TeraSurge is launching a Decentralised Crypto Index with Nord Finance named CMI
TeraSurge is partnering with Nord Finance to launch a Decentralized Index fund known as Crypto Major Index (CMI). Decentralized finance is competing with conventional crypto trading protocols and is empowering traders to leverage the ultimate potential of virtual assets. The inevitable future created through evolving Defi protocols is breaking the barriers and reconstructing the whole paradigm to determine equality.
Nevertheless, TeraSurge, a premier Crypto Hedge fund, and Web 3.0 focused venture turn every stone to render its user base with the best possibilities in the crypto industry. Nord Finance, a blockchain agnostic platform, is a next-gen decentralized financial ecosystem that simplifies decentralized finance products for its users. Furthermore, the partnership will put forward TeraSurge and Nord Finance to rethink the future of crypto through their non-custodial decentralized funds.
Crypto Major Index (CMI) Investment Thesis
CMI is an HTF trend-based index that follows BTC price movements and weighs price movements of other crypto assets linked to BTC’s movements. CMI’s strategy is optimized to maximize the ROI of its investors upon inter token volatility. CMI is an actively managed index that will be rebalanced every quarter based on crypto market trends.
A trend continuation in BTC is expected in the coming months. This increases the probability of Large cap Altcoins, including ETH, to consolidate in comparison to BTC. Also, whenever such a trend is observed in the market, High-value sectors in terms of user activity and revenue, e.g., Defi, are likely to outperform both BTC and their respective Layer 1.
A Glimpse at Crypto Major Index (CMI)
The Crypto Major Index will consist of the following assets and weightings:
BTC 80%
ETH 5%
Doge 5%
MATIC 2.5%
Aave 2.5%
CRV 2.5%
UNI 2.5%
Moving ahead, the index will be rebalanced as per the market’s need or once every three months. Furthermore, a 15% fee will be charged from the overall investment gains from the users with zero exit and entry loads.
Decentralized Index Fund — A headstart to the imminent future
The surge of passive index funds has been a seismic shift in financial services over the past decade. In the near future, TeraSurge will work closely with Nord Finance on a more robust growth trajectory on the Crypto Major Index, followed by other indexes with diverse risk profiles to suit the requirements of a much larger audience
This fund will also have an integral structural advantage for the customers regarding liquidity. Besides this, deploying smart contracts to execute rebalancing, custody, minting, and redemption gives this decentralized index a significant cost advantage. Also, the initial purchasing process is much easier and more efficient. Yet, the composable type of CMI also gives its users the utility within the more comprehensive DeFi ecosystem.
Amarnath Reddy, Co-founder, and CEO of Nord Finance, while commenting on the partnership, said
We are excited to partner with TeraSurge to expand our robust NORD Advisory services to a broader audience with their support and expertise. The new Crypto Major Index (CMI) created by TeraSurge will allow NordFinance users to invest in a diversified Index to help an investor get the benefit of all major Cryptocurrencies. Our partnership with TeraSurge will solidify NordFinance’s aim to give users top-notch DeFi advisory services to help them achieve their financial goals at their fingertips.
Mithil Thakore, Founding Partner at TeraSurge Capital, expressed his views and said,
TeraSurge Capital has been more focused on institutional strategies earlier. We are happy to foray into serving millions of new-age crypto users and thus happy to design a dedicated crypto-focused index for Nord Finance users. Nord Finance has built a robust infrastructure for running decentralized indexes for crypto investors worldwide and we believe this index is just the beginning of a long-term partnership, one of the many different strategies.
About TeraSurge Capital
TeraSurge is a standard Crypto Hedge fund and Web 3.0 driven enterprise fund that provides extraordinary returns for the most advanced global institutional investors. The enthusiastic pursuit causes the research cycle Of TeraSurge to see how the world’s digital currency market and other monetary business sectors work — utilizing state-of-the-art innovation to approve and execute the center systems.
About Nord Finance
Nord Finance, a blockchain agnostic platform, is a next-level decentralized finance ecosystem directed at simplifying the concept of decentralized money for its clients by featuring conventional money’s key components. Nord Finance is built on Ethereum Network. Multichain interoperability of NORD Finance powers a plethora of financial primitives, which constitute savings, advisory, loans against assets, investment/funds management, and swaps.
