Coinspeaker
Truflation Expands Offerings with New Deadlift Index for Investors
Truflation, a blockchain knowledge supplier backed by Coinbase, is broadening its service choices with the launch of its newest product, the Deadlift Index. The device is designed for buyers searching for modern strategies to trace and assess market tendencies for extra knowledgeable funding choices.
Based on a press launch shared with Coinspeaker, the introduction of the Deadlift Index was impressed by unbiased analysis performed by Pieter Ranges, a blockchain fanatic on X, which discovered that CEOs who usually have interaction in weightlifting are likely to outperform these inside the S&P 500 who don’t have interaction in related actions.
Merging Health, Finance, and Company Efficiency
The Deadlift Index is designed to combine health, market tendencies, and company efficiency, providing buyers a novel strategy to consider firms. Truflation mentioned its objective is to ship a novel device that not solely tracks conventional Actual-World Belongings (RWAs) however measures company efficiency utilizing non-financial indicators in actual time.
The corporate described the brand new index as “an modern device for buyers keen on inventive and various market analyses. ” It sees the product as a part of its broader mission to redefine how buyers analyze and perceive markets.
Stefan Rust, the corporate’s CEO and founder, mentioned the launch is a part of Truflation’s dedication to equipping customers with the required instruments for navigating in the present day’s dynamic financial panorama.
“At Truflation, we goal to supply our customers with the sources they should adapt to an evolving financial system. The Deadlift Index, together with our customizable user-created indices, presents unmatched flexibility in monetary evaluation,” Rust mentioned.
Truflation’s Rising Portfolio of Market Instruments
Truflation has been within the enterprise of delivering real-time financial and inflation knowledge to buyers since its launch in December 2021. The corporate has rolled out varied market instruments together with devoted dashboards that observe inflation charges for america, the UK, and Argentina governments.
Based on Truflation, along with the brand new index, customers are already displaying curiosity in indices such because the Vegan Index, which measures firms that prioritize sustainability and moral practices, or the Millennial Index, which targets companies led by millennials or these recognized for modern enterprise fashions.
The Coinbase-backed agency mentioned it additionally supplies customizable choices for buyers, enabling customers to develop their very own indices tailor-made to their private funding methods. All of the indexes owned by the agency are powered by real-time knowledge streams, making certain dwell updates on the underlying elements, in contrast to conventional indices that sometimes replace on the shut of a buying and selling day.
Navigating Challenges Amidst Success
Regardless of its achievements, Truflation has confronted a number of hurdles together with a current assault on the platform . In September, the decentralized knowledge supplier fell sufferer to a cybersecurity breach that resulted within the theft of roughly $5 million.
The Coinbase-backed agency disclosed that the attackers used malware to infiltrate its system, getting access to firm funds. On the time, Truflation acknowledged it was working with legislation enforcement companies and business companions to establish the hackers and get better the stolen belongings.
As a part of its efforts to resolve the incident, the corporate has supplied a $500,000 bounty reward to the hackers for returning the funds or to any particular person who will help establish these chargeable for the assault.
Truflation Expands Offerings with New Deadlift Index for Investors