Buy Indexed Finance (NDX)
What is Indexed Finance?
Indexed Finance is a project focused on developing passive portfolio management strategies on the Ethereum network. It aims to provide decentralised and automated portfolio management solutions by creating diverse indices of tokens using smart contract technology.
How does Indexed Finance work?
Indexed Finance operates on the Ethereum blockchain, leveraging smart contracts to create and manage indices. These indices automate portfolio management by using predefined strategies to maintain optimal token compositions within each index. The project uses Ethereum’s Proof of Stake (PoS) consensus mechanism and allows token holders to engage in governance decisions through voting.
What are the potential use cases for Indexed Finance?
Indexed Finance supports several use cases including:
- DeFi Index Investing: Offering indices representing various themes within the cryptocurrency ecosystem.
- Passive Portfolio Management: Allowing users to invest in diversified token baskets with minimal intervention.
- Governance Participation: Enabling NDX token holders to vote on protocol and index management.
- Asset Management: Providing a transparent and efficient way to manage crypto assets.
- DEX and Liquidity Pools: Integrating with decentralised exchanges to automate index rebalancing and yield generation.
What is the history of Indexed Finance?
Founded in December 2020 by Dillon Kellar and team, Indexed Finance was conceptualised to replicate traditional index funds using Ethereum's blockchain. Notable events include a significant hack in 2021 which led to proactive recovery efforts and the project's defence against subsequent DAO hijacking attempts in 2023. The team continues to enhance its governance model and expand market presence through integration with DeFi platforms and wallets.
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Frequently Asked Questions (FAQs)
What is the current price of Indexed Finance (NDX)?
The Indexed Finance price is $0.0111792 AUD, representing a +3% from the day prior.
Where is the best place to buy Indexed Finance (NDX) in Australia?
The best place to buy Indexed Finance (NDX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Indexed Finance (NDX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Indexed Finance (NDX)?
The trading volume of Indexed Finance (NDX) is $168 AUD in the last 24hrs, representing a +3% from the day prior.
How can I buy Indexed Finance (NDX)?
Indexed Finance (NDX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Indexed Finance (NDX)?
The current market cap of Indexed Finance (NDX) is $39.0K AUD.
Can I convert Indexed Finance (NDX) to cash?
Yes - With Coinstash you can convert your Indexed Finance (NDX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Indexed Finance (NDX) are there?
The current circulating supply of Indexed Finance (NDX) is 3.4M.
Is Coinstash a safe place to buy Indexed Finance (NDX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Indexed Finance (NDX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.