IIP-71 DG2: Launching the Robot Index ($iRobot)
Decision Gate 2 is the final vote for onboarding products to the Index Coop. A full overview of the product onboarding process can be found here.
A passing vote here signals a commitment by the Index Coop to launch the Robot Index ($iRobot) in a timely manner.
Work Team Analysis
The Work Team Analysis for Robot Index ($iRobot) has been posted here.
Product Requirements
The PRD document for Yield Hunter Index ($iRobot) can be found here
Passing Thresholds:
- 10% or more of circulating supply must participate (2,181,385 * 0.10 = 218 138 )
- 60% or more of participating tokens must vote FOR
The full-text Yield Hunter Index ($iRobot) proposal exceeds Snapshot’s character count limit. Below is an abbreviated proposal. Check out this forum post to read the full proposal.
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Title : The Robot Index (iROBOT) Status : Proposed Author : @Monportefeuille Created : 2021-09-22
Simple Summary : The Robot Index (iRobot) aims to become the 1st decentralized Robo-Advisor launched by Index Coop, responding to the surging demand from digitally natives for a product that can unlock the potential of crypto diversification and quantitative trading - in a single token.
Abstract : This IIP is the final proposal to launch iRobot and is the result of the latest iteration of the Product Onboarding Process. Thanks to the entire BD & PWG Teams for their invaluable support along this journey !
This post was slimmed down to comply with the Snapshot character limits, but contains the majority of the details already developed in the original forum discussion 4 and in the IIP for DG1 2.
For DG2 the following details have been added :
Initial Product Requirements Document. Outcome of the Work Team Analysis. Determination of iRobot’s Prioritisation Score. Proposed fee structure & initial liquidity strategy . Adjustments to the methodology in order to facilitate management of on-chain liquidity. Updated draft portfolio reflecting these changes, as well as the effects of the current market dynamics on the Sortino ratio rankings & the liquidity situation. Motivation : The core of Index Coop’s mission is to make crypto investing simple, accessible & safe.
Unfortunately, and despite the potential offered by market-capitalization weighted benchmarks, building a diversified portfolio with long-lasting performance while minimizing its downside deviation is not always easy for retail investors.
This is particularly true for those entering the market in periods of high volatility, and hoping to outperform the top market caps without spending too much time or effort.
With generally little trading or portfolio management experience, a natural bias when facing a screen full of numbers and obscure token names is often to place bids on random projects, or based on influencers advice / crowd sentiment (FOMO).
The Robot Index eventually gives a rational alternative to these investors left alone in front of their price screener with 9000 coins to pick up from as potential space rockets !
You can check out the video recording of our pre-DG1 Community Call here to learn more about the Robot Index story and motivation.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
0x8627...7A0857 | 187,922 | AGAINST |
0x676E...f0B582 | 19,522 | AGAINST |
0x65fD...e2668D | 19,286 | AGAINST |
0xbdac...9672cc | 16,693 | AGAINST |
0x4d5c...922f97 | 14,649 | FOR |
VOTE POWER
Proposal Status
- Mon November 08 2021, 06:00 pmVoting Period Starts
- Thu November 11 2021, 06:00 pmEnd Voting Period
Current Results
1-AGAINST
263,429.91
2-FOR
49,512.793
