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About Indexed Finance (NDX)
Indexed Finance is a project that focuses on passive portfolio management strategies for the Ethereum network. The project is governed by the holders of its governance token NDX, who use it to vote on proposals for protocol updates and high-level index management, such as the definition of market sectors and the creation of new management strategies.
Indexed Finance's first product is a set of capitalization-weighted index pools designed to replicate the behavior of index funds. These index pools simplify asset management on Ethereum by creating a single asset that represents ownership in a diverse portfolio that tracks the market sector the index represents. Each index pool has an ERC20 index token that anyone can mint by providing the underlying assets in the pool, burn to claim the underlying assets, or swap with exchanges to manage their exposure to specific markets easily.