News from the LINA Coin Development team on April 3, 2023
Dear Linear Community,
It’s time for the monthly rebalancing of the ℓDEFI index.
For those not familiar with the rebalancing process it can be simplified into the following steps:
PieDAO provides Linear with the current month’s weightings in spreadsheet format → Linear provides its Oracle partners with the spreadsheet → the Oracle partners provide Linear with the updated price data feed for ℓDEFI.
The table and pie chart below shows the resulting percentage allocations which were computed by adjusting the average market cap of all underlying’s over the past 30 days.
We look forward to providing you with the next update in a month.
Kind regards,
Linear Team
About Linear Finance
Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.
ℓDEFI April Rebalancing was originally published in Linear Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.
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