#12 Rebalancing of the SCIFI Index, Q2 2022

What?

Mission Control presents the list of potential new assets to remove and include in the SCIFI index token for the Q2 2022 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 April.

Current constituents

$SUSHI - SushiSwap (to remove)
$KP3R - Keep3rV1 (to remove)
$FTT - FTX Token
$FTM - Fantom
$CRV - Curve Finance
$PERP - Perpetual Protocol
$BAL - Balancer
$NMR - Numeraire
$DIA - DIA
$SPICE - Spice

Constituents up for vote:

$SUSHI - SushiSwap (to remove) - TVL has dropped continuously since Nov 2021
$KP3R - Keep3rV1 (to remove) - TVL has dropped 50%+ in recent weeks
$BORING - Boring DAO - The ultimate DAO-driven inter-blockchain hub for Web 3.0
$SNX - Synthetix - If we’re bullish synthetics we should be bullish SNX
$BOND - Barnbridge - Expands DeFi functionality, tokenizing market fluctuations and exposure to risks
$STG - Stargate Finance - Liquidity transport protocol allowing users to transfer assets cross-chain
$DYDX - dYdX - L2 protocol that uses zero-knowledge proof to batch main net transactions
$CHR - Chromia - Relational blockchain platform, makes building decentralized apps easy
$FXS - Frax Shares - The Frax Protocol is the first fractional-algorithmic stablecoin system
$HEGIC - Hegic - On-chain options trading protocol powered by hedge contracts and liquidity pools

When?

We propose the following timeline:

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

17.04 - End of vote

18.04 - Communication of results

19.04 - Execution of rebalancing

20.04 - Introduce new constitutents

Great, let’s do this!