As one of the first suggestions from the community in the new SPICE DAO forum it was proposed to change the rebalancing frequency of the GBI index from monthly to quarterly.
GBI is more of a passive strategy index that tracks some of the biggest large-cap assets in the crypto market where the constituents don’t need to be changed on a monthly basis.
The reasoning behind the proposal is that by changing the rebalancing frequency from monthly to quarterly we would reduce the costs involved in the transactions and therefore increase the return.
We will open conversation here and in the discord group, where SPICE DAO can discuss all the pros and cons involved in the proposed change.
After the discussion all the valid inputs will be collected, the proposal will be formalised and put up for a DAO vote on the Snapshot page.
Once the voting period ends, the decision will be announced and implemented.
The new rebalancing schedule will be effective after the upcoming rebalancing of the GBI, which will still take place on the regular monthly schedule on June 11, 2021.
We propose the following timeline:
Today - Start of open discussion on the Spice DAO forum
07.06 - Vote formalised and opened on Snapshot.page
10.06 - End of vote and communication of results
14.06 - Result will be implemented