Contents
- Colony accelerator partners with Phuture, launches CAI index token
- New yield bearing index token for Avalanche (AVAX) enthusiasts
Avalanche to Onboard Crypto Index by Colony
Vladislav Sopov
Avalanche (AVAX) ecosystem will have its own yield-bearing index token, CAI, by Colony and Yield Yak
New tokenized index CAI will allow cryptocurrency enthusiasts to benefit from the price action of the Avalanche (AVAX) ecosystem as a whole and its main tokens.
Colony accelerator partners with Phuture, launches CAI index token
Colony, a community-driven cryptocurrency accelerator focused on the Avalanche (AVAX) ecosystem, reaches a long-term partnership with the Phuture app to introduce an integrated new instrument.
The new index, called CAI, features AVAX alongside a basket of Avalanche-based tokens from the red-hot segments, including the DeFi, NFT and GameFi spheres.
Holding the CAI token gives Avalanche (AVAX) enthusiasts exposure to investment opportunities throughout the rapidly growing ecosystem.
Advertisements
Elie Le Rest, CEO of Colony Lab, highlights that this release is set to unlock the financial and trading potential of the Avalanche (AVAX) ecosystem for a new generation of enthusiasts:
Index investing is a very practical way to cut out the noise and ride the trend. If you believe in the Avalanche ecosystem, CAI represents the best possible way to gain passive exposure to it. Individual projects may come and go, but the ecosystem remains – with CAI, we will make sure to always keep the most relevant mix of popular assets.
New yield bearing index token for Avalanche (AVAX) enthusiasts
Due to its novel technical design, the CAI token is return-generating by design. Charles Storry, co-founder at Phuture, emphasizes that it will be a new passive income instrument for crypto holders of various levels of expertise:
In traditional finance, approximately 18% of the stock market is held in index funds. The same cannot be said about the crypto space. Yet. As crypto adoption increases, so will the demand for passive investment tools that help investors gain risk-averse, user-friendly and time-efficient access to the best projects. CAI delivers this for investors in the Avalanche ecosystem.
To ensure the flexibility and sustainability of CAI’s investment strategy, the basket behind the token is rebalanced monthly. Therefore, CAI holders will not miss out on the next big thing for the Avalanche (AVAX) ecosystem.
By Q4 2022, Avalanche (AVAX) is the fourth largest smart contract platform in terms of TVL. It is surpassed only by Ethereum (ETH), Tron (TRX) and BNB Chain (BSC).
