I would like to propose the listing of major stock index ETFs by market cap.
Allowing users to gain exposure to indexes via on-chain synthetic ETF positions will greatly encourage adoption of the dSYNTHS platform, as there is currently no other decentralized on-chain platform that does this in a satisfactory way.
I have chosen some of the most commonly traded and highest market capitalization ETFs on the market today. These include:
• $SPY - SPDR S&P 500 ETF Trust • $QQQ - Invesco QQQ Trust • $DIA - SPDR Dow Jones Industrial Average ETF Trust • $VTI - Vanguard Total Stock Market ETF • $GLD - SPDR Gold Shares • $BND - Vanguard Total Bond Market ETF • $VXX - iPath Series B S&P 500 VIX Short-Term Futures ETN
These ETFs allow users and long-term investors to diversify their portfolio in a much simpler fashion, and are regularly recommended for investors that do not want to be actively managing their positions (with perhaps the exception of $VXX).
To drive user growth to this platform, I believe including exposure to these indices and assets is essential, as I believe that exposure to these tickers on chain is what many people look for, rather than exposure to individual stocks.
Unfortunately, however. Many of these ETFs normally pay dividends from the underlying companies that are part of the index. The indexes that these ETFs track, however, do not. That is why I am including an option to vote to include the underlying indexes themselves. If this option is voted for, I will create a separate proposal that asks on whether or not the indexes themselves, and not their corresponding ETFs, should be listed (i.e. listing $SPX instead of $SPY).
Please select the ETFs from the above list that you would like to be listed on the dSYNTHS protocol.