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CoinMarketCap, a global cryptocurrency data platform, and Reserve, a platform for creating on-chain token portfolios, have introduced CMC20, the first DeFi-native tradable crypto index token on BNB Chain. The index tracks the 20 largest cryptocurrencies by market capitalization and offers investors a single-token way to gain diversified market exposure.
Deployed by Lista DAO, CMC20 combines transparent DeFi infrastructure with features of traditional index products. As a native BNB Chain asset, the token supports permissionless minting and redemption around the clock and is compatible with listings on exchanges, wallets, and trading platforms.
CMC20 is rebalanced monthly to maintain exposure to the top 20 assets, excluding stablecoins, wrapped tokens, and assets with limited liquidity. The methodology includes Layer-1 networks, exchange tokens, infrastructure projects, DeFi protocols, and emerging sectors, offering broader representation than BTC- or ETH-only products.
The token’s DeFi architecture enables use cases such as collateralized lending, automated portfolio strategies, and delta-neutral trading. Retail users gain easier access to diversified exposure with fewer transactions. CMC20 can be minted by depositing the underlying asset basket or redeemed for its components, supported by Reserve’s transparent collateral and redemption system.
Image: Freepik
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