Index Competition #2: Electric Boogaloo

We’re pleased to announce that, despite the performance of everyone’s index selections, the first run of the Indexed Finance Index Contest (say that three times fast) was a success.

As such, we’d like to open the next round up to more users! We’re curious to see what kind of indexes participants come up with given a set of slightly tighter constraints. Below are the details for our upcoming contest.

Here we go again!

Registration

Prospective contestants need to:
a) Retweet the contest Twitter announcement, and
b) Fill out the following form: https://forms.gle/aBC5R7XpUrPyRxa28.

This form will close on Friday June 18th or when we’ve received as many entries as can be handled without causing CoinGecko to burn down.

Please be sure to read the form instructions in their entirety and make your selections based on the criteria given, so that you do not risk having your entry disqualified. We’re going to be fairly ruthless here, so stay sharp!

Index Methodology and Inclusion Criteria

Contestants will be creating their own 5 asset index in a similar style to the Future of Finance Fund ($FFF). The $FFF garners broad appeal to crypto enthusiasts and newcomers alike because of the way it balances exposure between trustworthy, high market cap offerings like BTC and ETH and multiple DeFi protocols that encompass a wide range of market cap sizes.

The structure for each contestant’s index must include:

  • Two projects sourced from the top cryptocurrencies by market cap, which are each weighted at 20%. You can also select stablecoins — e.g. USDT or USDC — here if that is part of your strategy.
  • One of the existing Indexed Finance indices, also weighted at 20%.
  • Two projects that are up to the contestant to choose , provided they are:
    a) below US$500 million market cap at the time of selection, and
    b) listed on CoinGecko.
    You’ll get to pick the weighting of your first choice from 5 to 35%, and the second will be given a weight to round it all out.

Contest Period

Once the registration period has ended, a time and date for the contest start will be announced. At this time, a snapshot of prices will be taken and the token allocations for each contestant’s index will be determined. The contest will then run for exactly 2 weeks.

Prizes

At the end of the contest, the top 10 performing indexes will win prizes (and the eternal pride of your parents)!

  • 1st place — 3,000 DAI, and 1 pair of DeFi Socks!
  • 2nd place — 1,500 DAI
  • 3rd place — 500 DAI
  • 4th place — 300 DAI
  • 5th place — 200 DAI
  • 6–10th place — 1 FFF
“I *earned* these” — one of you, in a month.

In addition to these prizes, cumulative prizes will be awarded to the top 3 indexes on the leaderboard each day at 21:00 UTC. These daily prizes will accumulate during the contest and be paid out at the end of the contest:

  • 1st @ EOD — 5 NDX
  • 2nd @ EOD — 3 NDX
  • 3rd @ EOD — 1 NDX

Your index will also be marked as having made the podium at one point:

So, those are the rules! We look forward to seeing you at the starting line!