# InDEX-DEX's token index

**URL:** <https://discourse.uma.xyz/t/index-dexs-token-index/903>\
**Category:** XIO Accelerator - Ideas Competition\
**Created:** [April 17, 2021, 2:32am UTC](https://discourse.uma.xyz/t/index-dexs-token-index/903 "2021-04-17T02:32:32Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![nope](https://yyz2.discourse-cdn.com/flex032/user_avatar/discourse.uma.xyz/nope/32/220_2.png) [@nope](https://discourse.uma.xyz/u/nope)\
**Post date:** [April 17, 2021, 2:32am UTC](https://discourse.uma.xyz/t/index-dexs-token-index/903/1 "2021-04-17T02:32:32Z")

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**Title of your idea**  
InDEX-DEX’s token index

**Summary Description**  
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](https://degenerative.finance/) may help.

Thank you for reading the long explanation.