Welcome to the SmartIndex weekly report. Here's a summary about this week events and performance of the portfolio:
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:
Proposal #54 was approved, implemented and tested.
CoinFlex assets (FlexUSD and FLEX) won't be added in new ETF deposits.
Technical upgrades and economic performance
BlockNG rewards for SIDX liquidity has drastically fallen as a good amount of veLAW voting for the LAW/SIDX farm has been withdraw. Next week we'll see the real impact of this action and perhaps a liquidity reallocation is advisable.
Also, if SIDX price keeps falling, some actions like burning coins can be considered. Just take in mind that we are in a deep bear market and SIDX price is highly related to BCH price, so there's no easy solution.
The ETF project is still being tested, thanks again to @borrachomejor. It seems to work fine now.
Admin fees will go directly to the ETF portfolio in the form of BCH to pay for the gas expenses.