DeFi Pulse Index: What It Is and How to Buy It
What is DeFi Pulse Index (DPI), where to buy DPI, how to buy DPI?
Published April 30, 2022.
DeFi Pulse Index (DPI) is a metric that quantifies the strength and tracks the performance of DeFi-based financial assets across the decentralized finance space. DeFi Pulse Index tracks and calculates the metric that measures the level of interest in the outward performance of tokens within the DeFi industry.
The DeFi Pulse Index is uniquely weighted based on the individual value of each DPI token and the strength of supply. Therefore, holding DPI tokens lets the investor gain exposure to the top DeFi tokens in the market. Some of the underlying DeFi coins that DPI tracks include Aave, Balancer, Compound, Cream, Farm, KNC, Loopring, Maker, etc.
DeFi Pulse Index (DPI) token is an ERC-20-backed token with the objective of providing its holders with adequate exposure to DeFi assets with just one crypto. DPI represents a single standard for trustworthy DeFi projects and applications.
DPI uses a strict criteria for picking tokens to track.
To become part of DeFi Pulse Index's underlying assets, the tokens must:
- Be DeFi-related.
- Listed on the Ethereum blockchain.
- Must be in operation for a specific amount of time.
- Have a minimum circulating supply.
- Calculable total supply.
DPI doesn't track wrapped or synthetic tokens.
Where You Can Buy DPI
DPI is available for trading on centralized and decentralized exchanges. Interested investors can find DPI on 1inch exchange, AEX, BKEX, Gemini, Hotbit, Kucoin, Uniswap (V2/V3), and Sushiswap. To purchase DPI, the trader may pick any of these exchanges and swap or trade their crypto/fiat for DPI.
How Do You Buy DPI?
To buy DPI, traders will need to follow the steps below:
- Seek out platforms that have listed DPI tokens
- Create an account with any of the exchanges you picked
- After that, proceed to deposit funds into your newly created account.
- Once the funds are credited to your account, use them to purchase DPI on the exchange.
- Proceed to store DPI safely in your wallet or leave it on the exchange
Note: If you intend to use a DEX to purchase DPI, you will have to swap it for another token. So, it is important to have the token equivalent of how much DPI you want to purchase in your non-custodial wallet.