Welcome to the SmartIndex weekly report. Here's a summary about this week events and performance of the portfolio:
Rewards allocation
Rewards from staked tokens, farms and punks for this week can be seen in the snapshot taken today here.
Rewards have been allocated in the next fashion:
Proposals
Proposal #51 was approved. Funds from Tango/bcUSDT farm were moved to the Tango/bcETH farm (on Tangoswap) to maximize yields.
Technical upgrades and economic performance
A big esthetic change in the web app user interface is coming thanks to a collaborator.
Steady work has been made on the ETF branch, most regarding data structure of the ETF portfolio and investors balances. Some small changes have also been made to already existing code to adapt it to the ETF project.
This is the first week SmartIndex works with BlockNG beam farms, these farms won't be included in the ETF portfolio as they can be considered illiquid. There's a 1% deposit/exit fee and don't allow a partial liquidity removal, so every withdrawal petition leads to withdrawing all the liquidity in the pool and deposit the rest again, paying the exit and deposit fee every time.