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
The rebrand further distils BDI’s 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.
