This is the 29th issue of the Token Valley dApp newsletter. Let’s get right to it:
📺 dApp News
Ethereum is still the king of the dapps, says DappRadar report
There's a Pipeline of ETF-Like Tokens About to Drop: Synthetix's Kain Warwick
Telos partners with Sesacash, bringing micro-transactions to West Africa
The new Chainlink collaboration that wants to turbocharge DeFi
🤹 Tweets of the Week
💰 Market Review
Looks like the market is deciding where to go in 2020. We are biting our nails. As for this week, it started off hectic but stabilized for a rather uneasy plateau that seems it will soon build up or fall back.
✨ Token Valley’s ‘Weekly Spotlight’
Dapp of week: iDEFI
Here is how iDEFI works:Â
"Inversely tracks the price of DeFi Index (DEFI) through price feeds supplied by an oracle. The entry point is $1000 (the approximate market price at time of creation). This Synth freezes when it reaches its upper limit of $1500 (i.e. when DeFi Index's value reaches $500) or its lower limit of $500 (i.e. when DeFi Index’s value reaches $1500). If it reaches either of its limits and gets frozen, it will no longer be able to be purchased on Synthetix.Exchange, but can still be traded for other Synths at its frozen value. At some point after it has reached either of its limits, it will be substituted for another iDEFI with different limits."
First up is sDEFI/iDEFI, which tracks a basket of DeFi-related tokens. The inclusions and weighting are the following:
Project | Weightage
LINK | 25.00%
MKR | 25.00%
ZRX | 13.00%
SNX | 13.00%
REN | 6.00%
LRC | 6.00%
KNC | 6.00%
BNT | 3.50%
MLN | 2.50%
You can buy the DEFI basket, it’s like an ETF of DeFi tokens
We here at Token Valley think that this is SUPER COOL
🤖🤣On the lighter side..