Title of your idea
InDEX-DEX’s token index
The importance of DEX in DeFi space has already been talked about. It can be said that some DEXs have already succeeded.Some DEXs will take a leap forward.
But which one?
Humans can predict the future, but cannot ride the De Lorean. That is why it is important to spread a big net.
Which metric will your synth track?
The real-time value of DEXs token via an oracle.
How will you get data for your metric
Uniswap TWAP oracle.
What collateral would you use for this synthetic
USDC.DAI is still growing.
Describe how you would create this synthetic
Using UMA and uniswap oracle.I need help.
- What issues might you encounter in the development of the synthetic
Which token should we choose? I think it’s better to choose one with a higher market capitalization, but some may have different opinions.
It sounds good to select constituents according to market capitalization and create multiple synths such as InDEX-L (Large) and InDEX-S (Small).
- How you would make sure that people who would find the synthetic useful could access it.
Dashboards like Degenerative may help.
Thank you for reading the long explanation.