DEGEN: Vote for RGTs replacement and RSR Swap
With the Fei-Rari merger and RSR contract change there are some mandatory housekeeping actions needed for the DEGEN index. It has also been noted in Discord that the current composition of DEGENis almost a year old and is due for a refresh.
The removal of RGT, replacement of RSR with the new RSR contract and asset list change was presented and commented on in the Indexed Finance Forum here: https://forum.indexed.finance/t/asset-list-update-degen-housekeeping-and-refresh-degen/841/5
The following list of tokens were suggested following conversations in the Indexed Discord and Forum amongst active members of the DAO. Recall that in order to be a valid asset, there must be ‘sufficient’ liquidity in a X/WETH pair on Uniswap V2 (we consider ~US$100,000 sufficient), and the circulating market cap must be at least US$50 million. To minimize IL impacts of changing multiple index components at the same time, this vote is to select only one token to replace RGT.
The choices (and their circulating market caps at the time of writing) are: • RBN – US74 million • TOKE – US$330 million • ASTRO – US$376 million • TRIBE – US$271 million • None , only remove RGT and Swap RSR
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xE7f4...0F153e | 61,593 | 100% for RBN |
 0x0000...C0bA6E | 20,390 | 100% for RBN |
 0x562a...c5681a | 13,508 | 100% for RBN |
 0xba57...65C4a7 | 3,194 | 100% for RBN |
 0x938b...c749d4 | 1,340 | 25% for RBN, 50% for TOKE, 25% for TRIBE |
VOTE POWER
Proposal Status
- Sun April 03 2022, 12:03 pmVoting Period Starts
- Sun April 10 2022, 11:00 pmEnd Voting Period
Current Results
1-RBN
102,640.465
2-TOKE
1,121.538
3-ASTRO
841.904