeFiprotocols.”
The MVIS CryptoCompare DeFi 20 Index (ticker: MVDEFI) is weighted by market capitalisation and is calculated in USD as aprice return index. Capping factors are applied to avoid overweighting ofsingle index companies. The index is reviewed on a quarterly basis. Detailedinformation about the index, such asmethodology and index data, is available on the MV Index Solutions website.
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