SOLI Methodology Revamp

This is a governance proposal to revamp SOLI’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 vote will be open from Friday, August 26th at 12pm EST and end Tuesday, August 30th at 12pm EST.

If the proposal is passed:

SOLI rebalance will migrate to the new methodology as of September, 1, 2022.

Proposal voting instructions

1. Go to the SOLI Mango markets page (link)
2. Click on “Connect wallet” button in the top right corner
3. Connect with wallet provider where you hold SOLI
4. Under “Your Account,” click deposit (NOTE — THIS WILL DEPOSIT ALL YOUR SOLI IN YOUR WALLET AND LOCK YOUR SOLI FOR THE DURATION OF THE PROPOSAL)
5. Click on the option you want to vote for
6. Sign the message via your wallet and done

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

Proposal: Link