CIP #7 - Avalanche Index

Status: Proposed Discussion link: https://gov.cook.finance/t/avalanche-chain-and-index Created: 11/9/21

Executive Summary

The Avalanche chain is growing fast so it would be good to make an Avalanche Ecosystem index.

Problem Statement

There are no Avalanche Indexes available.

Proposed Solution

Overview

Introduce a portfolio composed of WAVA, TIME, JOE, QI, YAK, PNG, PEFI.

Rationale

Avalanche is a popular chain and should have an Avalanche index.

Specification

Create an “Avalanche Eco System Index” composed of WAVA, TIME, JOE, QI, YAK, PNG, PEFI. The allocation should be by the Market Cap of each coin cap at 25% while WAVA should have up to 30%.