The CoinMarketCap 20 Index DTF (CMC20) is a decentralized, tradable index token tracking the top 20 cryptocurrencies by market capitalization, excluding stablecoins and wrapped assets. It simplifies diversified crypto exposure through a single investment vehicle.
Market-Cap Weighted Benchmark – Tracks the largest, most liquid crypto assets (e.g., BTC, ETH, BNB) to mirror broader market trends.
DeFi-Native Infrastructure – Built on BNB Chain for permissionless trading, minting, and redemption, powered by Reserve Protocol.
Governance by RSR Holders – Managed via decentralized voting by $RSR token holders who propose and approve index adjustments.
CMC20 acts as crypto’s answer to traditional market indices like the S&P 500, offering a single-token gateway to the top 20 cryptocurrencies. It solves the complexity of managing a diversified portfolio in a market with over 27 million tokens, filtering out stablecoins, wrapped tokens (e.g., WBTC), and assets with regulatory risks. By focusing on market-cap leaders, it aims to reflect the crypto market’s overall health while mitigating the volatility of individual assets.
CMC20 runs on BNB Chain, leveraging its liquidity and DeFi ecosystem for seamless trading and composability. Cross-chain bridges like Celer’s cBridge enable non-native assets (e.g., Toncoin, Hyperliquid) to be included in the index. The token is minted and redeemed on-chain via Reserve’s protocol, ensuring transparency and real-time updates. Monthly rebalancing adjusts holdings to match CoinMarketCap’s rankings.
Governance is decentralized: $RSR holders lock tokens to vote on proposals, such as adjusting the index’s composition or fees. Governors earn a share of TVL fees, incentivizing active participation. This contrasts with centralized indices, where decisions are made by a single entity.
CMC20 combines institutional-grade indexing with DeFi’s accessibility, offering a diversified, onchain crypto portfolio in one token. Its success hinges on maintaining accurate tracking amid market shifts and competing with traditional financial products like the S&P’s planned DM50 index. How might decentralized governance evolve to keep pace with rapid market changes?
CMC AI can make mistakes. Not financial advice
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