$ASSY: Aave, SushiSwap, Synthetix, and Yearn Index
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) mechanism.
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. This will have the effect of adding additional underlying tokens to the pool therefore increasing the price per ASSY.