The DAO-governed, crypto-gem index.
TLDR
- $SCIFI represents a curated basket of digital assets. $SCIFI is 100% collateralised, and has zero management fees.
- $SCIFI is governed by a governance token called $SPICE. The SPICE DAO votes on strategy, use of treasury funds and the curators of $SCIFI.
- $SPICE can be earned by holding $SCIFI and providing liquidity, or during the initial decentralised distribution.
The dawn of a new paradigm
The world of finance is on the brink of disruption. Centralised financial governance schemes have seen their pinnacle of innovation. The rule of CeFi has become disconnected from the needs of the average citizen. …
In this weekly report, we will update you about the performance and notable events of the Galactic Blue Index and its constitutes.
Update for 17/02/2021 to 24/02/2021
In this weekly report, we will update you about the performance and notable events of the SCIFI index and its constitutes.
Update for 15/02/2021 to 22/02/2021
2021 has seen a continuation of the crypto and DeFi bull run at staggering rates. SPICE DAO has launched a new index, updated the website and increased marketing efforts to spread awareness and interest in the mission. Here is an overview of what has happened since our last update and what is coming up.
During the first weeks of 2021, Mission Control focussed on preparing a second push on the SPICE DAO and making progress on the product side of things. While price activity and volumes were minimal, the team made best use of the time to relaunch the website, launch a new index, ramp up communications firepower and launch some fun campaigns. Here is a rundown in more detail.
The tokenomics design of SPICE is closely tied to the index products it launches. The SPICE architecture is designed to drive demand for the SPICE token as the value of its indices grow, benefiting the community of index investors and the fund owners. Here is an introduction:
The SPICE token
The SPICE token has several use cases. Foremost, it is a governance token that enables the SPICE DAO and enables its holders to submit proposals and vote on proposals that pertain to issues surrounding the DAO itself as well as to governance of the index products that SPICE DAO launches.
The SPICE token has another utility: it acts as a substitute for management fees and integrates SPICE index products with the SPICE DAO. Management fees, as known from ETFs reduce the yield of the product and only benefit the issuer of the ETF. Holders of SPICE benefit from the value…
Here is an overview of the liquidity farming options that will be available and how the community can participate.
// Please note that the SPICE liquidity farming structure has been updated based on a proposal to improve long-term value creation for the SPICE DAO community. The new structure will be effective as of the date that the DAO vote was live, i.e. February 12, 2021. Read up on the details here.
In order to incentivise the provision of liquidity and growth on DEX tradability for SPICE DAO’s index products as well as rewarding early index investors/hodlers, Mission Control allocates a…
In this weekly report, we will update you about the performance and notable events of the Galactic Blue Index and its constitutes.
Update for 11/02/2021 to 15/02/2021
In this weekly report, we will update you about the performance and notable events of the SCIFI index and its constitutes.
Update for 08/02/2021 to 15/02/2021
On Thursday, February 11, right after the launch of the Blue Chip Crypto Index $GBI, Mission Control hosted an AMA to answer questions of the community and revealed the plans and future of the SPICE DAO.
The SPICE DAO officially launched the Galactic Blue Index — $GBI, the second index fund of the DAO, focused on giving investors exposure to the most trusted digital assets in the space, covering the most relevant sectors of the DeFi and crypto value stack. This recap summarises an AMA hosted in the Telegram Community Channel with core team members, ‘Lucky Picard’ and ‘Rick Mortensen’.
Question: What type of performance should we expect from a blue-chip crypto index fund?
Rick: Can’t predict the future ;-). But what I’m confident is that GBI is a great way to get exposure to the…
SPICE DAO presents a new index of “Blue Chip Tokens”, the Galactic Blue Index ($GBI). The GBI tracks the leading crypto / DeFi projects across the industry’s verticals. Here are the details:
