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Vampire Attack or Innovation? Basketdao Storms the DeFi Index Scene

BasketDAO has announced its new DeFi index: BDPI. By taking the same underlying assets and converting them to their yield-bearing equivalent, BasketDAO is offering better a better return than DeFi Pulse’s DPI. Innovation or vampire attack? One DeFi Index to Rule Them All At this point, DeFi Pulse’s DPI is a household name. Any DeFi user has seen DeFi Pulse’s analytics and has considered investing through their index DPI, representing many DeFi “blue chip” tokens. Still, competition has been mounting. BasketDAO is trying to chip away at DPI’s dominance in the DeFi index game. To do so, they will take…

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