Neutrino enables the creation of an index backed by a collection of cryptocurrencies in the Waves ecosystem.
Additionally, the team behind Neutrino has created a [decentralized exchange](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) ([DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)) known as Neutrino Swap, which permits users to exchange cryptocurrencies in a decentralized manner, without relying on a central intermediary.