Welcome to the SmartIndex weekly report. Here's a summary about this week events and performance of the portfolio:
Proposal #54 was submitted but the voting period is not over. It will be very probably approved.
This proposal aims to stop adding CoinFlex assets (FlexUSD and FLEX) every time a new deposit is made in the ETF. SIDX token holders should decide if this is a smart move or CoinFlex asset will eventually recover their value.
Technical upgrades and economic performance
Economically, farms yields are falling on all farms this week.
BlockNG is the DEX giving us the better reward for SIDX liquidity. The second one is Emberswap, despite the low Ember liquidity.
The ETF project is still being tested, and thanks to @borrachomejor, several bugs have being spotted. The core functions work fine, but some bugs arise sometimes.
- The watchdog is now more resilient to RPC servers problems, including a RPC server being down.
- The total farming rewards pending to allocate is now fixed, before it was displaying an incorrect amount. Remember that farming rewards are these coins: Mist, Tango, Ember and LAW.
- Admin fee for ETF deposits has gone from 0.5% to 1.5%. As deposits and withdrawals require more than 50 transactions, the former fee was not enough to pay the gas.
- Portfolio fee is 1% and is now displayed in the transparency portal in the form of WBCH. This asset is treated as any other SEP20 token: the portfolio will hold it until a proposal says otherwise.