DINDEX
The DeFi token index that tracks the performance of decentralized finance protocols on Solana.
What is DINDEX?
DINDEX is a specialized index token that tracks the performance of the top decentralized finance (DeFi) protocols in the Solana ecosystem. As a sub-index of SINDEX, it provides targeted exposure to the DeFi sector, which represents one of the most innovative and rapidly evolving areas of blockchain technology.
DeFi protocols enable financial services like lending, borrowing, trading, and asset management without traditional intermediaries. DINDEX allows investors to gain exposure to this transformative sector without having to analyze and invest in individual protocols.
DINDEX Composition
DINDEX includes a carefully selected basket of DeFi tokens based on total value locked (TVL), trading volume, user adoption, and other factors. The current top constituents include:
| Protocol | Token | Weight | TVL | 24h Volume |
|---|---|---|---|---|
| Marinade Finance (Liquid Staking) | MNDE | 20% | $800M | $15M |
| Raydium | RAY | 15% | $600M | $25M |
| Orca | ORCA | 15% | $550M | $22M |
| Kamino Finance | KMNO | 10% | $400M | $12M |
| Drift Protocol | DRIFT | 10% | $350M | $18M |
| Others (6 protocols) | Various | 30% | $1.2B | $45M |
Note: The composition is rebalanced every 6 hours to ensure it accurately reflects the current market conditions. Protocols may be added or removed based on the selection criteria.
Selection Criteria
Protocols are selected for inclusion in DINDEX based on a comprehensive methodology that considers multiple factors:
Quantitative Factors
- Total Value Locked (TVL) (minimum $50M) verified through on-chain data
- 24-hour trading volume (minimum $5M) across Solana DEXes
- Number of unique users measured by distinct wallet interactions
- Transaction volume
- Token market capitalization
Qualitative Factors
- Protocol security (audits, bug bounties)
- Team experience and track record
- Governance structure
- Innovation and unique features
- Integration with other protocols
The selection process prioritizes established protocols with proven track records while also allowing for the inclusion of innovative newcomers that demonstrate strong potential. This balanced approach helps DINDEX capture both the stability of established DeFi protocols and the growth potential of emerging ones.
DINDEX Tokenomics
Supply Metrics
- Initial Supply:4,000,000 DINDEX
- Maximum Supply:40,000,000 DINDEX
- Circulating Supply:Variable (based on minting/burning)
- Mint Authority:Treasury Contract
Token Utility
- Targeted exposure to DeFi sector
- Component of the SINDEX main index
- Staking rewards through st_DINDEX staking token
- Governance rights over DINDEX composition
- Redeemable for underlying assets
Staking DINDEX
DINDEX holders can stake their tokens to earn rewards and participate in governance. When staking DINDEX, users receive st_DINDEX tokens that represent their staked position.
Staking Benefits
Reward APY
10%
Variable based on protocol performance
Lock Period
21 days
Minimum staking period
Staking rewards for DINDEX are derived from protocol fees and treasury operations. The staking mechanism helps align incentives between short-term traders and long-term holders, promoting price stability.
DINDEX Performance
DINDEX performance is tracked against individual DeFi tokens and the broader Solana ecosystem. Historical performance data is available through the platform's analytics dashboard.
Interactive performance chart will be displayed here
Note: DeFi protocols can be affected by market conditions, regulatory changes, and technical risks. DINDEX aims to mitigate these risks through diversification, but investors should be aware of the inherent volatility in the DeFi sector.