DeFi’s Diversified High-yield Savings Account — What is BMI? It’s an index of interest-bearing USD stablecoin exposure, initially made up of yVault tokens from Yearn.

Motivation We’re dropping a new low-risk product — BMI: BasketDAO Money Market Index. It’s a diversified stablecoin farming index powered by Yearn, aimed at stable farmers and treasuries. We feel it’s a strong product and it complements BDI on the risk spectrum, particularly in this bear market. …

More diversification, better yield — The actual results All 7 votes failed to reach our initial quorum of 10000 votes or even the reduced quorum of 6700 votes. Our voting token BASKV — a token set up to track your BASK that may or may not be in your wallet, has failed to consider BASK staked in Onsen…

More diversification, better yield — Updated on June 15th for revote Following our successful rebalance #1, rebalance #2 continues with more proposals for the community. Proposals are based on discussions from within the community. Assuming smooth success this time as well, we will soon begin giving proposal powers to the community, to work towards our…

Improved blue-chip exposure to DeFi, with more yield! — The results The community came out in force and all 3 proposals have passed. This means that the following changes will take place: LINK will be added in the form of the crvLINK farm on YEARN at 9.17% yield. CRV will be added in the form of the yveCRV* farm on YEARN…

So begins the path to a truly decentralised index — The team has been working with our advisors on a transitional plan to realise our “truly decentralised index” vision. The general idea is that with each rebalance, more power is transferred from the team to the community. Rebalance #1 is the first step of this power transfer where the community…

Mandate BDI’s mandate will be to provide diversified exposure to DeFi blue chips, while charging no fees and farming yield safely. It is aimed at the long term passive investor as a safe set-and-forget investment. Inclusion criteria The following inclusion criteria ensure that BDI follows its mandate, by controlling the tokens that may…

In the past 5 weeks, we have leveraged what we can from the market that existed before us to bootstrap liquidity for BDPI: ~$56M BDPI total market cap ~$52M BDPI-ETH liquidity on Sushiswap ~$3M daily trading volume These are the numbers are post a heavy reward reduction, confirming our belief that BDPI is becoming self-sustaining. It’s time for BDPI to take on its own evolution. New Symbol: BDI New Name: BasketDAO DeFi Index

How BDPI increases in value and xBASK holders get paid — Where does the yield come from? BDPI holds yield bearing tokens, in the form of cTokens from Compound, aTokens from Aave and xSushi. These tokens accrue yield in a variety of ways. cTokens appreciate in value and are able to claim COMP rewards aTokens are streamed more aTokens xSushi appreciates in value We refer to the…