Victoria, Seychelles / Auckland, New Zealand, Feb. 25, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) – LEVERJ (https://leverj.io/), the world’s first scalable decentralized derivatives trade, right now introduced the launch of the BNC Blue-Chip DeFi Index-based futures powered by Brave New Coin, a digital asset information infrastructure firm. Buying and selling for BNC Blue-Chip DeFi Index contracts is now reside on LEVERJ, permitting for as much as 50x leverage.
The BNC Blue-Chip DeFi Index tracks the real-time market efficiency of the 8 largest DeFi belongings. This institutional-grade index product is the primary on this planet to trace DeFi belongings throughout a number of pricing sources at sub-second frequency. The index tracks a eight-asset basket weighted by free-float market capitalization, capped at 25%. Asset weighting is about originally of every quarter and stays fixed all through the quarter. Belongings at present within the basket this quarter are: Uniswap (UNI), Aave (AAVE), Artificial Community Token (SNX), SushiSwap (SUSHI), Maker (MKR), Yearn Finance (YFI), Compound (COMP) and Common Market Entry (UMA).
“Publicity to the BNC Blue-Chip DeFi Index gives diversification throughout an trade group. This reduces portfolio danger and means buyers don’t must put all their eggs in a single basket,” mentioned Fran Strajnar, Founding father of Courageous New Coin. “Danger is unfold, and consumers don’t must scrutinize the attributes of particular person tokens. This removes many of the guesswork from the DeFi funding course of.”
The vast majority of tokens within the BNC Blue-Chip DeFi index are designed to behave as governance tokens that empower holders to vote on proposals to replace the DeFi protocols they’re native to. Many of those belongings have seen aggressive value progress not too long ago. Prior to now yr, the costs of LINK, SNX and MKR have risen 844%, 1791% and 298% respectively. The market has unanimously determined that governance of those DeFi protocols, and a share of voting rights to find out the longer term course of among the most progressive, seen, and energetic initiatives within the digital asset house, is a helpful commodity.
“Buying and selling an index that represents the blue chip of DeFi on a quick and scalable DeFi derivatives platform, Leverj, is like having your cake and consuming it too. With Leverj’s beneficiant Liquidity Rewards Program simply introduced, each Leverj.io dealer will get rewarded with $L2 governance tokens for executing a maker aspect commerce. They’ll then stake these $L2 tokens for additional weekly APY,” mentioned Shashank Tiwari, one of many core members of the gluon.network Layer 2 expertise, which powers Leverj.io’s extremely quick futures buying and selling platform.
“The BNC Blue-Chip DeFi index is the start of an thrilling product roadmap. As an trade we need to differentiate ourselves and supply merchants not simply the nice advantages of non-custodial buying and selling, but in addition progressive tradable merchandise. We’re excited to launch the DeFi index then deal with a gentle rollout of latest devices with BNC within the coming weeks and months,” mentioned Bharath Rao, CEO of Leverj Trade.
LEVERJ is a decentralized crypto trade based by a small staff of Wall Road veterans from J.P. Morgan, Goldman Sachs, and Credit score Suisse. Having seen the systemic danger inherent within the legacy monetary system whereas growing buying and selling expertise throughout the 2008 World Monetary Disaster (and the way little was fastened afterwards), the founders found Bitcoin and commenced growing distributed buying and selling alternate options.
LEVERJ is constructed on high of Gluon, a game-changing layer 2 resolution purpose-built for high-frequency buying and selling that provides an answer to Ethereum’s congestion and fuel scaling points. Gluon is an account-based layer 2 that has been via a number of exterior audits and testing rounds. Buying and selling with Gluon gives a sub-second settlement, minimal fuel charges, and withdrawals/deposits will be finalized inside half-hour. Common Ethereum transaction costs have retreated a bit of from their report excessive of greater than $16 USD on January 11 however nonetheless stay excessive, at round $5 USD.
Launched by Wall Road veterans, LEVERJ is a decentralized cryptocurrency derivatives buying and selling platform created to carry out like conventional monetary exchanges whereas sustaining the essential operate of immediate finality. LEVERJ is totally self-custodial by design, that means that it doesn’t matter what occurs to the trade, customers at all times management their non-public keys and funds. LEVERJ makes use of a protocol known as Gluon, a mathematically rigorous resolution stopping fraud, compromise, and collusion to offer all the advantages of blockchain with out the restrictions. Gluon is the primary totally operational Ethereum Layer 2 chain, giving LEVERJ the high-transaction throughput to work simply as quick as centralized exchanges.
About Courageous New Coin
Brave New Coin (https://bravenewcoin.com/) (BNC) is a knowledge and analysis firm targeted on the blockchain and cryptographic belongings trade. Based in 2014, BNC offers information, evaluation and analysis to a worldwide community of market individuals. Courageous New Coin provides spot-pricing, index options, analysis and information each mixture and proprietary, through companions corresponding to Amazon Alexa, Dow Jones Factiva, NASDAQ, Refinitv, RapidAPI and dozens extra. The corporate’s expertise and experience make us the main supplier of ordinary and non-standard institutional grade, extremely compliant, information options. BNC Professional leverages all our expertise and information right into a user-friendly dashboard resolution.
Media Contact: Rework Group, Firm Contact: Fran Strajnar,