Colony Labs Launches Index Token Offering on Avalanche Ecosystem

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Colony Avalanche Index (CAI) is the first index token that provides exposure to the AVAX ecosystem. It was launched in collaboration with Colony Lab, the Avalanche ecosystem accelerator, and Phuture, a decentralised crypto index platform. The CAI coin has built-in dividends owing to Yield Yak integration. It is a safe and efficient approach to compound returns since the assets inside it are deployed to generate extra interest through the aggregator. Index funds are less risky than buying and holding stocks individually since they seek to replicate the index they follow.