#5 Rebalancing of the SCIFI Index, May 2021

What?

Mission Control presents the list of potential new assets to remove and include in the SCIFI index token for the May 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

$GRT - The Graph (To remove)

$YF-DAI - YFDAI Finance (To remove)

$FTT - FTX Token

$SUSHI - SushiSwap

$SUPER - SuperFarm

$FRM - Ferrum Network

$ROOK - KeeperDAO

$DIA - DIA

$SNOW - SnowSwap

$SPICE

Constitutes up for vote:

$PERP - Perpetual Protocol

$ENJIN - Enjin

$MLN - Enzyme Finance

$CRV - Curve Finance

$BAL - Balancer

$NXM - Nexus Mutual

$HOLO - Holochain

$BOR - BoringDAO

$GRT - The Graph

$YF-DAI - YFDAI Finance

When?

We propose the following timeline:

Today - Start of open discussion

16.05 - Proposal formalised and vote opened on Snapshot.page

18.05 - End of vote and communication of results

19.05 - Execution of rebalancing

So I really like Perp and BAL. Any reasons not too?

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:round_pushpin: 5th SCIFI Index rebalancing vote has started!

:sparkles: Vote: Snapshot

End of vote and results on May 18, 2021
Rebalancing execution on May 19, 2021

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I like

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The 5th 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:

$PERP – Perpetual Protocol, with 80,79% of the votes, is the first of the two tokens to join $SCIFI. Perpetual Protocol seeks to create a perpetual contracts trading protocol that anyone can use. Perpetual Protocol uses the scaling technology of xDai to increase the speed of trades compared to other Ethereum-based exchanges, as well as to offer zero gas fees on all trades. Welcome aboard, $PERP.

$YF–DAI, YFDAI Finance, that Mission Control suggested to remove, has been re-elected with 19,21% of the votes. YFDAI links traditional finance with decentralised networks to bring recognisable products such as lending, borrowing, saving, insurance and investment into a new era. Welcome again, $YF–DAI.

Check the (closed) vote here: Snapshot

The 5th SCIFI Index Rebalancing completed!

The 5th rebalancing is now completed and the following tokens have been successfully added to the index: $PERP (Perpetual Protocol) and $YF-DAI (YFDAI Finance). $GRT (The Graph) is out.

Check the voting results here

Check the updated methodology here

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