Metaverse Index

Auto Allocation - Metaverse Index ( MVI )

Any WETH sent to an Amasa account which has setup Metaverse Index in Auto Allocation, automatically enters a set of smart contracts and is swapped via decentralized exchange ( Uniswap ).

The percentage of WETH swapped to MVI will match the set percentage chosen by the user in their Auto Allocation.

As part of the same transaction executed by the smart contracts, the user wallet address which was connected to setup the Amasa account will be sent the MVI.

This asset is then held by, and under the control of the user, not the smart contracts or Amasa.

When rebalancing a portfolio, a user can swap existing assets back to WETH from their dashboard and deposit into their updated Auto Allocation. This may be done if a user wants to change their approach from Stabilise to Amplify or vice versa.

Users can independently confirm and track all transactions on Arbiscan.

Risk Disclaimer

The DeFi space is not without risk. It is highly recommended to do your own research and only supply assets you can afford to lose. Read Risk Disclaimer

What is MVI Metaverse Index token?

The Metaverse Index (MVI, created by Index Coop, is a single token consisting of a basket of underlying tokens. It is designed to capture the trend of entertainment, sports and business shifting to take place in virtual environments.

Index Coop builds simple yet powerful tokens which help people access a range of complex crypto strategies. They offer a broad variety of tokens to individuals and institutions – covering index strategies, leveraged strategies and yield strategies too. All Index Coop tokens are easy-to-understand, secure and cost efficient – for crypto natives and newbies, institutions and retail.

Underlying tokens

Constituent Weighting

Selection of the tokens in $MVI is based on the following basic criteria:

The token must be available on the Ethereum blockchain.
The protocol must be in one of the following token categories: Non Fungible Tokens, Entertainment, Virtual Reality, Augmented Reality and Music.
The token must not be considered a security by the corresponding authorities across different jurisdictions.
The token must be a bearer instrument. None of the following will be included in the index: Wrapped tokens, Tokenized derivatives, Synthetic assets, Tokens that are tied to physical assets, Tokens that represent claims on other tokens.
Total market cap must be over $30m.
Token must have reasonable and consistent DEX liquidity on Ethereum.
The Protocol must have at least 3 months history of operation and its token must have at least 3 months of price and liquidity history.
The project’s protocol must have significant usage.
The protocol or project must not be insolvent.
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 judgment of the protocol based on assessment of the criteria above and communications with the team.
In the event of a security issue the methodologist should work with the project team to understand the issue and any effects to the $MVI holdings. The team would be expected to provide users of the protocol with a reliable solution and adequate documentation to ensure transparency about the incident.

Index Maintenance

The index is maintained quarterly (in January, April, July, and October) in two phases: Determination Phase. The determination phase takes place during the third week of the rebalancing month. It is the phase when the changes needed for the next reconstitution are determined.

Reconstitution Phase. The index components are adjusted, added and deleted as per the instructions published after the end of the determination phase. New index weights, additions and deletions are incorporated into the index during the monthly reconstitution, which will take place on the first business day of the month. As assets tracked by the index grow, the reconstitution window will expand to more than one day to lower the reconstitution’s market impact.

Risks

The following risks may apply to this digital asset: full or partial loss of digital assets due to technical hacks, exploits, or failures that may occur at the protocol or smart contract level of a product’s infrastructure; restrictions placed on the digital assets by regulatory authorities in the end users region; loss of digital assets or loss of access to the digital assets due to decisions made by centralized providers of the underlying assets; full or partial loss of digital assets through standard product operations which can be hampered by unexpected market conditions; full or partial loss of digital assets due to changes to underlying product assets made by the originating protocols; full or partial loss of digital assets due to volatility, correlation, value at risk, and contagion risks; underperformance of digital assets due to deviation from intended methodology; full or partial loss of digital assets due to the volatility of underlying tokens.