Berlin – In a landmark development, Zeitgeist, the visionary dApp specializing in prediction markets, has forged a strategic alliance with CoinDesk Indices (CDI), the venerable provider of digital asset indices, holding the AUM crown since 2014. This game-changing partnership aims to introduce a new era of market signals for tradable crypto sectors.
Zeitgeist's CEO, Logan Saether, expressed his jubilation, declaring, "This collaboration marks a pivotal moment in our journey. By tapping into CoinDesk Indices' unparalleled expertise, we're set to offer prediction markets of unmatched caliber on one of the world's most renowned crypto index platforms."
Zeitgeist initially unveiled its prediction market application on the Polkadot tech stack back in 2021. Since then, it has experienced a consistent upward trajectory in prediction volumes. The company is now poised to host prediction markets tied to two prominent crypto sector indices: the CoinDesk DeFi Select Index and the CoinDesk Smart Contract Platform Select Index. These markets will serve as a platform for cryptocurrency traders and data analysts to potentially forecast the monthly performance of these indices.
CDI's sector indices are meticulously crafted to gauge the market capitalization-weighted performance of the most liquid digital assets that meet specific criteria. These indices are rooted in the Digital Asset Classification Standard (DACS), with each index composed of a diverse basket of digital assets.
As of September 30, 2023:
The CoinDesk DeFi Select Index includes the following assets: Aave (AAVE), Curve DAO (CRV), Maker (MKR), Lido DAO (LDO), Synthetix (SNX), and Uniswap (UNI).
The CoinDesk Smart Contract Platform Select Index comprises the following assets: Avalanche (AVAX), Cardano (ADA), Cosmos (ATOM), Ethereum (ETH), Polkadot (DOT), Polygon (MATIC), and Solana (SOL).
Andy Baehr, CFA, Managing Director at CoinDesk Indices, shared his enthusiasm, saying, "We are delighted to witness two of our select sector indices supporting prediction markets on Zeitgeist. The DeFi and Smart Contract Platform select indices, constructed using our DACS framework, provide users with convenient access to intuitive segments and key themes within the digital asset realm."
This exciting partnership between Zeitgeist and CoinDesk Indices is poised to reshape the landscape of prediction markets, offering traders and analysts new opportunities and insights within the crypto sector.
