The project must be widely considered to be building a useful protocol or product.The token’s economics must not have locking, minting or other patterns that would significantly disadvantage passive holders. At least 7.5% of the five year supply must be currently circulating. It must be possible to reasonably predict the token’s supply over the next five years. None of the following will be included in the index: Wrapped tokens, Tokenized derivatives, Synthetic assets, Tokens that are tied to physical assets, Tokens that represent claims on other tokens. The token must be a bearer instrument.The token must not be considered a security by the corresponding authorities across different jurisdictions.The token must be available on the Ethereum blockchain.The inclusion criteria are the basis to select what tokens will be included in the index. Two dimensions are used to evaluate the token’s characteristics, one dimension is used to assess the project’s characteristics, and one is used to evaluate the protocol’s characteristics. The DeFi Pulse Index considers a wide range of characteristics that can be placed in four dimensions. Any excess weight above 25% that would have been allocated to the token is redistributed to the remaining components of the DeFi Pulse Index on a proportional basis. Index constituents are capped at a 25% max allocation to avoid over-concentration. The DeFi Pulse Index methodology weights tokens in the index according to their market cap based on circulating supply.
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