The Alongside Crypto Market Index or AMKT is a crypto index fully collateralized by 25 of the top crypto assets by market cap. By holding the index you get exposure to the crypto market.
Very cool, one thing that I wanted to see on the home page though was a chart showing the performance over the last 12 months by each day if possible.
I would come back and check that regularly to see where the cryptocurrency market as a whole was heading and then trade this instrument if I saw an attractive pattern.
Hope that helps!
@alex_booth1 Hi Alex, as the product has only just released there isn't enough data to show the past 12 months performance - really good idea for the future though. Thanks for the feedback :)
We worked to develop AMKT because we believe that indexes will provide a new primitive. With AMKT you can get exposure to the large cap as well as the longer tail of the crypto market. The index has been designed to track the top 25 cryptocurrencies by market cap; in addition to being fully composable, redeemable and liquid.
At launch AMKT is available for purchase at Uniswap and Gate.io.