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:
Proposals
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 Friday, Celery wasn't set to payout mode, so Celery gave no yields this week. The yield percentage of staked assets graph in the Yields section has been modified to only display Celery yields when it's in payout mode (proposal #16). This way, fake yields are avoided.
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.