Should the rebalancing frequency of the SCIFI Index be changed from monthly to quarterly?

What? As the newest suggestion from our SPICE DAO forum it was proposed to change the rebalancing frequency of the SCIFI index from monthly to quarterly.

Why? Following the same strategy being implemented in our GBI Index it was proposed to apply the same strategy to the SCIFI Index. The reasoning behind the proposal is that by changing the rebalancing frequency from monthly to quarterly we would reduce the costs involved in the transactions, reduce short term impact of underlying volatility and therefor provide potentially higher returns.

Each time a rebalancing happens, there is a bit of slippage between the exchanged assets (usually in the low one-digit percentages) because the assets are exchanged on Uniswap. So less rebalancing events lead to less slippage and money saved on gas fees, which over the lifetime of the index will add up.

How? Assuming a positive vote on the change of the SCIFI Index rebalancing frequency to quarterly, Mission Control will put the change in effect immediately so the next rebalancing event would take place on January 19th 2022.