CIP #12 - Ethereum Ecosystem Index on Avalanche

Status: Proposed Discussion link: https://gov.cook.finance/t/avalanche-data-and-iot-index/ Created: 1/18/2022

Executive Summary

To add an index composed by some of the best Ethereum ecosystem tokens

Problem Statement

Currently only Native Avalanche project tokens are available on Cook such as the Avalanche Ecosystem Index. But nothing exists outside of the Avalanche ecosystem in terms of project tokens

Proposed Solution

Overview

To create an index composed by tokens of protocols originated from the Ethereum chain.

Rationale

It’s always good to diversify your portfolio. Providing an Ethereum Ecosystem exposure index gives Cook Avalanche users an option to diversify crypto investments.

Specification

To request that the Cook core team implement an Ethereum ecosystem exposure index. The components should be WETH.e, LINK.e, AAVE.e, CRV.e, WOO.e, ALPHA.e. SPELL, and the allocation should be based on market cap with 25% cap as allocation limit.