#9 Rebalancing of the SCIFI Index, September 2021

What?

Mission Control presents the list of potential new assets to remove and include in the SCIFI index token for the September 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 20th of the month.

Current constitutes

$GTC - Gitcoin (to remove)

$LINK - Chainlink (to remove)

$INJ - Injective Protocol

$BAL - Balancer

$CRV - Curve Finance

$FTT - FTX Token

$SUSHI - SushiSwap

$DIA - DIA

$PERP - Perpetual Protocol

$SPICE - SPICE

Constitutes up for vote:

$GTC - Gitcoin

$LINK - Chainlink

$BOND - BarnBridge

$BORING - BoringDAO

$NMR - Numeraire

$NXM - Nexus Mutual

$QUICK - Quickswap

$CHR - Chromia

$HEGIC - Hegic

$ROOK - KeeperDAO

When?

We propose the following timeline:

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

16.09 - End of vote and communication of results

20.09 - 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 September 16, 4pm CEST 2021

Rebalancing execution on September 20, 2021

:round_pushpin: The 9th 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:

:sparkles: $NXM - Nexus Mutual with 49.95% of the votes is the first of the two to join $SCIFI Index. Nexus Mutual is a decentralised alternative to insurance. The platform is built on the Ethereum public chain. It allows anyone to become a member and purchase cover. Welcome aboard, $NXM.

:sparkles: $NMR - Numeraire with 43.35% is second to join $SCIFI Index. Numerai is a new kind of hedge fund built by a network of data scientists. The Numerai Tournament is where you build machine learning models on abstract financial data to predict the stock market. Your models can be staked with the NMR cryptocurrency to earn rewards based on performance. Welcome $NMR!

Rebalancing execution will happen on September 20, 2021

:round_pushpin: The 9th SCIFI Index Rebalancing is completed!

The 9th rebalancing is now completed and the following tokens have been successfully added to the index: $NXM - Nexus Mutual and $NMR - Numeraire

$GTC - Gitcoin and $LINK - Chainlink are out.

:heart: Like/Retweet: :dizzy:NUMERAIRE :sparkles:NEXUS MUTUAL