![]() ![]() Moving to a post-gas fee split means we are incentivised to work together and reduce cost (something we have been doing already!) but this solidifies the arrangement. There are a number of changes we are looking to make to address this, and it makes sense to roll them all into one and future-proof MVI as best we can at the same time. ![]() In the future, the Index Coop will bear the costs and as methodologists we expect to share the burden proportionally. While Set continues to cover gas costs for product rebalancing, we are aware this will not always be the case. Assuming the IIP travels smoothly through the governance process, we would aim for the changes to take effect after the March rebalance (circa 3rd April).MVI baseManager contract is upgraded, as per IIP-64 to include the MetaPortal multi-sig as a signer for changes.Rebalancing itself reduces frequency to be at least quarterly, with some discretion to rebalance sooner if beneficial.Revenue is split between Index Coop and MetaPortal 60/40 after gas costs are paid for rebalancing.Streaming fee increases from 0.95% to 1.5%.Having studied the revised economic arrangement for the DATA index in IIP-117, and after working closely with IC product and Set engineering to try and reduce gas costs during rebalances, we propose bringing MVI in-line with a consistent and more long-term fee split arrangement to improve product sustainability. Title: MVI Revised Fee Split and Streaming Fee IncreaseĪuthor: Review : 7th March 2022 Simple Summary ![]()
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