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19 April 2021

Vampire Attack or Innovation? Basketdao Storms the DeFi Index Scene | Crypto Briefing

Vampire Attack or Innovation? Basketdao Storms the DeFi Index Scene | Crypto Briefing


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BasketDAO has announced its new DeFi index: BDPI.

Any DeFi user has seen DeFi Pulse’s analytics and has considered investing through their index DPI, representing many DeFi “blue chip” tokens.

To encourage migration from DPI to BDPI, BasketDAO will offer its governance token BASK.

BasketDAO declared that BASK is a governance token that will accrue value from the interest-bearing tokens in BDPI.

Crypto Briefing asked Indexed.finance team member Lito Coen, another DeFi index project with $30 million total value locked, whether BasketDAO was likely to continue redirecting funds from DPI

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