Welcome to the SmartIndex weekly report. Here's a summary about this week events and performance of the portfolio:
Proposal #49 was rejected, so SmartIndex will remain at the moment on SmartBCH only.
Proposal #50 was approved. This proposal aims to move funds to more profitable farms from Mistswap to BlockNG. This will affect proposal #42: currently, we are swapping BCH/bcBCH and flexUSD/BCH farms profits (both located on Mistswap) for bcUSDT. FlexUSD/BCH farm on Mistswap will now be removed, so only profits from BCH/bcBCH farm will be swapped into bcUSDT.
Technical upgrades and economic performance
This week I've been working in code related to the ETF:
- Added some scripts related to ETF funds withdrawal (liquidity removal, unwrapping BCH).
- Work on the ETF watchdog, a scheduled script that overviews the ETF investment address and triggers the automatization script once the funds (BCH for investing, ETF tokens for withdrawal) are deposited.
Proposal #50 leaves more work to do regarding BlockNG ecosystem integration, as their environment has nothing to do with other DEXs. So changes related to this proposal can take some time to be displayed in the transparency portal, as I need BlockNG team assistance to get the ABI files.