Post-Rebalance Report for the Metaverse Index on 2023-03-01
Product: Metaverse Index (MVI)
Rebalance Date: 2023-03-01
Methodologist: Index Coop Internal Methodologist Committee
This post-rebalance report provides stakeholders with an overview of the new index composition of the Metaverse Index (MVI), as well as an analysis of the rebalance results following the changes made in the methodology outlined in the pre-rebalance report.
New Index Composition:
Following the rebalance conducted on March 1st, 2023, the new index composition for MVI is as follows:
*During the rebalancing of the index, there was market volatility which resulted in a small quantity of wETH (0.00011 wETH per MVI token) being left in the index once the rebalancing was done. This happened because the assets that were being removed or reduced in weightage were sold for wETH, while the assets that were being increased in weightage reached their desired levels before the entire amount of wETH was sold. This remaining wETH will be removed in the next rebalancing process but will be left in the index as of now to aid in preserving capital.
The following tokens were removed from the index:
The following tokens were added to the index:
Rebalance Started: 2023-03-01 23:02:11 UTC
Rebalance Ended: 2023-03-04 0:48:59 UTC
Total Trades: 255
Total Gas Cost: 1.8988 ETH
Approx. Amount Sold: $3,342,154.73
Approx. Amount Bought: $3,297,990.44
Approx. Gain / Loss: $(44,164.29)
Approx. Loss / Amount Traded: 1.32%
Approx. Loss / TVL: 0.90%
Data available here
The Metaverse Index (MVI) underwent a rebalance on March 1st, 2023. The new index composition included the addition of GALA, IMX, and ENS tokens, while YGG, DG, REVV, WAXE, NFTX, WHALE, ERN, TVK, RLY, and RARI were removed. The rebalance resulted in 255 trades with a total gas cost of 1.8988 ETH and an approximate gain/loss of $(44,164.29). The approximate loss/amount traded was 1.32%, and the approximate loss/TVL was 0.90%.