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:
Technical upgrades and economic performance
No news coming from the market.
Regarding technical aspects, a bug which prevented getting sometimes the BCH price was solved.
The ETF portfolio rewards were harvested yesterday (1st April). $26.41 in rewards were added to the $11.94 rewards held in the form of bcUSDT from the last month.
SIDX liquidity was just 15% of the ETF portfolio, and the script tries to keep it between 20-30% (see Proposal #53). As adding rewards is not enough to reach a 20%, the script withdrawals money from the farm with the lowest yield. Only 50% can be withdrawn as max, if more money is needed, the script goes to the second farm with lower yields.
In this case, 25.6% of Mistswap BCH/bcBCH liquidity was removed. Money is added to SIDX liquidity pools also based on yield: the pool with the highest yield gets more money.
In the future, if SIDX liquidity surpasses 30% of the ETF portfolio composition, money will be withdrawn and deposited into the farms.