# $ASSY: Aave, SushiSwap, Synthetix, and Yearn Index

### Description

Initially proposed by Marc Zeller of Aave, ASSY is a concentrated bet on four DeFi protocols: Aave, SushiSwap, Synthetix, and Yearn. It was the first index launched using the recently developed Dynamic AMM ([DAMM](https://docs.powerpool.finance/powerpool-and-poweragent-network/smart-portfolios/index-products/broken-reference)) mechanism. 

### How does the price appreciate?

ASSY price reflects the total value of the assets supplied in the index divided by the number of ASSY tokens minted (e.g. $5M Total Value / 3M ASSY tokens = $1.67 ASSY). For convenience in the calculation of ASSY performance the initial price of ASSY as set at $1 at inception.

In addition to the underlying token prices affecting  Power Pool is working on [staking of the underlying assets](https://docs.powerpool.finance/powerpool-and-poweragent-network/smart-portfolios/index-products/usdassy/underlying-token-staking). This will have the effect of adding additional underlying tokens to the pool therefore increasing the price per ASSY.

### Additional Rewards

Currently ASSY is eligible for [CVP liquidity mining](https://docs.powerpool.finance/powerpool-and-poweragent-network/smart-portfolios/index-products/usdassy/usdcvp-boost-program) rewards and can be boosted by depositing additional CVP along with your ASSY.