About

A tokenised index weighted equally between Bitcoin (BTC), Ether (ETH) and DeFi Pulse Index (DPI).

History

Index Coop started in October 2020 with the aim of creating and maintaining crypto indices. Bankless DAO launched on 4 May 2021, evolving out of the bankless movement and Bankless LLC. In keeping with Bankless DAO’s drive to raise awareness of alternative money systems and Index Coop’s mission to make crypto simple and accessible, Bankless DAO proposed that the Index Coop manage a bundle of crypto-assets representing some of the most famous investments in crypto to make getting started in crypto easier.

On 22 July 2021 the Bankless BED Index (BED) was launched with the aim of providing exposure to three of the most prominent current crypto themes: digital gold, programmable money, and decentralized finance. Bitcoin (BTC), Ether (ETH) and DeFi Pulse Index (DPI) are included as an equally weighted bundle in an ERC20 token to represent each of these three themes respectively. While BTC and ETH represent a single asset directly, DPI is itself another bundle of assets and currently contains tokens from 15 of the most prominent decentralised finance projects such as exchanges, lending protocols or payment protocols. Due to its transparent, monthly rebalancing, BED is promoted as a diversified, “set-and-forget” option for investors and, as such, aims to provide a simple and accessible investment option for anyone, but especially those new to crypto, wanting passive exposure to established cryptocurrencies and tokens.