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The premiere of ClearIndex, with the NFT series indices released today – Press release Bitcoin News
press release
PRESS RELEASE. ClearIndex is a set of indexes run by ClearDAO that tracks the value of various assets and replicates their performance. ClearIndex aims to offer stable, integrable and adaptable data sets for index-linked products, and to diversify investment targets in the crypto area.
Today, the team announces the official launch of ClearIndex, along with the release of the first batch of indexes that track the value of the NFT series for use by ClearDAO ecosystem partners and all DeFi builders. click here to jump to the site and see more.
What is ClearIndex?
The ClearDAO community is no stranger to indexes. Already in last year’s test network competition, we introduced an index tracking of prices on BTC, ETH and DOT as underlying assets for the options. In the same way, the team works to design and launch indices that are based on a more representative range of cryptocurrencies and are able to track the performance of the entire crypto market or a specific subgroup of it, for example per public chain.
In addition to the cryptocurrency market, ClearIndex also indexes assets in the NFT collectibles market. NFT collectibles are often out of reach of ordinary investors, resulting in illiquidity in the market. Therefore, ClearIndex introduced NFT indexes to deal with this headache. By defining different NFT index criteria, the team can meet the demand from NFT index funds, NFT fragmentation or other NFT derivatives, thus lowering the entry barrier for most investors.
ClearIndex will act as a data interface used by many types of ETF-like funds, index-based derivatives (eg perpetual futures and options), etc., so that DeFi players can have simpler investment instruments and wider investment choices. The launch of ClearIndex will also contribute to the ClearDAO ecosystem. With a wider range of assets being indexed in an easily accessible way, nerds are unleashing to develop more DeFi derivatives that push the envelope.
Trendy NFT series indices
A rare CryptoPunk was sold for 8000 ETH in February. Maybe some of the readers can afford one or two, but not everyone can get a piece of the pie. But every time a certain CryptoPunk trades at a new height, the value of the entire CryptoPunk series will benefit from the traffic and the wider acceptance it provides. That’s why we created the NFT Series Index to capture the value of NFT collections.
Initially, the team designed five NFT series indices to track trading performance of five trending NFT series on the Ethereum network, including CryptoPunks, Bored Ape Yacht Club, Clone X, NFT Worlds and Loot. These series of NFTs are seen as milestones in their time. click here to learn more about the NFT Series Indices website.
ClearIndex then innovated a value weighting mechanism to calculate index levels that could reflect NFT’s value. All historical contract prices for each NFT collection object are taken from Opensea’s smart contract and weighted to calculate an “intrinsic value”. The team then collects values for all collectibles to form the index level for the entire NFT series.
These five indices are published today with index levels updated in real time. All end-user-facing DeFi applications that want to expand their product offering to the NFT area can easily retrieve index prices and develop marketable products on top of them. Thereafter, the team will continuously optimize and improve the index methodology and overall performance so that our index can better capture and reflect the value of NFTs.
Expect more
The team designs several indices and enriches the ClearIndex library, especially during joint development with our ecosystem partners to develop their derivative products. The Public Chain Composite indices are under testing and will go live soon.
The team is open to customizing indices with different logic or underlying assets to meet the needs of any DeFi builder that is meant to evolve with us. Interested? Tell me now!
About
ClearDAO is building a decentralized cryptocurrency derivatives factory to provide developers with SDKs and tools to accelerate the development of cryptocurrencies and marketplaces. To date, ClearDAO has completed template development, including options, banknotes, futures, swaps and indices, and has participated in the construction of several third-party derivative projects. ClearDAO adopts a strategy for several blockchains and already supports Ethereum, BNB Chain, Solana, KCC, Arbitrum, etc.
This is a press release. Readers should do their own due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content, goods or services mentioned in the press release.
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