#10 Rebalancing of the SCIFI Index, October 2021

What?

Mission Control presents the list of potential new assets to remove and include in the SCIFI index token for the October 2021 rebalancing.

Why?

The SCIFI Index is an actively curated index, rebalanced on a monthly schedule. By opening the rebalancing decision to the DAO we are keeping in line with the core value proposition of the SCIFI index and following its methodology.

How?

Mission Control will suggest two tokens to be removed and 8 potential additions to the index. The 10 assets will include the two tokens that Mission Control suggests removing, so that the DAO may choose to keep them in after all. The two assets with the most votes will be included. The voting is token weighted. The rebalancing will be implemented on the 19th of the month.

Current constitutes

$NMR - Numeraire (to remove)
$INJ - Injective Protocol (to remove)
$NXM - Nexus Mutual
$BAL - Balancer
$CRV - Curve Finance
$FTT - FTX Token
$SUSHI - SushiSwap
$DIA - DIA
$PERP - Perpetual Protocol
$SPICE - SPICE

Constitutes up for vote:

1 $NMR - Numeraire
2 $INJ - Injective Protocol
3 $HEX - Hex
4 $GEL - Gelato
5 $CFG - Centrifuge
6 $BOND - BarnBridge
7 $BORING - BoringDAO
8 $QUICK - Quickswap
9 $CHR - Chromia
10 $HEGIC - Hegic

When?

We propose the following timeline:

Today - Start of open discussion and vote opened on Snapshot.page

16.10 - End of vote and communication of results

19.10 - Execution of rebalancing

The vote is live now: Snapshot

:round_pushpin: The 10th SCIFI Index rebalancing vote is over!

The SPICE DAO has spoken and the two new constitutes that will be part of the SCIFI Index have been chosen:

$HEX – Hex, with 44.40% of the votes, $HEX is the first of the two tokens to join $SCIFI. Hex is first blockchain Certificate of deposit. By locking any amount of HEX you choose for a period of time between 1 and 5555 days, you “stake” your deposit and gain interest every single day. The average APY is over 40%! Welcome aboard, $HEX.

$GEL - Gelato, is second to join $SCIFI index with 34.71% of the votes. Gelato enables everyone to leverage the power of a decentralized network of bots to fully automate the movement of their money between different protocols on Ethereum. Welcome $GEL.

Rebalancing execution will happen on Oct 19, 2021