What is CUNI?
CUNI (Compound Universal Token Index) is a tokenized index of the top 10 cryptocurrencies by market capitalization. It was created by Compound Finance, a decentralized finance (DeFi) protocol that allows users to lend and borrow digital assets. CUNI provides investors with exposure to the performance of the top 10 cryptoassets in one token, allowing them to diversify their portfolios without having to purchase each asset individually. The index is rebalanced monthly, and its components are weighted according to their respective market caps.
CUNI tokens can be purchased on several major exchanges, including Coinbase Pro, Binance US, Kraken, and Bitfinex. They can also be bought directly from Compound using either ETH or USDC. Once purchased, CUNI tokens can be used for trading or held as an investment. By investing in CUNI tokens, investors gain exposure to the performance of the top 10 cryptos without having to manage multiple wallets or track individual prices.
Compound has also launched a governance token called COMP which gives holders voting rights on certain decisions made on the platform such as protocol upgrades and fee changes. Holders of COMP will receive rewards in the form of CUNI tokens when they vote on proposals that are approved by the community.
Overall, CUNI is a great way for investors to gain exposure to the performance of some of the most popular cryptoassets without having to manage multiple wallets or track individual prices. For more information about Compound Finance and its products visit https://compound.finance/
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