SmartIndex weekly report #11 (24th to 30th October)

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:

Mist extra liquidity pool: 0.029 BCH and 19.03 SIDX added

Tango extra liquidity pool: 0.012 BCH and 7.74 SIDX added

Ember extra liquidity pool: 4736 EMBER and 7.42 SIDX added

LAW: 8.81 tokens locked into veLAW for 4 years (LAW RIGHTS #459, the one boosting the farm profits). These LAW RIGHTS were used for up-voting SIDX/LAW farm (8.81 votes). Keep in mind that rewards from Punks in the portfolio wallet aren't collected as items will be lost.

bcUSDT: 0.69 tokens added. The only farm's rewards left to buy bcUSDT comes from Mist BCH/bcBCH farm.

Proposals

No new proposals have been submitted nor voted this week.

Technical upgrades and economic performance

Regarding economical data, the Yield percentage of farms graph located in the Yields page has been corrected. There was an error involving BlockNG Beam farms: as those farms aren't weekly farmed due to the exit fees, the graphs displayed an incorrect upwards trend. Now the graph is displaying the correct data.

It remains true that Beam farms yields display an upwards trend the last weeks, but they don't outperform other farms.

Regarding the ETF project, the code for the basic functionalities is written: deposits, displaying the ETF portfolio and withdrawal.

Test are being performed on mainnet with success, just a bug remains to be fixed: it seems that adding liquidity sometimes fails, it could be related to quick changes in the market or a calculation error. Once is fixed, next steps are:

Performing controlled deposits by interested investors. Those deposits will be supervised by the admin just to be able to correct the potential fails ASAP if they happen.

Merging the ETF branch to the main branch

Start the ETF project in beta project: the project will be public and everyone will be able to make deposits and withdrawal, but caution is advised.

Update the project: add to the ETF portfolio tracker the ability to see the user's share. Automatize the yield strategy decided by SIDX community and make necessary changes.