Welcome to the SmartIndex weekly report. Here's a summary about this week events and performance of the portfolio:
Proposal #55 was voted and approved this week. Every 2 months, starting on 1st February, rewards from BlockNG Beam farms will be harvested and used to add liquidity to the SIDX/LAW pool in BlockNG. This will boost SIDX liquidity and also add buy pressure, as half of the LAW rewards are used to buy SIDX.
Due to the harvest/exit fee, eventually the value locked in the Beam farms will be too low to be valuable, but this will happen in the long term and then a proposal can be submitted to address this problem.
Technical upgrades and economic performance
This week GOB did gave yields, albeit low, just $0.08. Also, the markets had a little recover and some graphs are showing it, but it's very soon to say the bear market is over.