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Indexed Finance is a protocol that focuses on portfolio management and is similar to Exchange Traded Fund (ETF). The Assets Under Management (AUM) tracks the underlying assets’ performance.
Index pools are then tokenized into a token that represents the pool.
An Automated Market Maker (AMM) mechanism is integrated on the Indexed Finance protocol to rebalance the index pools. NDX token holders passively manage the pools via governance, including management strategies and the market sector’s definition.
Indexed Finance, an Ethereum-based project that fell victim to a $16 million hack in 2021

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