# June Rebalance Metaverse Index

**URL:** <https://gov.indexcoop.com/t/june-rebalance-metaverse-index/1862>\
**Category:** Products\
**Tags:** mvi\
**Created:** [1 July 2021 19:30 UTC](https://gov.indexcoop.com/t/june-rebalance-metaverse-index/1862 "2021-07-01T19:30:40Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![verto0912](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/verto0912/32/2105_2.png) [@verto0912](https://gov.indexcoop.com/u/verto0912)\
**Post date:** [1 July 2021 19:30 UTC](https://gov.indexcoop.com/t/june-rebalance-metaverse-index/1862/1 "2021-07-01T19:30:40Z")

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**Objective of the Metaverse Index (MVI):**

The Metaverse Index (MVI) is designed to capture the trend of entertainment, sports and business shifting to take place in virtual environments. The MVI uses a combination of the square root of market cap and liquidity weighting to arrive at the final index weights.

**MVI Rebalance Weights:**  
_Weights were calculated as of June 30th 2021_

 ![](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/4/48c8416d0a2a48e7f0205fb9f36f840dc0366d3a.png)

Here’s the change in allocations with “current” allocation taken at the time of writing.

**![](https://canada1.discourse-cdn.com/flex027/uploads/theindexdao/original/2X/6/60286cf6651f575bfc5dcf67f369c5c9c4ec8e04.png)**

**Rebalance summary:**

The above weights were calculated based on the average market cap and liquidity during the determination phase, which is always the last 7 days of the month.

During June, we saw a noticeable dispersion of returns for the tokens in the MVI, from 27.5% for MUSE to -54.7% for TVK. The new weights largely reflect the performance of the tokens as there were no meaningful changes to liquidity. One exception is MANA where a new Sushiswap pool was launched in mid-May and has attracted ~$3m of liquidity.

Based on some analysis we did with @jdcook’s help, we were able to look at the liquidity pools for the underlying tokens in terms of the number of tokens in them, instead of the $ amounts. We were glad to see that for 65% of the constituents, the number of tokens in the pool has increased since the launch of MVI.

Additionally, the MVI will have no new token additions in this month’s rebalance.

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**Author:** ![Double\_RF](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/double_rf/32/1763_2.png) [@Double\_RF](https://gov.indexcoop.com/u/Double_RF)\
**Post date:** [20 August 2021 20:28 UTC](https://gov.indexcoop.com/t/june-rebalance-metaverse-index/1862/2 "2021-08-20T20:28:21Z")

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This looks great! Will you be adding YGG token in Novenber 2021?