CIP #2 - Add four new indexes to Cook

Status: Proposed Author: @ChefGR Discussion Link: https://gov.cook.finance/t/cip-2-more-indexes-on-cook-platform/75 Created: 9th October 2021

Executive Summary

The crypto industry evolves at the speed of light. The Cook community has asked for more indexes to better cover growing areas within crypto that have a large potential for growth.

Problem Statement

The Cook platform currently only has two indexes: Cook Largecap Index (CLI) and Ethereum DeFi Index (EDI). The Cook community has requested for more indexes to be included in the Cook platform to reflect the growing and changing crypto universe.

Proposed Solution

Overview

Add four new indexes to the Cook platform that include protocols representing NFTs, Metaverses, Infrastructure and Derivatives.

Rationale

There are many fascinating developments in these four areas. By creating and including a selection of some of the most popular assets in each of these categories, users will be able to get broad exposure in a single new index.

Specification

To request the Cook technology protocol team to implement the four indexes on the ETH mainnet:

NFTs: AXS, CHZ, ENJ, MANA, AUDIO, GALA, SAND

Metaverses: MANA, SAND, YGG, UFO, STARL, DG, RFOX

Infrastructure: LINK, FTM, GRT, RPL, UBT, ORBS, AELF

Derivatives: SNX, PERP, UMA, INJ, MIR, STPT, DDX

The methods should be market cap weighted.