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Indexed FinanceIndexed Financeby0xba57717DCB02DfF6a84729dB15aB98edcb65C4a70xba57…C4a7

DEGEN: Vote for RGTs replacement and RSR Swap

Voting ended almost 4 years agoSucceeded

With the Fei-Rari merger and RSR contract change there are some mandatory housekeeping actions needed for the DEGEN index. It has also been noted in Discord that the current composition of DEGENis almost a year old and is due for a refresh.

The removal of RGT, replacement of RSR with the new RSR contract and asset list change was presented and commented on in the Indexed Finance Forum here: https://forum.indexed.finance/t/asset-list-update-degen-housekeeping-and-refresh-degen/841/5

The following list of tokens were suggested following conversations in the Indexed Discord and Forum amongst active members of the DAO. Recall that in order to be a valid asset, there must be 'sufficient' liquidity in a X/WETH pair on Uniswap V2 (we consider ~US$100,000 sufficient), and the circulating market cap must be at least US$50 million. To minimize IL impacts of changing multiple index components at the same time, this vote is to select only one token to replace RGT.

The choices (and their circulating market caps at the time of writing) are: • RBN – US74 million • TOKE – US$330 million • ASTRO – US$376 million • TRIBE – US$271 million • None , only remove RGT and Swap RSR

Off-Chain Vote

RBN
102.64K NDX97.6%
TOKE
1.12K NDX1.1%
ASTRO
841.9 NDX0.8%
TRIBE
538.09 NDX0.5%
None, only remove RGT & swap RSR
0 NDX0%
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Discussion

Indexed FinanceDEGEN: Vote for RGTs replacement and RSR Swap

Timeline

Apr 03, 2022Proposal created
Apr 03, 2022Proposal vote started
Apr 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated