Question 1

What is DEFI.ssi (DEFI.SSI)?

Accepted Answer

DEFI.ssi (DEFI.SSI) is an ERC-20 token issued on Base that represents an index-style basket of decentralised finance (DeFi) assets. It is designed to package exposure to multiple DeFi tokens into a single token that aims to reflect the basket’s combined value.

Question 2

What is DEFI.ssi (DEFI.SSI) used for?

Accepted Answer

- **Index exposure in one token:** DEFI.SSI is intended to provide exposure to a defined basket of DeFi assets through a single token holding.
- **Rules-based composition:** The basket is described as having 10 constituents, weighted by circulating market capitalisation and rebalanced monthly.
- **Mint and redeem process:** Issuance and redemption are handled through a whitelisted participant model with KYB checks, intended to support alignment between market price and the basket value.
- **Custody model:** The underlying assets are held with third-party custodians as part of the product structure.

Question 3

Who created DEFI.ssi (DEFI.SSI)?

Accepted Answer

DEFI.ssi is issued as part of the SoSoValue Indexes (SSI) product suite developed by SoSoValue. SoSoValue has been reported as being co-founded by Jessie Lo, May Wang and Jivvva (Jiva) Kwan.