Bankless BED Index

Bankless BED Index (BED)

Full information about Bankless BED Index (BED). Current Bankless BED Index price in BDT, BED open/close rates, Bankless BED Index history charts, Bankless BED Index market capitalization and volume.

1 BED = 7 179.94 ৳ Bangladeshi Taka (BDT)
58.7094691 BDT

Last updated: 2023-05-10 10:52:00 UTC - about 3 years ago 1 USD = 122.296069 BDT

General information
Global rank:4972
Name: Bankless BED Index Bankless BED Index
Symbol:BED
Current coin price (BDT):7 179.94 ৳
Last hour:arrow_upward0.170 %
Last 24 hours:arrow_downward-7.01 %
Last 7 days:-5.22 %trending_down
Capitalisation (BDT):0.000000 ৳
Volume 24h (BDT):1 519 406.36 ৳
Available supply:0.000000 BED
Total coin supply:-1 BED
Start date:0000-00-00
Last updated: 2023-05-10 10:52:00 UTC - about 3 years ago

Bankless BED Index/Bangladeshi Taka (BED/BDT) price chart

Bankless BED Index/Bangladeshi Taka (BED/BDT) capitalisation and volume charts

Bankless proposed that the Index Coop manage a Set based on an index of Crypto’s most investable assets, BTC, ETH, and DPI, in equal weight. This construction — known as the BED Index or Bankless BED Index — seeks to give safe, passive exposure to a vehicle that captures equal-weighted upside from the most promising use cases and themes in crypto: store of value, programmable money, and decentralized finance.

Methodology

The BED index is meant to track crypto’s top 3 investable assets.

  1. Scope: The index includes the top 3 investable assets with real usage and large capitalizations around the theme of blockchain: BTC, ETH, DeFi (DPI).
  2. Weighting: Neutral construction, equal weight
  3. Rebalancing: First Friday of every month

The composition is:

  • 33.3% Bitcoin
  • 33.3% Ether
  • 33.3% DPI

The underlying index is rebalanced after the close of trading on the first Friday of each calendar month. The Fund is rebalanced in accordance with its Underlying Index.

Component Selection

Market Requirements

  • The components must have a Large cap valuation $25b+ [If an Index, the corresponding token market caps must have a sum of >$25b].
  • The components must show signs of heavy usage either as a network (btc, eth) or smart contract theme (DeFi).
  • The assets must have sufficient liquidity for initial inclusion and rebalances.

Safety Requirements

  • Assets and themes within the Bankless BED Index should have vast, well-established safety guarantees.
  • Any network/protocol must have conducted sufficient security audits and/or security professionals must have reviewed the protocol to determine that security best practices have been followed.

Index Maintenance

Determination Phase

The determination phase takes place during the fourth week of the month. It is the phase when the changes needed for the next reconstitution are determined.

Reconstitution Phase

The determination phase takes place during the fourth week of the month. It is the phase when the changes needed for the next reconstitution are determined.

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