#8 Rebalancing of the SCIFI INDEX, August 2021

What?

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

$LINK - Chainlink (to remove)

$YF-DAI - YFDAI Finance (to remove)

$BAL - Balancer

$CRV - Curve Finance

$FTT - FTX Token

$SUSHI - SushiSwap

$DIA - DIA

$GTC - Gitcoin

$PERP - Perpetual Protocol

$SPICE - SPICE

Constitutes up for vote:

$LINK - Chainlink

$YF-DAI - YFDAI Finance

$BOND - BarnBridge

$BORING - BoringDAO

$NMR - Numeraire

$INJ - Injective Protocol

$QUICK - Quickswap

$CHR - Chromia

$HEGIC - Hegic

$MLN - Enzyme

When?

We propose the following timeline:

Today - Start of open discussion

16.08 - Proposal formalised and vote opened on Snapshot.page

18.08 - End of vote and communication of results

19.08 - Execution of rebalancing

The vote is now live!

:sparkles: You can VOTE HERE :point_left:

:rocket: Like & retweet :point_left:

End of vote and results on August 18, 3pm CEST 2021

Rebalancing execution on August 19, 2021

:round_pushpin: The 8th SCIFI Index rebalancing vote is over!

The SPICE DAO has spoken and the new constitute that will be part of the SCIFI Index have been chosen and is now added to the index:

:dizzy: $INJ - Injective Protocol is the first bespoke interoperable protocol built for decentralized finance applications. Anyone can create new DApps using Ethereum-based tooling, fast transaction times, and instant finality while receiving unparalleled developer incentives.

$YF-DAI is out.

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Injective Protocol website