The CF DeFi Composite Index is a liquid, investible benchmark portfolio index that tracks the return performance of decentralised financial services, commonly referred to as "DeFi". The index is comprised of three distinct sub-portfolios of fixed weight that represent the components of blockchain architecture that are required to deliver decentralised financial services to individual and institutional end users; decentralized applications (dApps) via DeFi protocols, Services and Settlement Blockchains. Digital assets are classified in accordance with the CF Digital Asset Classification Structure (DACS) for sub-portfolio eligibility.
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For more information on this index, please visit:
https://www.cfbenchmarks.com/data/indices/CFDFMWLDN_RR_TR
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.
Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.
The logical next step towards our goal of enabling practical deployment of our crypto factor model is executable portfolio constructions that provide targeted factor exposure.

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Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.

Gabriel Selby
Crypto risk appetite weakened further into the start of February, with broad-based selling hitting high-beta first: Ether slid 20% with Bitcoin -12%. Finance tokens were relatively resilient in our CF DACS universe, but BTC implied volatility rose even as USDT funding rates eased (SIRB -116.1 bp).

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