# Bankless DeFi Innovation Index - July 2022 Rebalance Postponed

**URL:** <https://gov.indexcoop.com/t/bankless-defi-innovation-index-july-2022-rebalance-postponed/4323>\
**Category:** Product\
**Created:** [4 July 2022 04:12 UTC](https://gov.indexcoop.com/t/bankless-defi-innovation-index-july-2022-rebalance-postponed/4323 "2022-07-04T04:12:17Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![bgiove](https://avatars.discourse-cdn.com/v4/letter/b/13edae/32.png) [@bgiove](https://gov.indexcoop.com/u/bgiove)\
**Post date:** [4 July 2022 04:12 UTC](https://gov.indexcoop.com/t/bankless-defi-innovation-index-july-2022-rebalance-postponed/4323/1 "2022-07-04T04:12:17Z")

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**Bankless DeFi Innovation Index - July 2022 Rebalance Postponed**

Hey everyone, I wanted to let you all know that the July 2022 rebalance for GMI has been postponed.

The improved rebalance facilities within IC are in the process of being stood up, so we will be delaying any changes to GMI’s composition until that is completed.

We look forward to resuming rebalances as well as releasing our revamped "GMI V2’ methodology, which we hope will help improve performance while keeping costs as low as possible.

**Index Weights:**

 ![Screen Shot 2022-07-03 at 9.10.37 PM](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/7/7ea49824b625884a281ddd7ca48073f33ff000be.png)

**Objective of the Bankless DeFi Innovation Index (GMI):**

The Bankless DeFi Innovation Index is a simple composite index launched by the Index Cooperative. The index focuses on high growth, early stage DeFi projects which are not yet considered “blue chip”. GMI produces an optimal weighting via the use of a combination of square-root market cap, relative secondary market liquidity, and relative token dilution/emission scoring.