This voting proposal is for determining the assets and weighting of the ETP20. If you agree, you agree to the details of this post: https://gov.wsbdapp.com/t/etp-1-final-summary-pre-on-chain-vote/255.

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Proposed Specification Details:

Basket Size:

• The basket size of this ETP will be set at 20.
• Illiquid Assets: $RARI, $SWAP, $IDEX, $RAZOR

The feedback received was that most members were happy to keep the 4 tokens which are most illiquid in the current ETP, as well as in favour of keeping low cap projects in the ETP for performance reasons moving forward.

Market Capitalization Weighting:

Rather than using just market cap for the weighting, a squared market cap will be used to weight the constituents.

Weight Floor and Ceiling:

Asset constituents are capped to a weight of 15% and a 1% weight floor will be introduced.

Asset Eligibility:

• Coverage: Have active tradable markets and been trading for 60 days.
• Liquidity: Have an average daily trading volume that exceeds $50k USD
• Tokenomics: Access to supply and free-float data.
• Token Holder Count: > 500 Addresses
• Particular Exclusions: Stablecoins

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A vote “Agree” represents we should move forward with this ETP and will launch it as soon as practical.

A vote “Disagree” represents a new proposal should be made based on user feedback on a follow up post and we will refactor our choices.