SmartIndex weekly report #42 (29th May to 4th June 2023)

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:

Mist liquidity pool: 0.0033 BCH and 7.64 SIDX added

Tango liquidity pool: 0.0029 BCH and 6.78 SIDX added

Ember liquidity pool: 6170 EMBER and 8.60 SIDX added

BlockNG liquidity pool: 84.05 LAW and 105.63 SIDX. Rewards were higher this week as on 1st June 108.3 LAW were harvested from Beam pools.

LAW: 10.14 tokens locked into veLAW for 4 years (LAW RIGHTS #459, the one boosting the farm profits). This week, the new veLAW wasn't used to vote for the SIDX/LAW farm, as the rules changed: voting is only allowed now every 10 days.

bcUSDT: 0.13 tokens

Proposals

Voting period for proposal #57 will end in a few hours. This proposal aims to swap all FLEX for $OX, the OPNX token. As CoinFLEX migrates to OPNX, we can assume that eventually FLEX will be worthless.

Technical upgrades and economic performance

SmartIndex fate depends on SmartBCH, the new chain from BlockNG and CashTokens. Migration to the new platforms can be done once new projects start there, only a proposal is required.

On 1st June, rewards from the ETF portfolio were reallocated. Rewards were just 0.065 BCH and SIDX liquidity pools make 22.65% of the portfolio.