Welcome to the SmartIndex weekly report. Here's a summary about this week events and performance of the portfolio:
No new proposals have been submitted nor voted this week.
Technical upgrades and economic performance
After testing on mainnet, the ETF project begins the alpha phase. Please, take in mind that this is an alpha version and bugs can arise.
The system has been designed to detect bugs, warn the admin and stop until the problem is fixed, but feedback through the Telegram group is highly advised.
The ETF portfolio tracker is available here: https://transparency.smartindex.cash/ETF
How does it works?
Send only BCH on SmartBCH or your money can be lost.
Once the watchdog has allocated your coins, you will receive the S-ETF token representing your share: S-ETF.
For withdrawing your deposit, just send back your S-ETF tokens to the watchdog address.
You will receive you investment back in the form of WBCH, take that in mind.
At the moment, the process is not interactive, so you need to wait to receive your S-ETF without any feedback. If something goes wrong, you won't get any notification. This is the first thing I will work on the next days: updating the ETF portfolio tracker to display more info.
If you're not happy with the current assets allocation, remember that you can submit a proposal to change them. The available options are adding and removing tokens, staked tokens and farms.