1/ Today, we're thrilled to launch the world's 1st DeFi crypto index fund! DeFi is an exciting, young, & fast-growing category. We hope this fund makes it easier for more to participate. Press release here: bitwiseinvestments.com/resources/pres… Below, a quick run-through of the details —

2/ First, the fund's holdings. Today the fund holds 9 DeFi cryptoassets: UNI, AAVE, SNX, MKR, COMP, UMA, YFI, ZRX, & LRC Holdings & weights will change as the space evolves. The index, & the fund which tracks it, rebalances holdings each month. How are holdings selected?

3/ The index decides what to hold based on a public set of rules. Assets are ranked by market cap. The index additionally evaluates trade volumes, custody support, exploit risk & history, & more. Full ruleset is here: bitwiseinvestments.com/indexes/method… We also have some help —

@bitwise @AaveAave @Uniswap @compoundfinance @0xProject @synthetix @MakerDAO @UMAprotocol @iearnfinance @loopringorg hey bitwise, really happy to see LRC in the basket. Can you please change LOOP -> Loopring? thank you

@bitwise @AaveAave @Uniswap @compoundfinance @0xProject @synthetix @MakerDAO @UMAprotocol @iearnfinance @loopringorg What’s the fee ratio for this index?

@bitwise @AaveAave @Uniswap @compoundfinance @0xProject @synthetix @MakerDAO @UMAprotocol @iearnfinance @loopringorg @AssetReset @MasaSonCap time to join the UNIs

@bitwise @AaveAave @Uniswap @compoundfinance @0xProject @synthetix @MakerDAO @UMAprotocol @iearnfinance @loopringorg I think you would be better off creating a fund of proof-of-stake coins like DOT, ADA, ATOM, ALGO, etc. the ridiculous gas fees make defi unusable.

@bitwise @AaveAave @Uniswap @compoundfinance @0xProject @synthetix @MakerDAO @UMAprotocol @iearnfinance @loopringorg Soon #MANY will be on this list

@bitwise @AaveAave @Uniswap @compoundfinance @0xProject @synthetix @MakerDAO @UMAprotocol @iearnfinance @loopringorg @wise_token the best :)

@bitwise @AaveAave @Uniswap @compoundfinance @0xProject @synthetix @MakerDAO @UMAprotocol @iearnfinance @loopringorg WHERE IS PANCAKE SWAP @PancakeSwap

@bitwise @AaveAave @Uniswap @compoundfinance @0xProject @synthetix @MakerDAO @UMAprotocol @iearnfinance @loopringorg Why no $Sushi?

@bitwise @loopringorg @AaveAave @Uniswap @compoundfinance @0xProject @synthetix @MakerDAO @UMAprotocol @iearnfinance Yet no $Link?!?!

@bitwise @AaveAave @Uniswap @compoundfinance @0xProject @synthetix @MakerDAO @UMAprotocol @iearnfinance @loopringorg YO I don't see $CAKE here 😂😂😂 @haydenzadams @cz_binance