🟣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 and Polygon PoS.
Please see below for a guide to obtaining MVI on Polygon:
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:
Official Links
MVI: https://www.tokensets.com/portfolio/mvi
Dune Dashboard: https://dune.xyz/jdcook/MVI
MVI Ethereum Mainnet Address: 0x72e364f2abdc788b7e918bc238b21f109cd634d7
Etherscan: https://etherscan.io/token/0x72e364f2abdc788b7e918bc238b21f109cd634d7
Uniswap V2 Pool: https://v2.info.uniswap.org/pair/0x4d3c5db2c68f6859e0cd05d080979f597dd64bff
MVI Polygon Address: 0xfe712251173A2cd5F5bE2B46Bb528328EA3565E1
Polyscan: https://polygonscan.com/address/0xfe712251173A2cd5F5bE2B46Bb528328EA3565E1
Sushiswap Pool: https://analytics-polygon.sushi.com/pairs/0x4642dafc5281ba5a8d35b2896e0d925b23c6883c
The latest information on MVI is published monthly on our Substack. 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: 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
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