# Metaverse Index - MVI ***MVI is designed to capture the trend of entertainment, social activity and business moving to take place in virtual economies, powered by NFTs and blockchain technology.*** Launched in April 2021, MVI is a basket of fully collateralised Metaverse tokens, built on Set Protocol contracts. It is available on [Ethereum Mainnet](https://www.tokensets.com/portfolio/mvi) and [Polygon PoS](https://analytics-polygon.sushi.com/pairs/0x4642dafc5281ba5a8d35b2896e0d925b23c6883c). Please see below for a guide to obtaining MVI on Polygon: {% embed url="" %} The purpose of MVI (and index products in general) is to give diversified exposure to a certain theme or trend. When it comes to index products in crypto, the main benefits are: * One click exposure to a theme. * No need to pick winners, the index will always hold the largest tokens in terms of market cap and liquidity. * Gas efficient when compared to buying and rebalancing your holdings personally. Read the latest on MVI here: {% embed url="" %} ### *Official Links* **MVI:** **Dune Dashboard:** **MVI Ethereum Mainnet Address:** 0x72e364f2abdc788b7e918bc238b21f109cd634d7 **Etherscan:** **Uniswap V2 Pool:** **MVI Polygon Address:** 0xfe712251173A2cd5F5bE2B46Bb528328EA3565E1 **Polyscan:** **Sushiswap Pool:** The latest information on MVI is published monthly on [our Substack](https://metaportal.substack.com/p/metaverse-index-monthly-update-december). This covers interesting events relating to the underlying tokens as well as MVI performance and the wider macro picture. ### ***Methodology*** Selection of the $MVI tokens is based on the following basic criteria: * The token must be available on the Ethereum blockchain. * Protocol must be in one of the following [MetaPortal token categories](https://metaportal.substack.com/p/metaportal-token-categories): Gaming, Virtual World, Marketplace, Collectibles, Media and Entertainment, Extended Reality, Artificial Intelligence, NFTfinance or Platform. More categories will be added in the future as the market matures. * Total market cap must be over $50m. * Protocol must have at least 3 months history of operation and its token must have at least 3 months of price and liquidity history. * Token must have reasonable and consistent DEX liquidity on Ethereum. * An independent security audit should have been performed on the protocol and results reviewed by the product methodologist. In the case that no audit has been performed, the methodologist will apply subjective judgement of the protocol based on assessment of the criteria above and communications with the team. * In the event of a security issue the methodologist will work with the project team to understand the issue and any effects to $MVI holdings. The team is expected to provide users of the protocol with a reliable solution and adequate documentation to ensure transparency about the incident. * Tokens will not be staked at the launch of the index. This is subject to change as liquidity increases and it becomes possible to safely generate yield through staking. #### Index Weight Calculation The $MVI uses a combination of root market cap and liquidity weighting to arrive at the final index weights. We believe that liquidity is an important consideration in this space and should be considered when determining portfolio allocation. \ TW = 75%\*RMCW + 25% \* LW where, TW – token weight in the $MVI RMCW – square root of market cap weighted allocation LW – liquidity weighted allocation #### Index Maintenance The index is maintained monthly in two phases: * Determination phase: During the determination phase, the tokens being added and deleted from the index calculation are determined during the final week of the month and published before monthly rebalancing. * Rebalancing phase: Following publication of the determination phase outcome, the index composition will change to the new weights during the first week of the following month. ### ***Other Resources*** * [Introducing the Metaverse Index (MVI)](https://medium.com/indexcoop/introducing-the-metaverse-index-mvi-by-index-coop-aa0979e0ff5) * [Inside the Metaverse Index - Metaversal](https://metaversal.banklesshq.com/p/inside-the-metaverse-index?s=r) * [FAQ](https://docs.google.com/document/d/1n5XIaKK5N9b99pdu3i0tb-u5PZSE7Zuj-AQsjh5HMXs/edit)