Introducing: The Block's Open Finance Index (OFI)
December 6, 2019, 4:38PM EST · 5 min read
- Introducing The Block’s Open Finance Index (OFI), a novel metric for quantifying growth in the Open Finance industry.
- A departure from Total Value Locked, OFI leverages vertical-specific metrics to provide an accurate depiction of the state of Open Finance activity.
- OFI provides various insights into the state of Open Finance and has the potential to serve as a benchmark for Open Finance-related derivative products
Open Finance Open Finance broadly refers to blockchain-enabled permissionless and transparent financial services and products. These properties — permissionlessness and transparency — depart from traditional capital markets, where access to financial products and services has historically been both geographically confined and the underlying mechanics of financial services are carefully concealed by rent-seeking intermediaries. The field […]