The sDEFI index synth is re-composed quarterly. Every three months community members vote on asset inclusion and relative weightage of projects to be included in the sDEFI index synth. The DeFi space moves fast.
Rebalancing the index enables the index synth to innovate as fast as the market. In the first rebalancing of sDEFI with SIP-69, UMA, LEND, COMP, and BAL joined the index. Future sDEFI versions may incorporate new projects such as YFI, MTA, Serum or other projects not yet released to the wild.
- Token must have existed for at least 3 months in the market prior to inclusion in the index.
- A single token cannot comprise more than 20% of the index.
- There will be a 2 week grace period before the rebalance takes effect.
Changes in sDEFI composition by asset will change via SIP, while changes in the weights of assets will be configured by SCCP. Will attach SIP shortly.