PRESS RELEASE. ClearIndex is a set of indices powered by ClearDAO that tracks the value of various assets and replicates their performance. ClearIndex aims to provide stable, integrable and customizable datasets for index-linked products, and to diversify investment targets in the crypto space.
Today, the team are announcing the official launch of ClearIndex, along with the release of the first batch of indices tracking the value of the NFT series for use by ClearDAO ecosystem partners and all DeFi builders. Click here to jump to the website and see more.
What is ClearIndex?
The ClearDAO community is no stranger to indices. As early as last year’s testnet contest, we introduced an index tracking prices of BTC, ETH, and DOT as underlying assets of the options. Likewise, the team are working on designing and launching indices that are based on a more representative selection of crypto assets and are able to track the performance of the entire crypto market or a specific subset of it, say, per public chain.
In addition to the cryptocurrency market, ClearIndex are also indexing assets in the NFT collectibles market. NFT collectibles are often beyond the reach of ordinary investors, resulting in illiquidity in the market. Therefore, ClearIndex introduced NFT indices to tackle this headache. By defining different NFT index criteria, the team can meet the demand of NFT index funds, NFT fragmentation, or other NFT derivatives, thereby lowering the barrier of entry for most investors.
ClearIndex will serve as a data interface used by many types of ETF-like funds, index-based derivatives (e.g., perpetual futures and options), etc., allowing DeFi players to have simpler investment instruments and wider investment selections. The launch of ClearIndex will also contribute to the ClearDAO ecosystem. With a broader range of assets being indexed in an easily accessible manner, geeks are let loose to devise more DeFi derivatives that push the envelope.
Trending NFT Series Indices
A rare CryptoPunk was sold for 8,000 ETH this February. Maybe some of the readers can afford one or two, but not all can get a piece of the pie. However, every time a certain CryptoPunk trades at a new height, the value of the entire CryptoPunk series will benefit from the traffic and wider acceptance it brings. Therefore, we created the NFT Series Index to capture the value of NFT collections.
In the beginning, the team designed five NFT Series Indices to track trading performances 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 regarded as milestones of their time. Click here to learn more about the NFT Series Indices webpage.
ClearIndex then innovated a value-weighting mechanism for calculating index levels that can reflect the NFT’s value. All historical deal prices of each NFT collectible are retrieved from Opensea smart contract and weighted to compute an “intrinsic value”. The team then collect values for all collectibles to form the index level for the entire NFT series.
These five indices are released today with index levels updated in real-time. Any end-user-facing DeFi applications that desire to expand their product offerings to the NFT space can retrieve index prices easily and devise tradeable products on top of them. Next, 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.
The team are designing more indices and enriching the ClearIndex library, especially during co-development with our ecosystem partners in devising their derivatives products. The Public Chain Composite Indices are in testing and will go live soon.
The team are open to customizing indices with different logic or underlying assets to meet the need of any DeFi builder who are intended to develop with us. Interested? Tell now!
ClearDAO is building a decentralized crypto derivatives factory to provide developers with SDKs and tools to accelerate the development of crypto derivatives and marketplaces. To date, ClearDAO has completed template development, including options, notes, futures, swaps, and indices, and has been participating in the construction of multiple third-party derivatives projects. ClearDAO adopts a multi-blockchain strategy and already supports Ethereum, BNB Chain, Solana, KCC, Arbitrum, etc.
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