Make additions to JPG index and rebalance accordingly

We are proposing to add new tokens to the JPG index and rebalance the index accordingly. The additions will diversify the index, and in particular add more profile pic (PFP) representation. In particular we are proposing to add the following NFTs from the NFTX liquidity vaults.

Mutant Ape Yacht Club (MAYC) Floor cap: 256k ETH (Rank 3) Market cap: 8970 ETH Liquidity: 1.7 ETH trading depth @ 1% aggregated trade size Inventory: 26 Note: Not currently represented in JPG

Chrome Squiggle (SQGL) Floor cap: 126k ETH (Rank 9) Market cap: 959 ETH Liquidity: 1.9 ETH @ 1% Inventory: 81 Note: Currently in JPG through uJENNY holding

Meebits (MEEB) Floor cap: 55k ETH (Rank 17) Market cap: 300 ETH Liquidity: 1.3 ETH @ 1% Inventory: 121 Note: Currently in JPG through WHALE and uJENNY holdings

All floor cap data are from nftpricefloor.com. Note that any reweighting that results in a <5% absolute difference for a given token will not be implemented and the weight will rather be distributed to the remaining tokens. This is to minimize turnover and the resulting slippage.

In order to support the above tokens in JPG we are also proposing to lower the underlying liquidity requirement for inclusion in the index. We are proposing to:

• Reduce the liquidity requirement from 2 ETH to 1 ETH trading depth at a 1% aggregated trade size

The reduced liquidity requirements will have a slight effect on the price-NAV (Net Asset Value) deviation of the index.