BilzerianCandle

sDEFI Index

BilzerianCandle Updated   
The Synthetix Exchange provides a DeFi index that has too many components to be used as a chart ticker.

So here is an indicator to bypass the ticker limit.

From the Synthetics docs : docs.synthetix.io/tokens/list/
DeFi Index (sDEFI)
Contract: 0xe1aFe1Fd76Fd88f78cBf599ea1846231B8bA3B6B

Token | Initial Weight
---------------------------
Aave | 15%
Synthetix Network Token | 15%
yearn.finance | 15%
Uniswap | 10%
Compound | 7.50%
Maker | 7.50%
Balancer | 5%
Curve DAO Token | 5%
Kyber Network | 5%
Ren | 5%
UMA | 5%
Wrapped Nexus Mutual | 5%

The chart shows it in comparison to FTX's DeFi index, quite a difference as you can see!
Release Notes:
Updated weights
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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