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 farmed but not reallocated into liquidity pools, due to low yields and slippage issues. Next week yields will be added and reallocated together.
Proposals
Proposal #58 was approved. 363.07 FLEX were swapped for 45383,75 $OX, the OPNX token.
As this swap and staking process could only be done in the ETH network, I took $18.67 USDT from the portfolio to account for gas fees.
As this swap and staking process could only be done in the ETH network, I took $18.67 USDT from the portfolio to account for gas fees.
In 3 months, OX will be available. Take in mind that OX won't be reflected on the portfolio for now, as ETH support needs to be added to reflect it.
Technical upgrades and economic performance
Due to several technical errors, some swaps through Tango's Smartswap couldn't be performed.
SIDX reached a historical minimum price ($0.04), as farms rewards still keep falling.