PECO Methodology Revamp

This is a governance proposal to revamp PECO’s methodology, which will expand our index tokens to have a more diversified number of constituents, while also reducing the price impact incurred during rebalances.

Objectives

1. Expand the eligible universe to include up to 10 tokens
2. Add bumper/ constraints rules to prevent sudden exclusion of existing tokens — To be included in a future iteration
3. Reduce price impact from inclusion and rebalancing

You can read more about the new methodology here.

The snapshot was taken Monday, June 27th at 3 pm EST. The vote will be open from Monday, June 27th at 3 pm EST and end Thursday, June 30th at 3 pm EST.

If the proposal is passed:

PECO rebalance will migrate to the new methodology as of July 1, 2022.

Proposal voting instructions

In order to vote on the given proposal, you must have had PECO tokens in your wallet on June 27th at 3 pm EST.

1. Go to the PECO snapshot page
2. Click on the “Connect wallet” button in the top right corner
3. Connect with the wallet where you hold PECO
4. Click on the option you want to vote for
5. Sign the message via your wallet

If you have any questions feel free to reach out to us on Discord, Twitter, or Telegram.