Could not be more excited about this. Indexes like this that help people passively capture value from new and emerging defi products feels like a massive win.
Love the concept of potentially making assets like OHM productive by staking and delivering those returns to back to holders of the asset. Could even be an interesting potential approach to deliver that value back to metagovernance delegates for effectively managing the risk of these assets (though I know paying delegates is a much more complex conversation, but this feels like an avenue that could be incentive aligned).
Excited to see this launched. Believe active mgmt to justify fees required. Being able to diversify the rug pull risk across a portfolio of these makes total sense. I’m in about 1/3 now and was eying others so this provides a great one stop shop. Somewhere between monthly and quarterly rebalancing needed IMHO.
@0xdouglas beat me to it, but wsOHM, or any other productive asset could risk classifying this index as a security, and would personally advocate against it.
Would love to see the full inclusion criteria as it feels there are some tokens that should be included (TCR, FXS etc) per the above criteria. If additional screens are being applied would love to have some acknowledgment of them.
Lastly, would love to know if there is a screen for security (audit done) and security status (no authorities have deemed the token a security).
Want to first say I’m a big fan of this product, and great job polishing the details of this forum post!
What happens if methodologists want to make changes to token criteria like these after launch?
Personally I think methodologists should have the ability to make changes in reaction to market conditions or user feedback. I’d also want to make that ability transparent, and any changes well-communicated.
Definitely digging the small cap/growth DeFi theme here and agree it would complement DPI quite nicely.
I quickly browsed through the list and the majority of them are on L1 only. Would we expect that most of the upcoming DeFi project continue to be launch on L1 and hence a L2 is not a feasible option?
Personally my only hesitation would be the gas costs on L1. If I were to allocate $1,000 or $2,000 at the gas cost of 0.025 ETH / $110. Not a deal break but it does sting.
Going along with the allocation of 4:1 / DPI:GM which seems reasonable to me, I tried to find the median holder’s value of DPI but couldn’t find it. Cringe to use averages but… the average value per a holder is about $13,500 ($202,684,819 / 14982 holders). At the 4:1 ratio, this average holder would allocate $2,700 to GMI so I guess the gas cost would be acceptable here.
Please let me know if any assumption/calculation are incorrect, I’m still fairly new here ^^;