BUOY

BUOY

Created using Figma
Created using Figma
CREATING NEW GENERATION OF ERC-20 INDEX FUNDS
To be announced
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About BUOY

Buoy is an ERC-20 token designed from the ground up to reimagine the way decentralized index funds are actually funded. In the abstract, index fund tokens like Buoy are not new. Over the year, we have seen a surge of these type of autonomous index funds. These funds are attractive both for their high APY pools and the fact they are treading new ground in the DeFi market. Since other tokens such as Statera have demonstrated proof of concept for these types of index funds, we won’t spend our time exploring the value of an ERC-20 index fund as a whole.

One of the main questions which remains unanswerable by the majority of index tokens today, ‘what is it exactly that makes your token valuable?’ It’s important to take this question seriously, as it is not always so trivial. Obviously, the token isn’t valuable on its own, at its base it is a rather standard ERC-20 contract. The automated pool2 which these tokens are taking advantage of is a DAO, and not proprietary to any one token. 

Activity

Followers:
403
VERY LOW
Tweets:
32
VERY LOW
30 Days Growth:
-21
Alexa

Rank:
8 515 730
VERY LOW
Delta:
-1 510 666
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