SetProtocol launches the FAANG index which uses synthetic mirror assets to track the performance of the top 5 US technology stocks.

According to legitimate media, Set Protocol, an asset management system, has just announced the release of the FAANG index, which aims to track the performance of five US technology companies in order to provide DeFi users with channels attached to it. their technological baskets. Products include Facebook, Google, Netflix, Amazon, and Apple. Proprietary properties of the instrument were developed using old Synthetic Assets Protocol Mirror mAssets, and measurement weights were equal (20%) of each mAset and cited again quarterly. The Mirror Protocol was started by Terra, a company that aims to share the cryptocurrency market with the traditional market by tracking the market value, going forward, of currencies and other financial assets. Mirrored Protocol mAssets can be exchanged through the DeFi app on Terra, Ethereum, and Binance Chain.