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DeFi Pulse Index Adds Sushi

The DeFi Pulse Index (DPI) has added Sushiswap’s Sushi token to its set of assets.  DPI now includes 12 tokens, with Sushi comprising 8% of the index’s total value. The only three project’s with tokens representing higher allocations are Uniswap, Aave, and Synthetix, with 30, 19, and 13% respectively. The projects launched within a month…

By: Owen Fernau   

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The DeFi Pulse Index (DPI) has added Sushiswap’s Sushi token to its set of assets.

DPI now includes 12 tokens, with Sushi comprising 8% of the index’s total value. The only three project’s with tokens representing higher allocations are Uniswap, Aave, and Synthetix, with 30, 19, and 13% respectively.

The projects launched within a month of each other, Sushiswap on Aug. 28, 2020 and DPI on Sep. 14. Since the latter date Sushi has gained 632% with the DPI posting a 242% gain.
While some are saying “finally” on Twitter, the Index Coop which governs the inclusion of tokens in the index, was following its guidelines of waiting 180 days since launch before a project can be included in DPI. Going by those guidelines, Sushi could not have been added a day earlier.

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