Metaverse Index
Auto Allocation - Metaverse Index ( MVI )
Accumulate dollar cost averaged Metaverse Index token, created by Index Co-op.
Any MATIC sent to an Amasa account which has setup Metaverse Index in Auto Allocation, automatically enters a set of smart contracts and is swapped via Sushiswap V2 pairing in the following sequence: 1.MATIC/wETH 2. wETH/MVI
The percentage of MATIC swapped to MVI will match the set percentage chosen by the account holder in their Auto Allocation.
As part of the same transaction executed by the smart contracts, the wallet address connected using Metamask to setup the Amasa account will be issued with arMVI tokens. These function similarly to LP tokens as a record of ownership over funds within the contract.
In a user-actioned withdrawal transaction,
User’s arMVI tokens are sent back to the Amasa smart contract and burned
The Amasa smart contract withdraws a 1:1 amount of MVI from the Aave contract and converts it into either USDC or MATIC via swap on Sushiswap.
User receives USDC ( or MATIC if selected from the dropdown option) into their connected wallet.
Users can independently confirm and track all transactions on thePolygon network.
Risk Disclosure
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 Disclosure
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.
The Metaverse Index token holds top tokens of a specific crypto theme, the Metaverse.
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.
Protocol must be in one of the following token categories on Coingecko: Non Fungible Tokens, Entertainment, Virtual Reality, Augmented Reality and Music. 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 applies 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 any incidents.
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 Maintenance
The index is maintained quarterly in two phases:
Determination Phase: Protocol must be in one of the following token categories on Coingecko: Non Fungible Tokens, Entertainment, Virtual Reality, Augmented Reality and Music. More categories will be added in the future as the market matures.
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 quarter.
What are arMVI tokens?
Amasa uses Amasa Record (ar) tokens which function like Liquidity Pool ( LP ) tokens as a record of ownership over funds within Amasa smart contracts.
Currently these are the following arTokens used in the Amasa smart contracts.
arUSDC ( USDC )
arUSDT ( USDT )
arWBTC ( WBTC )
arwstETH ( Liquid staked wrapped ETH on Lido )
arDPI ( DPI )
arMVI ( MVI )
How long do I have to keep funds in my account?
There are no restrictions or lockup time periods on any user funds in accounts. If there are funds in your account they can be withdrawn at any time.
Who holds my funds?
All user funds are non-custodial and securely stored in the Amasa smart contracts on Polygon, a Layer2 network on the Ethereum blockchain. Only a connected wallet which holds arTokens ( Amasa Record Tokens ) is able to withdraw funds from the Amasa smart contracts. Only the value of the arTokens held by the user can be withdrawn.
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