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Just spotted something interesting—CMC20 dropped as what they're calling the first DeFi-enabled tradable index token in crypto.
Basically it's an index token running on BNB Chain that gives you exposure to the top 20 crypto assets in one trade. CoinMarketCap built this thing to let people get diversified allocation without buying each coin separately.
The DeFi-native angle means it's fully on-chain and tradable like any other token. Pretty clean solution if you want broad market exposure without managing 20 different positions.
Anyone digging into how the rebalancing mechanism works? Curious how they're handling the weight distribution across those top 20 assets.