Market Overview

As the crypto world is growing exponentially, especially with more businesses and countries accepting Bitcoin as a legit payment method, DeFi markets are booming as well. In just a little over two months of 2021, the total value locked (USD) in DeFi has grown from $16B to $40B+. On top of that, the number of total users in DeFi markets has risen to 1.4 million, which is seven times higher compared to the mid-2020. That is influenced by all the attention that the crypto markets attract lately, as well as the new emerging decentralized platforms that make DeFi accessible for everyone.

As one of the early adopters, Mixsome aims to build a sustainable and accessible environment in which people could acquire, trade, exchange, and sell various tokens in just one platform. The need for such a tool is obvious if we look at other protocols - Uniswap has recorded a cumulative volume of $100B+ with over 150k trades, while Furucombo’s trading volume is currently over $1B with 1,000 unique DeFi strategies since its launch in March 2020.

Direct competition

DeFi market is still nascent, especially in terms of index or ETF-like products. Closest to our vision is Index COOP, which aims to create pre-defined and community governed crypto ETFs. However, it doesn't offer clients a chance to make their own decisions and build their unique ETFs. Instead, it relies on the community and its ability to make correct decisions as a whole. Mixsome will take a different approach and allow investors to create various baskets and indexes themselves. It should allow people who don't want to depend on anyone when it comes to finances to have an opportunity to make money from buying, trading, and investing in crypto ETFs.

Furucombo and dHedge are also creating similar ETF products for crypto and DeFi markets, powered by smart contracts. dHedge focuses on indexes or funds run by individuals similar to the fund-like structure. Users can follow every manager on the leaderboard and follow their winning strategies. With no minimum deposits or funds required, dHedge is extremely easy to access.

Furucombo is allowing the creation of individual combos of different DeFi protocols and tokens. It simplifies many processes in the DeFi market, and that's why Binance X invested in this platform to boost its visibility and mass adoption. And yet, Mixsome offers a more user-friendly UX and even more convenient ways to build your own DeFi ETF.

Untapped Markets

Pre-defined, structured DeFi indexes/ETFs

Crypto specific indexes, e.g. DEXes, Privacy, Scaling solutions

Synthetic assets, baskets of real-world tokenized assets

NFT baskets and trading strategies

Tracking and mimicking of traders wallets (like Tradeview)