An index represents a group of assets, and its value is derived from the sum of all these assets.

An index can be used to track the performance of a specific market, such as the performance of all DeFi protocols, or to track the performance of a specific type of asset, such as a basket of stablecoins.

Indexes are useful for providing a snapshot of the performance of a particular market or group of assets. They can be used by investors to track the performance of their portfolio, by traders to make informed decisions about their investments, and by researchers to analyze trends in the market.

In crypto, indexes are often used to track the performance of different DeFi protocols and assets, providing a way to measure the overall health and growth of the DeFi ecosystem.

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