Greetings Publish0x community, today I want to introduce you to the latest product of Index Coop, a decentralized community led by crypto enthusiastic people all around the world, the Bankless $BED Index. Index Coop has launched 6 different tokenized indexes so far. The latest one, the $BED Index, is a product that lets you get exposure to all kinds of major crypto assets with only 1 click. By the launch, the $BED index is composed of Bitcoin, Ethereum, and the DPI index equally. So, you can get all three kinds of such crypto-assets through holding only 1 ERC-20 token named BED index. 

As all crypto and DeFi communities continue to grow, it's inevitable to see collaborations within the ecosystem. For example, the $BED index has not been launched by the Index Coop, only. With such inspiration, Index Coop was supported by the Bankless DAO community all the way through the launch. Now, you know the basics of the $BED index. Keep reading to dive into details...

What is the Bankless $BED Index?

BED is the abbreviation of ''Bitcoin, Ethereum, and DeFi'' respectively. As the name indicates, the $BED index is composed of 3 units. At launch, each unit has an equal share within the index. What it means, then? It means that you have a basket of BTC, ETH, and the major DeFi tokens. The main reason behind such an election is these three assets are the most investable ones. In addition to that, you will have a safe pathway on the way to capturing the most promising use cases in the near future. 

If you are a beginner in the crypto ecosystem, the BED index is a promising, successful, and easy tool while shaping your portfolio. On the other hand, if you are an investor and/or have an investment company, the BED index is a great tool to minimize costs while integrating your portfolio into the crypto world. Or if you are a regular, experienced trader within the cryptoshere, the BED index gives you the opportunity to leave the centralized exchanges and reach the real meaning of ''decentralization'' while not changing most of your wallet scheme. 

(Taken from IC Medium)

As you can see in the image above, the $BED index is as simple as the sum of Bitcoin, Etheruem, and the DPI. It aims to bring crypto-assets to everyone in a simple and safe way while driving the awareness of decentralized finance options. Those are the core points of both Index Coop and the Bankless DAO. So, collaboration is inevitable!

What are the Components of the $BED Index and How It Will Be Managed?

Within the world, nothing is unchanged. So, we must change to adopt the new, $BED index as well. It means that the equal share of BTC, ETH, and the DPI index is not static. At launch, Bitcoin and Ethereum are represented by wrapped tokens: wBTC, and wETH. And DPI represented itself. Both of them are running on the ERC20 chain. Also, the components show signs of heavy usage either as a network (BTC, ETH) or smart contract theme (DeFi). Shortly, you can check the chart below. 

Because DPI consists of major DEX/DApp tokens, you have the chance to get exposure additional 10+ tokens just by holding the BED index. After the July Rebalance of DPI, BADGER is the latest component of DPI. Now, you have $BADGER just via holding the BED index. Like DPI, the $BED index has scheduled rebalancing every first Friday of each month. It's made because of meets the needs of the crypto community and to be updated if an exit is needed. You can get more information about rebalancing here. 

According to the first rebalance of the BED index, the composition is a bit changed. Now, Ethereum has more shares than the others while the total share of the DPI index is reduced to near 30%. Don't forget to follow the official IC Twitter account to be updated about upcoming rebalancings. 

Why Do You Need the Bankless $BED Index?

• Simple to Manage. You don't need to check all your balances every single time to know how your portfolio is going. You only need 1 ERC20-supported mobile wallet! On the other hand, you should have at least 2 different wallets for holding Bitcoin and ETH/DPI. On the other hand, you have the opportunity to reach ''set-and-forget'' comfort. The BED index will transfer you all the crypto value and adoption.
• Cost-Efficient. As I've told you previously, the BED index is ideal for anyone in the crypto world. It's not important that how your portfolio is big. BED index will support you to grow it with the least commission. 
• Transparent. Because IC and Bankless DAO is created by community members, everything until the launch was open to anyone. From the proposal far back in February to the launch in mid-July, everyone in the community has an opportunity to add and/or remove something from the existing proposal. But it's not limited to the launch, of course. After the launch, you can verify every single movement within the $BED index by Etherscan or IC website. 

How to Buy the $BED Index?

Because $BED is an ERC20 token, it's available on DEXes running on the Ethereum network. You can swap any token you have to receive $BED on Uniswap V3. Please verify the contract address before taking any action to prevent any fund losses: https://etherscan.io/address/0x2af1df3ab0ab157e1e2ad8f88a7d04fbea0c7dc6

On the other hand, you can ETH to BED from the Index Coop website, here. You can use mobile wallets or Metamask as your choice of action.

*This article is created to spread the awareness of Index Coop and its features by utilizing my own experiences and the Index Coop Medium Blog. None of the words above contain any kind of investment advice! Please DYOR (Do Your Own Research) before investing.

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