The CMI Index is a digital asset index designed to track performance of the crypto crypto market. The index is equally weighted between three assets: WBTC, ETH, USDC. The CMI Index allows you to get the profitability of the all crypto market just HODLing only one token.
The index consists of three assets proportional to each other. Target allocation of the index is always kept as follows: 33.33% WBTC, 33.33% ETH, 33.33% USDC. When there is a deviation of any token weight from the index target allocation to a critical value, the index will be rebalanced. Learn more about rebalancing in the Reconstitution Phase
TW = (⅓)*IV
TW – token weight in the $CMI
IV – Index Value in USD
The index is maintained monthly in two phases:
The determination phase takes place:
It is the phase when the changes needed and next reconstitution are determined.
Following publication of the determination phase outcome, the index composition will change to the target weights:
Any client can issue new CMI Index tokens using the DeFi TokenSets protocol. To do this, he needs to initially have tokens that are included in the index and deposit them as a pledge into a smart contract to receive CMI.
This allows to reduce the spreads between the fair value of the CMI token and its value on DEX platforms.
Any CMI token holder can use the decentralized TokenSets protocol to receive the tokens that are included in the index, in exchange for the CMI token.