#11 Rebalancing of the SCIFI Index, Q1 2022

What?

Mission Control presents the list of potential new assets to remove and include in the SCIFI index token for the Q1 2021 rebalancing.

Why?

The SCIFI Index is an actively curated index, rebalanced on a quarterly 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 January.

Current constitutes

$NXM - Nexus Mutual (To remove)
$GEL - Gelato (To remove)
$NMR - Numeraire
$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 - $NXM - Nexus Mutual
2 - $GEL - Gelato
3 - $KP3R - Keep3rV1
4 - $ROOK - KeeperDAO
5 - $CFG - Centrifuge
6 - $BOND - BarnBridge
7 - $BOR - BoringDAO
8 - $FTM - Fantom Token
9 - $CHR - Chromia
10 - $HEGIC - Hegic

When?

We propose the following timeline:

Today - Start of open discussion

14.01 - Proposal formalised and vote opened on Snapshot.page

17.01 - End of vote and communication of results

19.01 - Execution of rebalancing