I like the idea of a DATA index and I think there is certainly a space for something of this type in the coops portfolio. The tokenomics of Filecoin (combined with the 25%) cap mean there may be continued buying of renFIL by the DATA product as circulating supply increases and price drops. However, I’m a strong believer in keeping things simple and using a Market Cap based approach. As such I think DATA is a strong proposal.
From a product point of view I see two challenges:
- Having sufficient liquidity for renFIL at all times so we can issue / redeem and rebalance. The absence of promised liquidity is a major contributor to the depreciation of CGI.
- Having an understanding of the market size for such a product. How much AUM can we get?
Finally, I see no benefit in the proposed Methodologist Compensation scheme based on AUM thresholds. I fully expect many of our products to exceed $1,000,000,000 AUM in the future, and allocating 8% of INDEX supply to each methodologist will rapidly exhaust our reserves / limit our ability to offer similar packages to others.
The partnership with a fledgeling DAO further complicates the Methodologist : coop discussion (as we already have structures for large Methodologists and for community contributors).