- 1 Overview of DEGEN Index
- 2 Degen Index / USD Forecast, DEGEN price prediction: Buy or sell Degen Index?
- 3 Want Daily DEGEN Price Updates?
- 4 What do you think about the DEGEN Index today?
- 5 Hello! What’s your background, and what are you working on?
- 6 What is the Omega Vault?
- 7 What are your goals for the future?
- 8 What are your future thoughts for the DeFi market?
- 9 What’s Indexed Finance backstory?
- 10 Add to your brokerage account?
- 11 What’s your position on the regulatory landscape today?
- 12 What went into building Indexed Finance?
- 13 What’s your business model?
- 14 History of DEGEN Index
Overview of DEGEN Index
Degen Index / USD Forecast, DEGEN price prediction: Buy or sell Degen Index?
DEGEN Price is 8.581 USD today.
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What do you think about the DEGEN Index today?
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Hello! What’s your background, and what are you working on?
My name is Dillion Kellar, and I am the founder of Indexed Finance.I have been tinkering with Solidity for the past three years and did monstly contract work for various crypto projects.My last gig before building Indexed was at Dharma, where I was hired to build a Layer-2 EVM to scale their wallet transactions.
What is the Omega Vault?
The Omega Vault allows you to view, track and monitor your financial health in real-time.Whether buying a home or refinancing your mortgage, the vault will help you make informed, data-driven decisions.
What are your goals for the future?
In the short term we want to build a couple of new indices.Our goal is to always develop indices for new market sectors users want to get exposure to.We’ve received a lot of requests for an NFT index for instance because many people have no idea of that sector but understand its growth potential and want to participate.We’re also working on developing a long-term (a.k.a sustainable) liquidity mining strategy and improving our tokenomics.
What are your future thoughts for the DeFi market?
I think the governance discussion is super important for the future of DeFi.How can we involve more people into the governance of a protocol? What’s the role of the core team? How will protocols be governed in 2-5 years from now? In a world where every multi-billion dollar application is governed by a protocol, your protocol must be set up in a way that it can survive in the long-term.
What’s Indexed Finance backstory?
I launched a beta version of Indexed in December 2020.At that point I had been working on the code for about 4-5 months just by myself and frankly had no idea what to expect once I would deploy the code on the mainnet.
Add to your brokerage account?
Many DWS funds are available on brokerage platforms.Check with yours today.
What’s your position on the regulatory landscape today?
We’re not experts in this domain but it seems like regulators are taking a wait and see approach.They also seem to prefer truly decentralized protocols over centralized ones which they view as money grabs.This is why we diluted the core team as fast as possible by having a quite aggressive emission schedule in the first liquidity mining program.A total of 25% of the token supply was distributed to early adopters within two months so at this point we’re not majority stakeholders anymore.Our stake in the protocol will only become smaller over time.
What went into building Indexed Finance?
A lot of hard work.You would think the hardest part is building the initial contracts and deploying them.But the real work only starts after that’s done.Building a community and continuing to ship features that differentiate the project is infinitely harder.
What’s your business model?
Right now we don’t charge any fees.Some competitors charge streaming fees which are paid annually on the TVL managed by the protocol.We haven’t decided which route we’re going to take but would ideally like to stay away from charging users directly.